Blackbaud CTO acquires 7,820-share stock award

Blackbaud EVP & CTO Kevin McDearis reports a vested PRSU award of 7,820 shares, correcting an earlier Form 4.

This filing corrects an earlier one, and you can read the original Form 4 if you want to see what changed.

Rhea-AI Filing Summary

BLACKBAUD INC (BLKB) reports that EVP & Chief Technology Officer Kevin McDearis acquired 7,820 shares of common stock on February 19, 2026 through the vesting of performance restricted stock units (PRSUs) at $0.00 per share. After this grant/award acquisition, he directly holds 117,271 shares of Blackbaud common stock.

The PRSUs were originally granted on February 19, 2025 and were structured to vest in three equal annual installments beginning February 19, 2026, contingent on Blackbaud achieving performance goals for the period ended December 31, 2025. This Form 4/A amends a prior filing that had inadvertently omitted these earned PRSUs.

Insider Trade Summary

Grant/Award: 7,820 shares

Grant/Award 1 txn

Insider McDearis Kevin

Role EVP & Chief Technology Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	7,820	$0.00	$0.00

Holdings After Transaction: Common Stock — 117,271 shares (Direct)

Footnotes (1)

1. F1. The Compensation Committee determined that performance restricted stock units ("PRSUs") granted on February 19, 2025 would vest in three equal annual installments beginning on February 19, 2026, based on the Issuer achieving performance goals for the period ended December 31, 2025.

Key Figures

PRSUs vested into common stock: 7,820 shares Price per share for vested PRSUs: $0.00 per share Shares held after transaction: 117,271 shares +2 more

5 metrics

PRSUs vested into common stock 7,820 shares Grant/award acquisition on February 19, 2026

Price per share for vested PRSUs $0.00 per share Reported for the 7,820-share acquisition on February 19, 2026

Shares held after transaction 117,271 shares Directly owned by Kevin McDearis following the February 19, 2026 transaction

Original PRSU grant date February 19, 2025 PRSUs scheduled to vest in three equal annual installments

Performance period end date December 31, 2025 Period for which performance goals applied to the PRSUs

Key Terms

performance restricted stock units ("PRSUs"), vest, Compensation Committee

3 terms

performance restricted stock units ("PRSUs") financial

"The Compensation Committee determined that performance restricted stock units ("PRSUs") granted"

vest financial

"PRSUs granted on February 19, 2025 would vest in three equal annual installments"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Compensation Committee financial

"The Compensation Committee determined that performance restricted stock units"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

FAQ

What insider transaction did BLKB disclose for Kevin McDearis in this Form 4/A?

Blackbaud disclosed that EVP & Chief Technology Officer Kevin McDearis acquired 7,820 shares of common stock on February 19, 2026 via the vesting of performance restricted stock units (PRSUs), at a reported price of $0.00 per share.

How many BLKB shares does Kevin McDearis hold after this PRSU vesting?

Following the February 19, 2026 PRSU vesting, Kevin McDearis directly holds 117,271 shares of Blackbaud common stock, as reported in the amended Form 4/A.

What performance period governed the PRSUs that vested for BLKB’s Kevin McDearis?

The PRSUs that vested for Kevin McDearis were based on Blackbaud achieving performance goals for the period ended December 31, 2025, as determined by the Compensation Committee.

When were the PRSUs originally granted to BLKB executive Kevin McDearis?

The performance restricted stock units (PRSUs) were originally granted to Kevin McDearis on February 19, 2025, with vesting in three equal annual installments starting February 19, 2026.

Why is this BLKB Form 4/A an amendment?

This Form 4/A is an amendment because the Form 4 filed on February 20, 2026 inadvertently omitted the 7,820 PRSUs earned on February 19, 2026; the amendment corrects that omission and updates the direct share holdings.

Was the BLKB PRSU vesting for Kevin McDearis reported under a Rule 10b5-1 plan?

No. The filing indicates the Rule 10b5-1 checkbox is not selected, and no footnote states that the transaction was made pursuant to a Rule 10b5-1 trading plan.

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

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Available on EDGAR 09/04/2026 - 07:09 PM Accepted by SEC EDGAR 09/04/2026 - 07:08 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McDearis Kevin

(Last) (First) (Middle)

65 FAIRCHILD STREET

(Street)

CHARLESTON SOUTH CAROLINA 29492

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BLACKBAUD INC [ BLKB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
02/20/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/19/2026		A		7,820(1)	A	$0	117,271	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Compensation Committee determined that performance restricted stock units ("PRSUs") granted on February 19, 2025 would vest in three equal annual installments beginning on February 19, 2026, based on the Issuer achieving performance goals for the period ended December 31, 2025.

Remarks:

This amendment corrects the Form 4 filed on February 20, 2026, which inadvertently omitted the PRSUs earned on February 19, 2026. The aggregate number of shares directly held by the reporting person as reported herein reflects the number of shares held immediately following the transaction reported herein.

	/s/ S. Halle Vakani, Attorney-in-Fact	09/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)