BlackLine officer has 2,725 shares withheld for taxes
Rhea-AI Filing Summary
BLACKLINE, INC. (BL) reported that officer Morgan-Prager Karole, its Chief Legal and Administrative officer, had shares withheld on August 20, 2026 to satisfy taxes on vested restricted stock units. A total of 2,725 shares of common stock were withheld at $31.92 per share, characterized as a tax-withholding disposition rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 2,725 shares
Tax Withholding
3 txns
Insider
Morgan-Prager Karole
Role
Chief Legal and Administrative
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 778 | $31.92 | $25K |
| Tax Withholding | Common Stock F1 | 884 | $31.92 | $28K |
| Tax Withholding | Common Stock F1 | 1,063 | $31.92 | $34K |
Holdings After Transaction:
Common Stock — 160,209 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
Shares withheld (entry 1): 778 shares
Shares withheld (entry 2): 884 shares
Shares withheld (entry 3): 1,063 shares
+3 more
6 metrics
Shares withheld (entry 1)
778 shares
Code F tax-withholding disposition on August 20, 2026
Shares withheld (entry 2)
884 shares
Code F tax-withholding disposition on August 20, 2026
Shares withheld (entry 3)
1,063 shares
Code F tax-withholding disposition on August 20, 2026
Total shares withheld for tax liability
2,725 shares
ExercisePriceOrTaxLiabilityShares across three Code F transactions
Price per share
$31.92 per share
Applied to each Code F withholding on August 20, 2026
Code F transaction count
3 transactions
Non-derivative tax-withholding dispositions reported in this Form 4
Key Terms
restricted stock units, tax liability, withheld to cover
3 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"
FAQ
What insider transaction did BLACKLINE, INC. (BL) disclose for Morgan-Prager Karole?
BLACKLINE, INC. disclosed that officer Morgan-Prager Karole had 2,725 shares of common stock withheld on August 20, 2026 to cover her tax liability arising from the vesting of restricted stock units, reported as a Code F tax-withholding disposition.
Was the August 20, 2026 BL Form 4 transaction an open-market sale?
No. The BLACKLINE, INC. (BL) Form 4 states the 2,725 shares were withheld to cover tax liability related to vesting restricted stock units, reported under transaction code F. It was not reported as a market purchase or sale.
How many separate tax-withholding entries were reported in this BL Form 4?
The BLACKLINE, INC. (BL) Form 4 shows three non-derivative transactions, each coded F. They cover 778 shares, 884 shares, and 1,063 shares, respectively, all at $31.92 per share, totaling 2,725 shares withheld for tax purposes.
Was the BLACKLINE, INC. (BL) transaction under a Rule 10b5-1 trading plan?
The document-level checkbox for Rule 10b5-1 plans is marked false for this BLACKLINE, INC. (BL) Form 4, and the footnote describes only tax withholding for RSU vesting, not a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.