BlackLine (BL) CTO Jeremy Ung Withholds 2,264 Shares for Taxes

What Happened

• Jeremy Ung, Chief Technology Officer of BlackLine, had 2,264 shares withheld to cover tax withholding related to the vesting of restricted stock units (RSUs). The transactions on 2026-08-20 show 1,388 shares withheld at $31.92 each ($44,305) and 876 shares withheld at $31.92 each ($27,962), for a combined value of roughly $72,267. This is a routine tax-withholding disposition, not an open-market sale intended as an investment decision.

Key Details

• Transaction date: 2026-08-20; Filing date: 2026-08-24 (Form 4 filed covering the Aug 20 report).
• Prices and values: 1,388 shares × $31.92 = $44,305; 876 shares × $31.92 = $27,962; total ≈ $72,267.
• Transaction code: F — shares were withheld to satisfy tax liability on vesting (footnote F1 confirms this).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing timeliness: Form filed Aug 24, 2026; appears to correspond to the Aug 20 transaction and was reported on the Form 4.

Context

• Tax-withholding (F) transactions are common when RSUs vest: the company retains (withholds) shares to cover required taxes rather than selling in the open market. Such dispositions are generally considered routine and do not necessarily signal the insider’s view of the company’s prospects.