Blackbaud (BLKB) general counsel sells 15,000 shares in open market

Rhea-AI Filing Summary

Blackbaud Inc. senior vice president and general counsel Jon W. Olson reported open-market sales of the company’s common stock. He sold 10,000 shares on February 27 at a weighted average price of $48.2268 per share and 5,000 shares on March 3 at a weighted average price of $49.1022 per share. After these transactions, he directly owned 35,939 shares of Blackbaud common stock.

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 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)
	SVP and General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		S		10,000	D	$48.2268(1)	40,939	D
Common Stock	03/03/2026		S		5,000	D	$49.1022(2)	35,939	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. This transaction was executed in multiple trades at prices ranging from $48.13 to $48.43. 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.

2. This transaction was executed in multiple trades at prices ranging from $49.10 to $49.205. 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/ Donald R. Reynolds, Attorney-in-Fact	03/03/2026
	** 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 transaction did Blackbaud (BLKB) report for Jon W. Olson?

Blackbaud reported that Jon W. Olson, its senior vice president and general counsel, sold company common stock in open-market transactions. He executed two sales totaling 15,000 shares and reported the activity through a Form 4 insider trading disclosure.

How many Blackbaud (BLKB) shares did Jon W. Olson sell and on which dates?

Jon W. Olson sold a total of 15,000 Blackbaud common shares. He sold 10,000 shares on February 27 and 5,000 shares on March 3, according to the Form 4 filing’s reported non-derivative common stock transactions.

At what prices did Jon W. Olson sell his Blackbaud (BLKB) shares?

The reported sales used weighted average prices. Jon W. Olson sold 10,000 Blackbaud shares at a weighted average of $48.2268 and 5,000 shares at a weighted average of $49.1022, with both transactions described as open-market sales of common stock.

How many Blackbaud (BLKB) shares does Jon W. Olson own after these sales?

Following the reported transactions, Jon W. Olson directly owns 35,939 shares of Blackbaud common stock. This post-transaction holding reflects his remaining direct ownership after selling a combined 15,000 shares in late February and early March.

What role does Jon W. Olson hold at Blackbaud (BLKB)?

Jon W. Olson serves as Blackbaud’s senior vice president and general counsel. His position is disclosed in the insider report, which identifies him as an officer of the company rather than a director or ten-percent beneficial owner.

What does the Form 4 for Blackbaud (BLKB) indicate about transaction type?

The Form 4 indicates the transactions were open-market sales of non-derivative common stock, coded as “S.” Both entries describe traditional stock sales rather than option exercises or derivative conversions, and they are reported as directly owned shares.