Company: BL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001666134-25-000003
Chunk: 157

Company: BLACKLINE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 157
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3$1,562 $7 $1,569 Restructuring charge adjustments were changes in estimates whereby increases and decreases in charges were generally recorded to operating expenses in the periods of adjustments.

Note 13 – Equity Awards

2014 and 2016 PlansOn March 3, 2014, the Company adopted the 2014 Stock Incentive Plan (the “2014 Plan”). In November 2016, upon the completion of the Company’s initial public offering, the Company adopted the 2016 Equity Incentive Plan (the “2016 Plan”) and determined that it will no longer grant any additional awards under the 2014 Plan. However, the 2014 Plan continues to govern the terms and conditions of the outstanding awards previously granted under the 2014 plan. Upon the adoption of the 2016 Plan, the maximum number of shares issuable was 6.2 million, plus a number of shares equal to the number of shares subject to outstanding awards granted under the 2014 Plan after the date the 2014 Plan is terminated without having been exercised in full. The Company’s Board may grant stock options and restricted stock units to employees, directors and consultants under the 2016 Plan. The aggregate number of shares available under the 2016 Plan and the number of shares subject to outstanding options automatically adjusts for any changes in the Company’s outstanding common stock by reason of any recapitalization, spin-off, reorganization, reclassification, stock dividend, stock split, reverse stock split, or similar transaction. Stock options and restricted stock units generally vest over three to four years and have contractual terms of ten years.At December 31, 2024, 20.4 million shares were available for issuance under the 2016 Plan.Stock options - service-only vesting conditionsThe following table summarizes activity for awards that contain service-only vesting conditions:SharesWeighted-AverageExercise PriceWeighted-AverageRemainingContractual TermAggregateIntrinsic Value(in thousands)(in years)(in thousands)Outstanding at December 31, 20231,693 $45.67 4.6$37,077 Exercised(396)$19.61 Forfeited/canceled(60)$107.89 Outstanding at December 31, 20241,237 $50.96 4.1$18,242 Exercisable at December 31, 20241,229 $50.56 There were no