Blackbaud GC acquires 4,888 shares in award

Blackbaud’s SVP and General Counsel received 4,888 performance-based shares from a PRSU vesting that had been omitted from 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 officer Jon W. Olson, SVP and General Counsel, acquired 4,888 shares of common stock on February 19, 2026 through the vesting of performance restricted stock units. This Form 4 amendment corrects a prior filing that inadvertently omitted these PRSUs.

After this vesting, Olson directly holds 58,567 common shares. The PRSUs were part of a grant made on February 19, 2025 that vests in three equal annual installments beginning February 19, 2026, contingent on Blackbaud achieving performance goals for the period ended December 31, 2025. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 4,888 shares

Grant/Award 1 txn

Insider Olson Jon W

Role SVP and General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	4,888	$0.00	$0.00

Holdings After Transaction: Common Stock — 58,567 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 via PRSU vesting: 4,888 shares Holdings after transaction: 58,567 shares Transaction price per share: $0.00 per share +3 more

6 metrics

Shares acquired via PRSU vesting 4,888 shares Performance restricted stock units vested on February 19, 2026

Holdings after transaction 58,567 shares Directly held by Jon W. Olson after February 19, 2026 vesting

Transaction price per share $0.00 per share Compensation-related award of common stock on February 19, 2026

PRSU grant date February 19, 2025 Grant of performance restricted stock units subject to performance goals

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

Vesting schedule Three equal annual installments PRSUs vest annually starting February 19, 2026

Key Terms

performance restricted stock units, vest, annual installments, performance goals

4 terms

performance restricted stock units financial

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

Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.

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.

annual installments financial

"would vest in three equal annual installments beginning on February 19, 2026"

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 disclose in this Form 4/A amendment?

The filing reports that Jon W. Olson, SVP and General Counsel, acquired 4,888 shares of Blackbaud common stock on February 19, 2026 through the vesting of performance restricted stock units that were previously omitted from an earlier Form 4.

How many BLKB shares does Jon W. Olson hold after this transaction?

Following the reported vesting, Jon W. Olson directly holds 58,567 shares of Blackbaud common stock. This figure reflects his direct holdings immediately after the February 19, 2026 PRSU vesting transaction reported in the amendment.

What are the terms of the PRSUs involved in this BLKB Form 4/A?

The footnote states that the performance restricted stock units granted on February 19, 2025 will vest in three equal annual installments beginning February 19, 2026, based on Blackbaud achieving performance goals for the period ended December 31, 2025.

Why was this BLKB Form 4/A filed as an amendment?

The amendment was filed because the Form 4 submitted on February 20, 2026 inadvertently omitted the PRSUs earned on February 19, 2026. This amended report corrects that omission and updates Olson’s directly held share total.

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

No. The filing indicates the Rule 10b5-1 checkbox is not selected, so no Rule 10b5-1 plan is reported for the February 19, 2026 PRSU vesting transaction.

What price per share is reported for the BLKB PRSU vesting?

The transaction lists a price per share of $0.00, reflecting that these 4,888 shares were acquired as a compensation-related award through vesting of performance restricted stock units rather than a market purchase.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Olson Jon W

(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)
	SVP and General Counsel

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		4,888(1)	A	$0	58,567	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/ Donald R. Reynolds, 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)