[144] BLACKLINE, INC. SEC Filing
Form 144 notice for BlackLine, Inc. (BL) reports a proposed sale of 910 shares of common stock through Fidelity Brokerage Services on 09/22/2025 with an aggregate market value of $50,050.00. The filing shows 61,887,825 shares outstanding for the class, and the shares to be sold were acquired by the seller on 09/03/2013 via stock option exercise for cash.
The filing also discloses two recent sales by the same seller: 885 shares on 07/21/2025 for $50,179.50 and 910 shares on 08/28/2025 for $50,050.00. The filer attests there is no undisclosed material adverse information and the notice includes the statutory warning about false statements.
- None.
- None.
Insights
TL;DR: Routine small-volume insider sale, immaterial relative to outstanding shares.
The proposed sale of 910 shares valued at $50,050 represents a de minimis portion of the reported 61,887,825 shares outstanding (well below materiality thresholds). The transaction stems from a 2013 stock option exercise, indicating the seller is disposing of long-held vested equity rather than receiving new economic benefit. Recent nearby sales (885 and 910 shares) suggest a pattern of modest disposals rather than a single large liquidation. For investors, this filing is a disclosure of insider activity but is unlikely to move valuation metrics given the small absolute and relative amounts.
TL;DR: Filing meets Rule 144 disclosure requirements and includes required attestation.
The Form 144 documents the broker, sale date, quantity, and acquisition details as required. It specifies the broker (Fidelity Brokerage Services), dates of prior sales in July and August 2025, and confirms the securities were acquired by stock option exercise paid in cash. The signer represents no undisclosed material adverse information and the form contains the statutory criminal-warning language. From a compliance perspective, the notice appears complete for the transactions reported.