[144] Blackbaud, Inc. SEC Filing

Rhea-AI Filing Summary

Blackbaud, Inc. (BLKB) filed a Form 144 reporting a proposed sale of 2,500 common shares to be executed through Merrill Lynch on the NASDAQ with an aggregate market value of $159,950. The securities were acquired on 08/01/2025 upon the vesting of a stock award from Blackbaud, Inc., and the transaction is described as a compensatory payment. The approximate date of sale is listed as 08/08/2025. The filing also discloses there were no securities sold by the same person in the prior three months and includes the required representation that the seller does not possess undisclosed material adverse information about the issuer.

Insights

Securities Analyst

TL;DR Small, non-cash compensatory sale from a vested stock award with no recent prior sales reported.

The Form 144 documents a proposed disposition of 2,500 common shares valued at $159,950 through Merrill Lynch on NASDAQ, acquired by vesting on 08/01/2025 and planned for sale on 08/08/2025. Because the filing shows the acquisition was a stock-award vesting and no other sales by the person occurred in the past three months, this appears routine and procedural rather than a signal of material change in company fundamentals. Investors should note the broker, share class, and stated acquisition method as part of standard insider transaction monitoring.

Corporate Governance Expert

TL;DR Properly documented compensatory sale with required attestation; no immediate governance red flags from the filing alone.

The notice includes the statutory representation that the seller does not possess undisclosed material adverse information and records the transaction as arising from compensatory vesting. The filing names Merrill Lynch as the executing broker and specifies that no other sales were reported in the prior three months. From a governance and disclosure perspective, the Form 144 meets routine reporting expectations; it does not, by itself, indicate governance concerns or material disclosure issues.

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	2500	159950.00	48509032	08/08/2025	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	08/01/2025	Vesting of a Stock Award	BLACKBAUD INC			2500	08/01/2025	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

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 Blackbaud's (BLKB) Form 144 report?

The Form 144 reports a proposed sale of 2,500 common shares of Blackbaud with an aggregate market value of $159,950, to be sold through Merrill Lynch on NASDAQ.

When were the shares acquired that are being sold in the BLKB Form 144?

The shares were acquired on 08/01/2025 through the vesting of a stock award from Blackbaud, Inc.

What is the approximate sale date and broker listed in the BLKB filing?

The approximate date of sale is listed as 08/08/2025, and the broker named is Merrill Lynch (3455 Peachtree Road NE STE 1000 Atlanta GA 30326).

Did the filer report other sales of Blackbaud securities in the prior three months?

The filing states Nothing to Report for securities sold during the past three months by the person for whose account the securities are to be sold.

How were the shares paid for according to the Form 144?

The filing indicates the nature of payment as a Compensatory Payment, consistent with shares issued upon vesting of a stock award.