Duncan Storm 4
4 · BLACKLINE, INC. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
BlackLine (BL) Director Duncan Storm Receives RSU Award
What Happened
- Duncan Storm, newly appointed director of BlackLine, received an initial grant of 922 restricted stock units (RSUs) on March 11, 2026. The reported acquisition price is $0.00 because this was a compensation award (transaction code A), not a market purchase or sale. The Form 4 was filed on March 26, 2026.
Key Details
- Transaction date: 2026-03-11; Form 4 filed: 2026-03-26 (filing was delayed due to procedural EDGAR access code issues).
- Grant: 922 RSUs at $0.00 (award). Each RSU represents a contingent right to one share upon settlement.
- Vesting: 100% of the RSUs vest the day prior to BlackLine's next annual stockholder meeting, subject to continued service.
- Shares owned after transaction: not disclosed in the filing.
- Filing timeliness: late (reporting delay explained in footnote F1).
Context
- This is a typical outside-director compensation grant under BlackLine’s Outside Director Compensation Policy (footnote F2). RSUs are awards, not purchases, so they don’t signal an immediate cash investment by the insider; they convert to common shares only upon settlement and after vesting conditions are met. The delay in filing was procedural and disclosed by the reporting person.
Insider Transaction Report
Form 4
Duncan Storm
Director
Transactions
- Award
Common Stock
[F1][F2][F3]2026-03-11+922→ 922 total
Footnotes (3)
- [F1]This Form 4 reports an initial grant of restricted stock units to Mr. Duncan following his appointment to the Issuer's board of directors on March 11, 2026. The filing was delayed due to a procedural delay in Mr. Duncan receiving the requisite EDGAR access codes from the SEC. This Form 4 was filed promptly upon receipt of the codes.
- [F2]Represents an initial stock unit ("RSU") award issued pursuant to the Issuer's Outside Director Compensation Policy.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. 100% of the RSUs will vest the day prior to the Issuer's next annual stockholder meeting, subject to the reporting person's continued service through the applicable vesting date.
Signature
/s/ Karole Morgan-Prager, Attorney-in-Fact|2026-03-26