Villanova Patrick 4

What Happened Patrick Villanova, Chief Financial Officer of BlackLine, had 1,759 shares withheld on May 20, 2026 to satisfy tax withholding tied to the vesting of restricted stock units (RSUs). The shares were withheld at $30.84 per share, totaling approximately $54,248. This was an administrative tax-withholding disposition (code F), not an open-market sale or new purchase.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-21 (appears timely).
• Withheld shares: 259, 300, and 1,200 in three reported withholdings — total 1,759 shares.
• Price per share: $30.84; total value of withheld shares ≈ $54,248.
• Reason: Footnote F1 — shares were withheld to cover the Reporting Person’s tax liability on RSU vesting.
• Footnote F2 notes the filing includes 459 shares acquired May 8, 2026 via the company Employee Stock Purchase Plan, an exempt transaction under Rule 16b-3.
• Shares owned after the transaction: not specified in the filing.

Context Tax-withholding by share surrender is a routine administrative step when RSUs vest and is recorded as a disposition (code F) on Form 4. It generally does not indicate a voluntary market sale or a change in insider sentiment.