BlackLine director sells 70K shares after option exercise
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
BLACKLINE, INC. (BL) director Therese Tucker reported an option exercise-and-sale transaction. On 2026-08-24 she exercised stock options to acquire a total of 96,560 shares of Common Stock at $14.00 per share, then sold 70,000 shares of Common Stock at a weighted-average price of $31.957 per share. Following these transactions, she reported indirect holdings of Common Stock through multiple trusts, including the Brian and Therese Tucker Charitable Remainder Trust, the Brian and Therese Tucker Living Trust, and several family trusts, with each trust’s post-transaction share balances disclosed.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
14 txns
Insider
Tucker Therese
Role
Director
Sold
70,000 shs ($2.24M)
Approx. gross sale proceeds
$2.24M
Approx. exercise cost
$1.35M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F2 | 70,000 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F2 | 26,560 | $0.00 | $0.00 |
| Exercise | Common Stock | 70,000 | $14.00 | $980K |
| Exercise | Common Stock | 26,560 | $14.00 | $372K |
| Sale | Common Stock F1 | 70,000 | $31.957 | $2.24M |
| holding | Common Stock | -- | -- | -- |
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| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 381,557 shares (Direct);
Common Stock — 100,178 shares (Indirect, Brian and Therese Tucker Charitable Remainder Trust);
Common Stock — 1,509,881 shares (Indirect, Brian and Therese Tucker Living Trust);
Common Stock — 54,074 shares (Indirect, Claire Seimetz 2015 Trust);
Common Stock — 577,200 shares (Indirect, Isaac Tucker 2012 Irrevocable Trust);
Common Stock — 577,200 shares (Indirect, Roseanna Tucker 2012 Irrevocable Trust);
Common Stock — 52,444 shares (Indirect, Tucker Family CLAT);
Common Stock — 874,128 shares (Indirect, Tucker Legacy Trust);
Common Stock — 129,897 shares (Indirect, Tucker Legacy Trust II);
Common Stock — 250,916 shares (Indirect, Tucker Seimetz Safety Net Grat)
Footnotes (2)
- F1. The sale price represents the weighted-average price of shares sold ranging from $31.78 to $32.14 per share, and is rounded to the nearest tenth of a cent. Upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, the reporting person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F2. The options became exercisable based on the following vesting schedule: The shares subject to the option vested in 4 equal, annual installments beginning on the one-year anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.
Key Figures
Shares sold: 70,000 shares of Common Stock
Sale weighted-average price: $31.957 per share
Options exercised (total shares): 96,560 shares of Common Stock
+4 more
7 metrics
Shares sold
70,000 shares of Common Stock
Sale on 2026-08-24 reported by director Therese Tucker
Sale weighted-average price
$31.957 per share
Weighted-average price for 70,000 BL shares sold, with prices from $31.78 to $32.14
Options exercised (total shares)
96,560 shares of Common Stock
Shares acquired via option exercises on 2026-08-24
Option exercise price
$14.00 per share
Exercise price for stock options converted into 96,560 BL shares
Charitable Remainder Trust holdings
100,178 shares of Common Stock
Indirect ownership via Brian and Therese Tucker Charitable Remainder Trust after transactions
Living Trust holdings
1,509,881 shares of Common Stock
Indirect ownership via Brian and Therese Tucker Living Trust after transactions
Tucker Legacy Trust holdings
874,128 shares of Common Stock
Indirect ownership via Tucker Legacy Trust after transactions
Key Terms
Stock Option (Right to Buy), weighted-average price, Charitable Remainder Trust, Irrevocable Trust, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
weighted-average price financial
"The sale price represents the weighted-average price of shares sold"
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
Charitable Remainder Trust financial
"nature_of_ownership: Brian and Therese Tucker Charitable Remainder Trust"
Irrevocable Trust financial
"nature_of_ownership: Isaac Tucker 2012 Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Grantor Retained Annuity Trust financial
"nature_of_ownership: Tucker Seimetz Safety Net Grat"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BL director Therese Tucker report on 2026-08-24?
Therese Tucker exercised options for 96,560 shares of BLACKLINE, INC. Common Stock at $14.00 per share and sold 70,000 shares of Common Stock at a weighted-average price of $31.957 per share on 2026-08-24.
Does the Form 4 indicate any remaining derivative (option) positions for BL?
The filing’s derivative summary shows no remaining derivative positions disclosed in this Form 4. The reported derivative activity relates to the exercise of previously granted stock options for 96,560 shares of Common Stock at $14.00 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
