Company: BL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001666134-25-000003
Chunk: 158

Company: BLACKLINE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 158
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 stock options granted during the years ended December 31, 2024, 2023, and 2022. The aggregate intrinsic value of options exercised that contain service only vesting conditions during the years ended December 31, 2024, 2023, and 2022 was $14.3 million, $15.2 million, and $13.4 million, respectively. Cash received 

90

from the exercise of stock options for the years ended December 31, 2024, 2023, and 2022 was $7.6 million, $19.8 million, and $4.7 million, respectively.Unrecognized compensation expense relating to stock options that contain service only vesting conditions was $0.3 million at December 31, 2024, which is expected to be recognized over a weighted-average period of 0.6 years.Restricted stock units - service-only vesting conditionsThe following table summarizes activity for restricted stock units that contain service-only vesting conditions:RestrictedStock UnitsWeighted-AverageGrant DateFair Value(in thousands)Nonvested at December 31, 20232,208 $68.82 Granted1,905 $62.87 Vested(1,004)$70.13 Forfeited/canceled(298)$68.11 Nonvested at December 31, 20242,811 $64.40 At December 31, 2024, the intrinsic value of service-based nonvested restricted stock units was $170.8 million. At December 31, 2024, total unrecognized compensation cost related to nonvested restricted stock units was $154.5 million and was expected to be recognized over a weighted-average period of 2.7 years.Restricted stock units - performance and service conditionsGrants of performance and service-based restricted stock units vest over a three-year period. The total fair value of the grants made during the year ended December 31, 2024 was $12.5 million. The following table summarizes activity for restricted stock units with performance and service vesting conditions with grant dates (in thousands):RestrictedStock UnitsWeighted-AverageGrant DateFair Value(in thousands)Nonvested at December 31, 2023113 $67.17 Granted206 $60.43 Performance adjustment(62)$67.17 Vested(51)$67.17 Forfeited/canceled(8)$58.57 Nonvested