Blackbaud (BLKB) EVP logs stock sale and PRSU-based share award

Rhea-AI Filing Summary

BLACKBAUD INC EVP, Chief Commercial Officer Benjamin David J reported several equity transactions in company common stock. On February 24, 2026, he executed an open-market sale of 14,349 shares at a weighted average price of $47.4673 per share, leaving 73,124 shares owned directly.

On February 23, 2026, he received a grant/award of 2,767 shares tied to performance restricted stock units granted in 2024, after performance goals were achieved. Also on that date, a total of shares were forfeited to the issuer at $49.13 per share to cover tax liabilities upon vesting of PRSUs and restricted stock.

Insider Trade Summary

Net Seller: 14,349 shares ($681,108)

Net Sell 5 txns

Insider Benjamin David J

Role EVP, Chief Commercial Officer

Sold 14,349 shs ($681K)

Type	Security	Shares	Price	Value
Sale	Common Stock	14,349	$47.4673	$681K
Grant/Award	Common Stock	2,767	$0.00	--
Tax Withholding	Common Stock	1,268	$49.13	$62K
Tax Withholding	Common Stock	1,114	$49.13	$55K
Tax Withholding	Common Stock	2,439	$49.13	$120K

Holdings After Transaction: Common Stock — 73,124 shares (Direct)

Footnotes (1)

1. The Compensation Committee determined that a portion of performance restricted stock units ("PRSUs") granted on February 21, 2024 would vest in full on February 23, 2026 based on the Issuer achieving performance goals for the period ended December 31, 2025, subject to continued employment. The remaining PRSUs granted in 2024 will vest dependent on the achievement of performance goals for the period ended December 31, 2026, subject to continued employment. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 21, 2024. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 21, 2024. This transaction was executed in multiple trades at prices ranging from $47.44 to $47.56. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

Form 4 Insider Transactions: What Each Field Means →

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
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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 SC 29492

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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

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

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

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	02/23/2026		A		2,767(1)	A	$0	92,294	D
Common Stock	02/23/2026		F		1,268(2)	D	$49.13	91,026	D
Common Stock	02/23/2026		F		1,114(2)	D	$49.13	89,912	D
Common Stock	02/23/2026		F		2,439(3)	D	$49.13	87,473	D
Common Stock	02/24/2026		S		14,349	D	$47.4673(4)	73,124	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 a portion of performance restricted stock units ("PRSUs") granted on February 21, 2024 would vest in full on February 23, 2026 based on the Issuer achieving performance goals for the period ended December 31, 2025, subject to continued employment. The remaining PRSUs granted in 2024 will vest dependent on the achievement of performance goals for the period ended December 31, 2026, subject to continued employment.

2. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 21, 2024.

3. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 21, 2024.

4. This transaction was executed in multiple trades at prices ranging from $47.44 to $47.56. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

Remarks:

	/s/ S. Halle Vakani, Attorney-in-Fact	02/25/2026
	** 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.

FAQ

What insider transactions did BLACKBAUD INC (BLKB) report for Benjamin David J?

Benjamin David J reported a mix of sales, awards, and tax-related forfeitures. He sold 14,349 common shares, received 2,767 shares from a performance-based award, and forfeited additional shares back to Blackbaud to cover tax obligations tied to vesting equity awards.

How many BLACKBAUD INC (BLKB) shares did the executive sell and at what price?

The executive sold 14,349 shares of BLACKBAUD INC common stock. The sale occurred on February 24, 2026, at a weighted average price of $47.4673 per share, executed in multiple trades within a narrow intraday range between $47.44 and $47.56.

What equity award did Benjamin David J receive from BLACKBAUD INC (BLKB)?

He received 2,767 shares through a performance-based equity award. The Compensation Committee determined that a portion of performance restricted stock units granted in February 2024 would vest in full on February 23, 2026 after Blackbaud met performance goals for the period ended December 31, 2025.

Why were some BLACKBAUD INC (BLKB) shares forfeited by the executive?

The forfeited shares covered tax liabilities from vesting equity awards. Shares were returned to Blackbaud to satisfy taxes arising from the vesting of performance restricted stock units and separate restricted stock granted on February 21, 2024, rather than the executive paying those taxes in cash.

How many BLACKBAUD INC (BLKB) shares does Benjamin David J hold after these transactions?

After the reported transactions, he directly owns 73,124 shares. That post-transaction balance reflects the open-market sale of 14,349 shares, the 2,767-share performance-based award, and the various tax-withholding forfeitures tied to vesting equity grants.

What performance conditions affected BLACKBAUD INC (BLKB) PRSUs for the executive?

Vesting depended on Blackbaud meeting specified performance goals. A portion of PRSUs granted February 21, 2024 vested in full on February 23, 2026 based on performance through December 31, 2025, while remaining PRSUs depend on goals measured through December 31, 2026 and continued employment.