BlackLine CFO Patrick Villanova Exercises Stock Options

What Happened

• Patrick Villanova, Chief Financial Officer of BlackLine, exercised option rights on September 2, 2026. The Form 4 shows 750 shares acquired at a $14.00 strike price (total cost $10,500) and 750 shares disposed at $0.00 (listed as a derivative disposition).
• This was an exercise/conversion of derivatives (option exercise), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-02.
• Acquired: 750 shares @ $14.00 — total exercise cost reported $10,500.
• Disposed: 750 shares @ $0.00 (listed as a derivative disposition).
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: Options vested in four equal annual installments beginning one year after grant, subject to continued service (see F1).
• Filing timeliness: Form filed 2026-09-04 (appears timely under Section 16 two-business-day rule).

Context

• The paired acquisition and $0.00 disposition commonly reflects a share-surrender or cashless-settlement to cover exercise costs or tax withholding; the filing’s entries imply Villanova did not retain additional net shares from this transaction (750 acquired less 750 surrendered = zero net new shares). This is a routine insider option exercise and not an open-market buy or sale.