BlackLine (NASDAQ: BL) CFO uses 1,760 shares to cover RSU taxes
Rhea-AI Filing Summary
BLACKLINE, INC. (BL) reported insider activity by Chief Financial Officer Patrick Villanova involving shares of common stock on August 20, 2026. Three transactions using code F disposed of a total of 1,760 shares at $31.92 per share. According to the footnote, these shares were withheld to cover the reporting person's tax liability in connection with the vesting of restricted stock units, rather than sold in open-market transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,760 shares
Net Sell
3 txns
Insider
Villanova Patrick
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 260 | $31.92 | $8K |
| Tax Withholding | Common Stock F1 | 300 | $31.92 | $10K |
| Tax Withholding | Common Stock F1 | 1,200 | $31.92 | $38K |
Holdings After Transaction:
Common Stock — 131,062 shares (Direct)
Footnotes (1)
- F1. The reported shares were withheld to cover the Reporting Person's tax liability in connection with the vesting of restricted stock units.
Key Figures
Total shares withheld: 1,760 shares
Price per share: $31.92 per share
Shares withheld (transaction 1): 260 shares
+2 more
5 metrics
Total shares withheld
1,760 shares
Shares withheld on August 20, 2026 to cover tax liability on RSU vesting
Price per share
$31.92 per share
Valuation used for the August 20, 2026 tax-withholding transactions
Shares withheld (transaction 1)
260 shares
First code F disposition of BLACKLINE, INC. common stock on August 20, 2026
Shares withheld (transaction 2)
300 shares
Second code F disposition of BLACKLINE, INC. common stock on August 20, 2026
Shares withheld (transaction 3)
1,200 shares
Third code F disposition of BLACKLINE, INC. common stock on August 20, 2026
Key Terms
restricted stock units, tax liability, withheld to cover, transaction code F
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"withheld to cover the Reporting Person's tax liability in connection"
withheld to cover financial
"The reported shares were withheld to cover the Reporting Person's tax"
transaction code F financial
"transaction code F described as Payment of tax liability"
FAQ
What insider transaction did BLACKLINE, INC. (BL) disclose for Patrick Villanova?
Patrick Villanova, CFO of BLACKLINE, INC., reported three code F transactions on August 20, 2026 involving common stock. In total, 1,760 shares were withheld to satisfy his tax liability related to the vesting of restricted stock units.
Were the BL insider transactions open-market sales by the CFO?
No. The Form 4 states that the reported shares were withheld to cover the reporting person’s tax liability related to restricted stock unit vesting, which is different from discretionary open-market sales.
What does transaction code F indicate in the BLACKLINE, INC. (BL) Form 4?
Transaction code F denotes payment of tax liability by delivering or withholding securities. In this filing, it reflects shares of BLACKLINE, INC. common stock withheld upon vesting of restricted stock units to satisfy the CFO’s tax obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.