Company: BL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001666134-25-000003
Chunk: 159

Company: BLACKLINE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 159
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 at December 31, 2024198 $60.51 The following table summarizes activity for restricted stock units with performance and service vesting conditions with no grant dates established (in thousands):RestrictedStock UnitsWeighted-AverageGrant DateFair Value(in thousands)Nonvested at December 31, 2023235 N/AGranted (legal grant with no grant date established)147 N/AGranted (accounting grant date established)(133)N/AForfeited/canceled(5)N/ANonvested at December 31, 2024244 N/AAt December 31, 2024, the intrinsic value of performance and service-based nonvested restricted stock units with established grant dates was $12.0 million. At December 31, 2024, total unrecognized compensation cost related to performance and service-based nonvested restricted stock units with established grant dates was $0.8 million and was expected to be recognized over a weighted-average period of 0.2 years.At December 31, 2024, the intrinsic value of performance and service-based nonvested restricted stock units with no grant dates established was $14.8 million.

91

Restricted stock units - market and service conditionsGrants of market and service-based restricted stock units vest subject to the achievement of TSR relative to an industry index over a three-year period. The total fair value of the grants made during the year ended December 31, 2024 was $19.0 million.The following table summarizes activity for restricted stock units with market and service-based conditions:RestrictedStock UnitsWeighted-AverageGrant DateFair Value(in thousands)Nonvested at December 31, 2023— N/AGranted202 $93.89 Vested— N/AForfeited/canceled— N/ANonvested at December 31, 2024202 $93.89 At December 31, 2024, the intrinsic value of market and service-based nonvested restricted stock units was $12.3 million. At December 31, 2024, total unrecognized compensation cost related to market and service-based nonvested restricted stock units was $14.6 million and was expected to be recognized over a weighted-average period of 2.2 years. Employee Stock Purchase PlanUnder the Company’s 2018 Employee Stock Purchase Plan (“ESPP”), eligible employees are granted the right to purchase shares at