Blackbaud (BLKB) director sells 1,600 shares at $56.49 in Form 4

Blackbaud Inc. (BLKB) reported an insider stock transaction by a company director.

Rhea-AI Filing Summary

Blackbaud Inc. (BLKB) reported an insider stock transaction by a company director. On 11/21/2025, the director sold 1,600 shares of Blackbaud common stock in an open market transaction coded "S" at a price of $56.49 per share. After this sale, the director directly beneficially owns 6,366 shares of Blackbaud common stock.

Insider Trade Summary

Net Seller: 1,600 shares

Net Sell 1 txn

Insider Hollenbeck Rupal S

Role Director

Sold 1,600 shs ($90K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,600	$56.49	$90K

Holdings After Transaction: Common Stock — 6,366 shares (Direct)

FAQ

What insider transaction did Blackbaud (BLKB) report in this Form 4?

Blackbaud reported that a director sold 1,600 shares of its common stock in a transaction coded "S" on 11/21/2025.

At what price were the Blackbaud (BLKB) shares sold in the reported insider trade?

The director sold the 1,600 shares of Blackbaud common stock at a price of $56.49 per share.

How many Blackbaud (BLKB) shares does the director own after the sale?

Following the reported transaction, the director directly beneficially owns 6,366 shares of Blackbaud common stock.

What is the relationship of the reporting person to Blackbaud (BLKB)?

The reporting person is a director of Blackbaud Inc., as indicated in the filing.

Is this Blackbaud (BLKB) Form 4 filed by one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person, not by a group.

Does this Blackbaud (BLKB) Form 4 report any derivative securities?

The provided table for derivative securities shows column headings only; it does not list any specific derivative transactions in the excerpt.

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Accepted by SEC EDGAR 11/25/2025 - 05:11 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^*

Hollenbeck Rupal S

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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	11/21/2025		S		1,600	D	$56.49	6,366	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:

Remarks:

	/s/ S. Halle Vakani, Attorney-in-Fact	11/25/2025
	** 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.