Duncan Storm 4

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.