Balaji Saranga 4

What Happened

Balaji Saranga, a director of BlackLine, Inc. (BL), was granted 6,416 restricted stock units (RSUs) on May 7, 2026. The RSUs were reported as an award (code A) with an acquisition price of $0. This is a compensation grant — not an open-market purchase or sale — and does not represent an immediate cash transaction.

Key Details

• Transaction date: May 7, 2026 (reported on Form 4 filed May 8, 2026).
• Transaction type/code: Grant / Award (A).
• Shares awarded: 6,416 RSUs. Acquisition price reported: $0.
• Vesting: RSUs vest in full upon the earlier of the one-year anniversary of the award or the day before the issuer's next annual meeting, subject to continued board service (per filing footnote).
• Reason: Automatic annual RSU award under the Issuer’s Outside Director Compensation Policy.
• Shares owned after transaction: Not specified in the provided filing details.
• Timeliness: Filing was submitted one day after the award date (timely per standard reporting).

Context

This is a routine director compensation award and does not reflect an open-market buy or sale. The economic value of the award depends on BlackLine’s stock price at vesting; the grant itself should be viewed as compensation rather than a signal of insider buying or selling.