BlackLine CFO exercises PRSUs, shares withheld for tax

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Form Type

Rhea-AI Filing Summary

BLACKLINE, INC. Chief Financial Officer Patrick Villanova reported equity award activity in company common stock. On February 20, 2026, he acquired shares through the exercise or conversion of performance-based restricted stock units that vested after BlackLine met fiscal 2023, 2024 and 2025 performance targets set at grant.

On the same date, 10,573 shares of common stock were disposed of at $36.15 per share to cover tax liabilities related to the vesting of these performance-based and other restricted stock units, leaving him with 71,192 shares held directly.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Villanova Patrick

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Common Stock	2,395	$36.15	$87K
Exercise	Common Stock	1,307	$36.15	$47K
Exercise	Common Stock	5,238	$36.15	$189K
Exercise Price or Tax Liability	Common Stock	10,573	$36.15	$382K

Holdings After Transaction: Common Stock — 71,192 shares (Direct)

Footnotes (4)

F1. The reported shares relate to the portion of a Performance Based Restricted Stock Unit ("PRSU") granted on March 7, 2023 that has vested based on the Issuer's achievement of certain fiscal 2023 performance targets that were set by the Compensation Committee at the time of grant.
F2. The reported shares relate to the portion of a PRSU granted on March 17, 2024 that has vested based on the Issuer's achievement of certain fiscal 2024 performance targets that were set by the Compensation Committee at the time of grant.
F3. The reported shares relate to the portion of a PRSU granted on April 2, 2025 that has vested based on the Issuer's achievement of certain fiscal 2025 performance targets that were set by the Compensation Committee at the time of grant.
F4. The reported shares were withheld to cover the reporting person's tax liability in connection with the vesting of PRSUs and restricted stock units.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BlackLine (BL) disclose for CFO Patrick Villanova?

BlackLine disclosed that CFO Patrick Villanova reported equity award activity involving company common stock. He exercised performance-based restricted stock units that vested after fiscal performance targets were achieved and had a portion of the resulting shares withheld to satisfy related tax liabilities.

How many BlackLine shares were withheld for taxes in the Villanova Form 4 filing?

The filing shows that 10,573 shares of BlackLine common stock were disposed of at $36.15 per share. According to the footnotes, these shares were withheld specifically to cover Patrick Villanova’s tax liability from the vesting of performance-based and other restricted stock units.

Were BlackLine CFO Patrick Villanova’s transactions open-market buys or sales?

The reported transactions were not open-market trades. They reflect the exercise or conversion of performance-based restricted stock units that vested based on BlackLine’s fiscal performance, and a related tax-withholding disposition where shares were surrendered to satisfy tax obligations, rather than sold in the market.

What performance conditions triggered BlackLine CFO Villanova’s PRSU vesting?

The vested performance-based restricted stock units were granted in March 2023, March 2024, and April 2025. Each award vested based on BlackLine’s achievement of specific fiscal 2023, fiscal 2024, and fiscal 2025 performance targets established by the company’s Compensation Committee at the time of grant.

How many BlackLine shares does CFO Patrick Villanova hold after these transactions?

Following the February 20, 2026 equity award transactions and related tax-withholding disposition, the Form 4 reports that Patrick Villanova directly owns 71,192 shares of BlackLine common stock. This figure reflects his updated direct ownership after the reported award vesting and share withholding for taxes.

What types of equity awards are involved in BlackLine CFO Villanova’s Form 4?

The Form 4 involves performance-based restricted stock units, or PRSUs, and restricted stock units. The footnotes explain that portions of PRSUs granted in 2023, 2024, and 2025 vested upon meeting fiscal performance targets, and some resulting shares were withheld to cover associated tax obligations.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/24/2026 - 05:51 PM EST

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
Estimated average burden
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

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)
02/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/20/2026		M		2,395⁽¹⁾	A	$36.15	75,220	D
Common Stock	02/20/2026		M		1,307⁽²⁾	A	$36.15	76,527	D
Common Stock	02/20/2026		M		5,238⁽³⁾	A	$36.15	81,765	D
Common Stock	02/20/2026		F		10,573⁽⁴⁾	D	$36.15	71,192	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported shares relate to the portion of a Performance Based Restricted Stock Unit ("PRSU") granted on March 7, 2023 that has vested based on the Issuer's achievement of certain fiscal 2023 performance targets that were set by the Compensation Committee at the time of grant.

2. The reported shares relate to the portion of a PRSU granted on March 17, 2024 that has vested based on the Issuer's achievement of certain fiscal 2024 performance targets that were set by the Compensation Committee at the time of grant.

3. The reported shares relate to the portion of a PRSU granted on April 2, 2025 that has vested based on the Issuer's achievement of certain fiscal 2025 performance targets that were set by the Compensation Committee at the time of grant.

4. The reported shares were withheld to cover the reporting person's tax liability in connection with the vesting of PRSUs and restricted stock units.

	/s/ Karole Morgan-Prager, Attorney-in-Fact	02/24/2026
	** 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.

Source: View Original Filing on SEC EDGAR