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BlackLine (Nasdaq: BL) expands stock repurchase authorization to $600 million

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

BlackLine, Inc. reports that its board of directors approved an increase to its stock buyback program by an additional $100 million, bringing total authorization to repurchase up to $600 million of common stock. As of August 3, 2026, the company has repurchased 7.2 million shares for $327.8 million under the program.

Repurchases may occur through open-market purchases or privately negotiated transactions, potentially in accordance with Rule 10b-18, and may be facilitated by Rule 10b5-1 plans. The program does not require any minimum repurchase amount and can be suspended, terminated, amended, or modified at the board’s discretion.

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Buyback increase $100 million Additional approval above prior authorization for the stock buyback program
Total buyback authorization $600 million Maximum aggregate amount authorized for repurchases of common stock
Shares repurchased to date 7.2 million shares Shares repurchased under the program as of August 3, 2026
Amount repurchased to date $327.8 million Total cost of shares repurchased as of August 3, 2026
stock buyback program financial
"approved an increase to the Company’s stock buyback program"
A stock buyback program is when a company uses its cash to repurchase its own shares from the market, reducing the number of shares available to other investors. This can raise profit per share and often signals management believes the stock is undervalued, like a business buying back coupons to concentrate value for remaining holders; it matters because it can support the share price, change ownership percentages, and alter key financial ratios.
Rule 10b-18 regulatory
"may be structured to occur in accordance with the requirements of Rule 10b-18"
Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.
Rule 10b5-1 plans regulatory
"may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases"
A Rule 10b5-1 plan is a prearranged schedule that lets company insiders buy or sell stock at set times or prices, set up when they do not possess confidential information. It acts like an automatic thermostat for trades, reducing the risk that otherwise-timed transactions could be accused of insider trading. Investors care because such plans increase transparency about insider activity and signal when insider trades are routine rather than reactive to private news.
privately negotiated transactions financial
"through open market repurchases or through privately negotiated transactions"
Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What change did BlackLine (BL) make to its stock buyback program?
BlackLine’s board approved an additional $100 million for its stock buyback program, increasing total authorization to repurchase up to $600 million of common stock. This expanded capacity was approved on July 31, 2026.

How much stock has BlackLine (BL) repurchased under the program so far?
As of August 3, 2026, BlackLine has repurchased 7.2 million shares of its common stock for an aggregate of $327.8 million under the stock buyback program.

What methods can BlackLine (BL) use to repurchase shares?
BlackLine may repurchase shares through open-market transactions or privately negotiated transactions. Open-market buybacks may follow Rule 10b-18 requirements, and the company may also use Rule 10b5-1 plans to facilitate repurchases.

Is BlackLine (BL) required to repurchase a specific amount of stock?
No. The stock buyback program does not obligate BlackLine to repurchase any particular amount of its Class A common stock. Actual repurchases may vary based on price, business conditions, market conditions, and alternative investment opportunities.

Who can change or suspend BlackLine’s (BL) stock buyback program?
BlackLine’s board of directors may suspend, terminate, amend, or modify the stock buyback program at any time, without prior notice, and retains full discretion over changes to the authorization.
0001666134FALSE00016661342026-07-312026-07-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________
FORM 8-K
__________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
July 31, 2026
__________________________
BLACKLINE, INC.
(Exact name of registrant as specified in its charter)
__________________________
Delaware001-3792446-3354276
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
21300 Victory Boulevard, 12th Floor
Woodland Hills, California 91367
(Address of principal executive offices) (Zip Code)
(818) 223-9008
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
__________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock, $0.01, par valueBLThe Nasdaq Global Select Market


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


Item 8.01     Other Events
On July 31, 2026, the board of directors (the “Board”) of BlackLine, Inc. (the “Company”) approved an increase to the Company’s stock buyback program (the “Stock Buyback Program”) of an additional $100 million, for a total overall authorization to repurchase up to $600 million of the Company’s common stock. As of August 3, 2026, the Company has repurchased 7.2 million shares, or $327.8 million, under the Stock Buyback Program.
Repurchases may be made from time to time through open market repurchases or through privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. The repurchase program does not obligate the Company to acquire any particular amount of its Class A common stock, and it may be suspended at any time at the Company’s discretion. The timing and actual number of shares repurchased may depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. The Stock Buyback Program may be suspended, terminated, amended or modified by the Board at any time without prior notice, at the Board’s discretion.


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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BLACKLINE, INC.
Date: August 4, 2026By:/s/ Karole Morgan-Prager
Karole Morgan-Prager
Chief Legal and Administrative Officer
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Source: View Original Filing on SEC EDGAR

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