Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 143

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part II, Item 2
Chunk 143
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Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

Unregistered Sales of Equity Securities

None.

Use of Proceeds

None.

Issuer Purchases of Equity Securities

The following table presents information with respect to our repurchases of common stock during the quarter ended March 31, 2025 (in thousands, except per share data):

PeriodTotal Number of Shares Purchased and Retired(1)Average Price Paid Per Share(2)Total Number of Shares Purchased as Part of Publicly Announced Program(1)Approximate Dollar Value of Shares That May Yet Be Purchased Under Publicly Announced Program(1)January 1 - 31, 2025— $— — $200,000 February 1 - 28, 2025— $— — $200,000 March 1 - 31, 2025920 $49.40 920 $154,548 Total920 920 

(1) On November 17, 2024, our Board authorized the repurchase of up to $200 million of our common stock. The authorization will expire at the end of the first quarter of fiscal year 2027. Repurchases may be made from time to time through open market repurchases or through privately-negotiated transactions subject to market conditions, applicable legal requirements, and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18 of the Securities Exchange Act of 1934, as amended. We may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of our shares under this authorization. The repurchase program does not obligate us to acquire any particular amount of our common stock, and it may be suspended at any time, in our discretion. The timing and actual number of shares repurchased may depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities.

(2) Average price paid per share excludes cash paid for commissions.

Item 5.    Other Information

On March 14, 2025, Michelle Stalick, our Chief Accounting Officer, terminated a “Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408. The arrangement was entered into on June 14, 2024, and was intended to satisfy the affirmative defense in Rule 10b5-1