Company: BL
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001666134-25-000011
Chunk: 59

Company: BLACKLINE, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 59
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                                     |     | 100%                                               |
| 101.6% and above                           |     | 200%                                               |

The portion of the 2024 PSUs scheduled to vest on February 20, 2027 that is subject to the rTSR metric will be available for vesting based on attainment of that performance measure for the period from January 1, 2024 to December 31, 2026 as follows:

| Percentage Achievement of rTSR target* |     | Percentage of Subject Award Available for Vesting* |
| 25th Percentile                        |     | 50%                                                |
| 55th Percentile                        |     | 100%                                               |
| 75th Percentile and above              |     | 200%                                               |

_________________

* If performance achievement is between the percentage or percentile levels identified above, then the payment percentage with respect to the applicable performance metric is calculated based on a linear interpolation between those levels (rounded to the nearest hundred thousand dollars for ARR achievement or .01% for rTSR achievement).

For purposes of the portion of the 2022 and 2023 PSUs scheduled to vest on February 20, 2025, the financial performance measures had the following meanings:

| Performance Measure       |     | Meaning                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Revenue                   |     | “Revenue” is defined as the sum of the Company’s subscription, support, and professional services revenue; all determined under U.S. GAAP, excluding revenue from acquisitions completed during the Company’s applicable fiscal year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| ARR                       |     | “ARR” is defined as contracted annualized recurring subscription and support revenue. ARR denominated in a currency other than USD shall be revalued using foreign exchange rates as of the balance sheet date for each quarterly reporting period. ARR shall exclude the impact of acquisitions completed during the Company’s applicable fiscal year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Non-GAAP Operating Margin |     | “Non-GAAP Operating Margin” is defined as the Company’s Non-GAAP income from operations divided by its total Revenue.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 “Non-GAAP income from operations” is defined as the Company’s GAAP income (loss) from operations, adjusted for: amortization of intangible assets, stock-based compensation, the change in the fair value of contingent consideration, transaction-related costs, legal settlement gains and costs, restructuring charges, impairment charges related to goodwill, impairment charges related to tangible and intangible assets,