Blackbaud officer plans $804K stock sale

BLACKBAUD INC (BLKB) has a notice of proposed sale of securities filed for officer Michael Gianoni under Rule 144.

Rhea-AI Filing Summary

BLACKBAUD INC (BLKB) has a notice of proposed sale of securities filed for officer Michael Gianoni under Rule 144. The notice covers the potential sale of 17,000 shares of common stock through Merrill Lynch, with an aggregate market value of $804,449.80 and a stated date of 08/25/2026.

The notice states that BLACKBAUD INC had 45,390,097 shares outstanding of common stock, which is a baseline figure, not the amount being sold. The securities to be sold arise from Blackbaud equity awards, including restricted stock units that vested on 05/01/2021 (8,317 shares), 02/14/2024 (8,641 shares), and 02/18/2025 (42 shares), each described as a compensatory payment from the issuer.

Key Figures

Shares to be sold: 17,000 shares of common stock Aggregate market value: $804,449.80 Shares outstanding: 45,390,097 shares +4 more

7 metrics

Shares to be sold 17,000 shares of common stock Number of shares covered by Michael Gianoni’s Rule 144 notice

Aggregate market value $804,449.80 Aggregate market value of the 17,000 BLACKBAUD INC shares in the notice

Shares outstanding 45,390,097 shares BLACKBAUD INC common shares outstanding stated in the notice

RSU vesting 05/01/2021 8,317 shares Restricted stock units vested on 05/01/2021 as compensatory payment

RSU vesting 02/14/2024 8,641 shares Restricted stock units vested on 02/14/2024 as compensatory payment

RSU vesting 02/18/2025 42 shares Restricted stock units vested on 02/18/2025 as compensatory payment

Form 144 date 08/25/2026 Date associated with the proposed Rule 144 sale

Key Terms

Rule 144, Restricted Stock Unit, Compensatory Payment, Securities To Be Sold, +1 more

5 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock Unit financial

"Common Stock | 05/01/2021 | Restricted Stock Unit Vest | Issuer"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Compensatory Payment financial

"8317 | 05/01/2021 | Compensatory Payment"

Securities To Be Sold financial

"144: Securities To Be Sold Common Stock | 05/01/2021"

Securities Information financial

"144: Securities Information Common Stock | Merrill Lynch"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for BLACKBAUD INC (BLKB)?

The filing discloses that officer Michael Gianoni has notified of a proposed sale under Rule 144 for up to 17,000 shares of BLACKBAUD INC common stock, with an aggregate market value of $804,449.80, through Merrill Lynch, with a stated date of 08/25/2026.

How many BLKB shares are covered by Michael Gianoni’s planned Rule 144 sale?

The notice covers a proposed sale of 17,000 shares of BLACKBAUD INC common stock. These shares are to be sold through Merrill Lynch, with an aggregate market value listed as $804,449.80 in the filing.

What is the aggregate market value of the BLKB shares in this Form 144?

The aggregate market value of the BLACKBAUD INC shares covered by the notice is $804,449.80 for the 17,000 shares of common stock listed for potential sale under Rule 144.

How many BLACKBAUD INC (BLKB) shares were outstanding as stated in the Form 144?

The notice states that BLACKBAUD INC had 45,390,097 shares outstanding of common stock. This figure is provided as context for the issuer’s capital structure and is not the amount being sold.

What is the source of the BLKB shares being sold by Michael Gianoni?

The shares are tied to Blackbaud equity awards. The filing lists restricted stock units that vested on 05/01/2021 (8,317 shares), 02/14/2024 (8,641 shares), and 02/18/2025 (42 shares), each described as a compensatory payment from the issuer.

Which broker is named for the planned sale of BLKB shares in the Form 144?

The planned Rule 144 sale for BLACKBAUD INC shares names Merrill Lynch, located at 200 Park Ave, New York, NY 10166, as the broker handling the proposed sale of 17,000 shares of common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/25/2026 - 04:42 PM EDT Accepted by SEC EDGAR 08/25/2026 - 04:41 PM EDT Learn about SEC filing dates

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	0001365837
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Blackbaud Inc
SEC File Number	001-41527
Address of Issuer	65 Fairchild Street Charleston SOUTH CAROLINA 29492
Phone	843-216-6200
Name of Person for Whose Account the Securities are To Be Sold	Michael Gianoni
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	Officer

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 Stock	Merrill Lynch 200 Park Ave New York NY 10166	17000	804449.8	45390097	08/25/2026	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 Stock	05/01/2021	Restricted Stock Unit Vest	Issuer			8317	05/01/2021	Compensatory Payment
Common Stock	02/14/2024	Restricted Stock Unit Vest	Issuer			8641	02/14/2024	Compensatory Payment
Common Stock	02/18/2025	Restricted Stock Unit Vest	Issuer			42	02/18/2025	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	08/25/2026
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	Michael Gianoni
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)