Blackbaud CCO awarded 8,472 shares in PRSUs

EVP and Chief Commercial Officer Benjamin David J received 8,472 performance-based shares as part of a PRSU award vesting after Blackbaud met 2025 performance goals.

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 and Chief Commercial Officer Benjamin David J acquired 8,472 shares of common stock on February 19, 2026 through a grant/award at a stated price of $0.00 per share, bringing his directly held stake to 103,285 shares immediately after the transaction.

The shares reflect performance restricted stock units (PRSUs) from an award granted on February 19, 2025 that began vesting in three equal annual installments on February 19, 2026, based on Blackbaud achieving performance goals for the period ended December 31, 2025. The amendment corrects an earlier Form 4 that omitted these earned PRSUs, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 8,472 shares

Grant/Award 1 txn

Insider Benjamin David J

Role EVP, Chief Commercial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	8,472	$0.00	$0.00

Holdings After Transaction: Common Stock — 103,285 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

Shares acquired: 8,472 shares Price per share: $0.00 per share Shares held after transaction: 103,285 shares +3 more

6 metrics

Shares acquired 8,472 shares Common stock granted/awarded on February 19, 2026

Price per share $0.00 per share Grant/award acquisition of 8,472 shares on February 19, 2026

Shares held after transaction 103,285 shares Directly held by Benjamin David J immediately following February 19, 2026 transaction

PRSUs vesting installments 3 equal annual installments PRSUs granted February 19, 2025 vest beginning February 19, 2026

Performance period end date December 31, 2025 Period over which performance goals were measured for the 2025 PRSU grant

Original PRSU grant date February 19, 2025 Grant date for performance restricted stock units that began vesting in 2026

Key Terms

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

4 terms

performance restricted stock units ("PRSUs") financial

"performance restricted stock units ("PRSUs") granted on February 19, 2025 would vest"

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 ("PRSUs") granted"

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.

performance goals financial

"based on the Issuer achieving performance goals for the period ended December 31, 2025"

Performance goals are specific, measurable targets a company sets for financial results, operational milestones, or individual roles—examples include revenue, profit, production levels, or completion of a project. They matter to investors because meeting or missing these targets influences management pay, future forecasts, deal-related payments and market confidence; think of them as a scoreboard that helps outsiders judge whether the business is performing as promised.

FAQ

What insider transaction did BLKB report for EVP Benjamin David J on February 19, 2026?

Blackbaud reported that EVP and Chief Commercial Officer Benjamin David J acquired 8,472 shares of common stock on February 19, 2026 via a grant/award transaction, increasing his directly held position to 103,285 shares immediately after the transaction.

How many BLKB shares does Benjamin David J hold after this Form 4/A transaction?

Immediately after the reported transaction, Benjamin David J directly held 103,285 shares of Blackbaud common stock. This figure includes the 8,472 shares acquired through the performance restricted stock unit grant vesting on February 19, 2026.

What is the nature of the 8,472 BLKB shares reported in this Form 4/A?

The 8,472 shares are from performance restricted stock units (PRSUs) granted on February 19, 2025. The Compensation Committee determined these PRSUs would vest in three equal annual installments beginning February 19, 2026, subject to performance goals for the period ended December 31, 2025.

Why is this BLKB filing labeled as a Form 4/A amendment?

It is an amendment because it corrects a Form 4 filed on February 20, 2026 that inadvertently omitted the PRSUs earned on February 19, 2026. The aggregate directly held shares reported now reflect holdings immediately following the corrected transaction.

Was the BLKB insider transaction under a Rule 10b5-1 trading plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the transaction was made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.

What performance period determined vesting of the BLKB PRSUs granted in 2025?

The Compensation Committee states that vesting of the PRSUs granted on February 19, 2025 was based on Blackbaud achieving performance goals for the period ended December 31, 2025.

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

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Available on EDGAR 09/04/2026 - 07:08 PM Accepted by SEC EDGAR 09/04/2026 - 07:07 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^*

Benjamin David J

(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 Commercial 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		8,472(1)	A	$0	103,285	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)