[144] Blackbaud, Inc. SEC Filing

Rhea-AI Filing Summary

Blackbaud, Inc. (BLKB) Form 144 notice: An officer or other person affiliated with the company reported a proposed sale of 4,000 common shares through Merrill Lynch, valued at $266,445.60, with an approximate sale date of 08/29/2025 on NASDAQ. The shares were acquired on 08/01/2023 via vesting of a stock award from Blackbaud, Inc., and the acquisition was compensatory in nature. The filer reports 48,509,032 shares outstanding, so the proposed sale represents a very small fraction of total shares outstanding. No sales by the filer in the past three months were reported. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Insights

Financial Analyst

TL;DR: Proposed sale of 4,000 shares (~$266k) is immaterial to BLKB's market capitalization and unlikely to move stock price.

This Form 144 documents a planned sale of shares acquired through stock-award vesting. The transaction size equals roughly 0.008% of reported outstanding shares, indicating no material dilution or insider-driven supply shock. For investors, the filing signals an insider liquidity event but not a change in fundamentals. The absence of prior 3-month sales suggests this is an isolated disposal rather than the start of a pattern.

Corporate Governance Expert

TL;DR: The filing reflects routine compliance with Rule 144 for an award-vested sale and includes required attestations.

The notice includes standard attestations about lack of undisclosed material information and references compensatory origin of the shares, which aligns with typical executive or employee stock-award settlements. The involvement of a major broker and the scheduled sale date indicate standard market execution. No governance red flags, unusual aggregation of related-party sales, or indications of material insider trading are apparent from the provided details.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	MERRILL LYNCH 3455 PEACHTREE ROAD NE STE 1000 ATLANTA GA 30326	4000	266445.60	48509032	08/29/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	08/01/2023	VESTING OF A STOCK AWARD	BLACKBAUD, INC.			4000	08/01/2023	COMPENSATORY PAYMENT

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the BLKB Form 144 report say about the proposed sale?

The filing reports a proposed sale of 4,000 common shares valued at $266,445.60 through Merrill Lynch with an approximate sale date of 08/29/2025 on NASDAQ.

How and when were the shares to be sold on the BLKB Form 144 acquired?

The shares were acquired on 08/01/2023 by vesting of a stock award from Blackbaud, Inc., and payment was classified as compensatory.

How significant is the proposed sale relative to BLKB's outstanding shares?

The company reports 48,509,032 shares outstanding; the proposed sale of 4,000 shares represents approximately 0.008% of outstanding shares, which is immaterial.

Does the Form 144 show recent insider sales by this person?

The filing states "Nothing to Report" for securities sold during the past three months, indicating no reported recent sales by the filer.

Who is the broker handling the proposed sale in the Form 144?

The broker named in the filing is Merrill Lynch at the Atlanta address provided in the notice.