[Form 4] BlackLine, Inc. Insider Trading Activity

Rhea-AI Filing Summary

The Form 4 shows that Patrick Villanova, Chief Financial Officer of BlackLine, Inc. (ticker BL), reported three disposition transactions on 08/20/2025 that reduced his direct holdings of Common Stock. The filings list three separate disposition codes (F 220, F 259, F 299) at a price of $52.23 per share. Following the reported transactions, his beneficial ownership totals are shown as 76,288, 76,029, and 75,730 shares on the respective reported lines. The filing explains the shares were withheld to cover the reporting person’s tax liability related to the vesting of restricted stock units (RSUs).

Positive

• None.

Negative

• Reported disposals of common stock by the CFO on 08/20/2025, reducing direct beneficial ownership (shares withheld to cover taxes).

Insights

Financial Analyst

TL;DR: Routine RSU tax-withholding caused small insider share disposals; no new compensation grants or unusual trading reported.

The transactions documented are disposals tied to tax-withholding on vested RSUs rather than open-market selling for cash needs or strategic transactions. Dispositions occurred at $52.23 per share on 08/20/2025 and reduce direct beneficial ownership to the reported levels. For investors, such filings typically reflect standard post-vesting administrative actions and do not by themselves change company fundamentals.

Corporate Governance Expert

TL;DR: Disclosure appears complete for an RSU withholding event and was filed promptly by an officer.

The Form 4 identifies the reporting person as the company CFO and includes an explanatory statement that the shares were withheld to satisfy tax obligations on vested RSUs. The form is signed by an attorney-in-fact and dated 08/21/2025. From a governance and compliance perspective, the filing contains the required elements and does not indicate unreported or atypical insider activity.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Villanova Patrick

(Last) (First) (Middle)

21300 VICTORY BLVD., 12TH FLOOR

(Street)

WOODLAND HILLS CA 91367

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKLINE, INC. [ BL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/20/2025		F		220(1)	D	$52.23	76,288	D
Common Stock	08/20/2025		F		259(1)	D	$52.23	76,029	D
Common Stock	08/20/2025		F		299(1)	D	$52.23	75,730	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported shares were withheld to cover the Reporting Person's tax liability in connection with the vesting of restricted stock units ("RSUs").

	/s/ Karole Morgan-Prager, Attorney-in-Fact	08/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Patrick Villanova report on the Form 4 for BL?

He reported three dispositions of BlackLine common stock on 08/20/2025 at $52.23 per share related to RSU tax withholding.

Why were shares disposed according to the Form 4?

The filing states the shares were withheld to cover the reporting person’s tax liability arising from the vesting of restricted stock units (RSUs).

How many shares does the CFO beneficially own after the transactions?

The report lists direct beneficial ownership figures of 76,288, 76,029, and 75,730 shares on the respective lines following the transactions.

When was the Form 4 filed and who signed it?

The document includes a signature line dated 08/21/2025 signed by an attorney-in-fact, Karole Morgan-Prager.