BL BLACKLINE, INC.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q2 2026: $43M, Q1 2026: $45M, Q3 2025: $0M, Q2 2025: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $43M vs trailing avg $15M (+186%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-41M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 9,200,000 shares = 15.4% of 59,880,563 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $0M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 659622.0x more than bought. 1 C-suite officers among sellers

• Stalick Michelle D (Chief Accounting Officer) sold 780 shares on 2026-06-01
• Stalick Michelle D (Chief Accounting Officer) sold 459 shares on 2026-05-18
• Stalick Michelle D (Chief Accounting Officer) sold 664 shares on 2025-08-22