BlackLine CFO has 1,759 shares withheld for taxes
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Form Type
4
Rhea-AI Filing Summary
BLACKLINE, INC. Chief Financial Officer Patrick Villanova reported share dispositions that were solely to cover tax obligations on vested restricted stock units. A total of 1,759 common shares were withheld at $30.84 per share for taxes, and he now directly holds 132,822 common shares.
Insider Trade Summary
Exercise Price or Tax Liability: 1,759 shares
Exercise Price or Tax Liability
3 txns
Insider
Villanova Patrick
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 259 | $30.84 | $8K |
| Exercise Price or Tax Liability | Common Stock | 300 | $30.84 | $9K |
| Exercise Price or Tax Liability | Common Stock | 1,200 | $30.84 | $37K |
Holdings After Transaction:
Common Stock — 132,822 shares (Direct)
Footnotes (2)
- F1. The reported shares were withheld to cover the Reporting Person's tax liability in connection with the vesting of restricted stock units.
- F2. Includes 459 shares acquired on May 8, 2026, through the Issuer's Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
Key Figures
Tax-withheld shares: 1,759 shares
Withholding price: $30.84 per share
Post-transaction holdings: 134,322 shares
+1 more
4 metrics
Tax-withheld shares
1,759 shares
Shares withheld on May 20, 2026 to cover tax liability
Withholding price
$30.84 per share
Price used for tax-withholding dispositions on May 20, 2026
Post-transaction holdings
134,322 shares
Direct BlackLine common stock held after reported transactions
ESPP acquisition
459 shares
Shares acquired May 8, 2026 via Employee Stock Purchase Plan
Key Terms
restricted stock units, Employee Stock Purchase Plan, tax liability, Rule 16b-3(d), +1 more
5 terms
restricted stock units financial
"tax liability 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.
Employee Stock Purchase Plan financial
"Includes 459 shares acquired on May 8, 2026, through the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax liability financial
"shares were withheld to cover the Reporting Person's tax liability in connection with the vesting"
Rule 16b-3(d) regulatory
"transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did BlackLine (BL) CFO Patrick Villanova report on this Form 4?
Patrick Villanova reported share dispositions related to tax withholding, not open-market selling. On May 20, 2026, 1,759 BlackLine common shares were withheld at $30.84 per share to satisfy tax liabilities tied to vesting restricted stock units.
Were the BlackLine (BL) CFO’s transactions open-market sales of stock?
No, the transactions were not open-market sales. All reported dispositions were coded “F,” meaning shares were withheld by the company to pay tax liabilities in connection with restricted stock unit vesting, rather than being sold by the CFO in the market.
What does the Form 4 say about the BlackLine (BL) Employee Stock Purchase Plan?
The Form 4 notes that the CFO’s holdings include 459 shares acquired on May 8, 2026 through BlackLine’s Employee Stock Purchase Plan. This acquisition was described as exempt under Rule 16b-3(d) and Rule 16b-3(c), reflecting a routine employee purchase program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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