Blackbaud (BLKB) CEO sells 17,000 shares, still holds 423K

Rhea-AI Filing Summary

BLACKBAUD INC (BLKB) reported that President and CEO, and director, Michael P. Gianoni sold 17,000 shares of common stock on 2026-08-25 in an open market or private transaction. The weighted average sale price was about $47.35 per share, and his directly held stake after this sale is 423,264 shares.

The sale was executed in multiple trades at prices ranging from $47.09 to $47.5918 per share, with the reported price representing a weighted average over those trades.

Insider Trade Summary

Net Seller: 17,000 shares

Net Sell 1 txn

Insider Gianoni Michael P

Role President and CEO

Sold 17,000 shs ($805K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1	17,000	$47.352	$805K

Holdings After Transaction: Common Stock — 423,264 shares (Direct)

Footnotes (1)

1. F1. This transaction was executed in multiple trades at prices ranging from $47.09 to $47.5918. 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.

Key Figures

Shares sold: 17,000 shares Weighted average sale price: $47.352 per share Sale price range: $47.09 to $47.5918 per share +1 more

4 metrics

Shares sold 17,000 shares Common stock sale by Michael P. Gianoni on 2026-08-25

Weighted average sale price $47.352 per share Weighted average price for the 17,000 shares sold on 2026-08-25

Sale price range $47.09 to $47.5918 per share Price range for multiple trades included in the reported sale

Shares owned after transaction 423,264 shares Directly held BLKB common stock by Michael P. Gianoni after the sale

Key Terms

weighted average price, open market or private transaction, Common Stock

3 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open market or private transaction financial

"transaction code description "Sale in open market or private transaction""

Common Stock financial

"security_title "Common Stock" for the reported transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

What insider transaction did BLKB disclose in this Form 4?

BLKB disclosed that President and CEO Michael P. Gianoni sold 17,000 shares of Blackbaud common stock on 2026-08-25 in an open market or private transaction at a weighted average price of $47.352 per share.

How many BLKB shares does Michael P. Gianoni own after this sale?

After the reported sale, Michael P. Gianoni directly owns 423,264 shares of Blackbaud common stock, as stated in the Form 4 following the transaction on 2026-08-25.

At what prices were the BLKB shares sold in this transaction?

The 17,000 BLKB shares were sold in multiple trades at prices ranging from $47.09 to $47.5918 per share. The $47.352 price reported is a weighted average of those individual trades.

What role does the reporting person hold at BLKB?

The reporting person, Michael P. Gianoni, is identified as both a director and an officer of Blackbaud, serving as the company’s President and CEO at the time of the reported transaction.

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

The Form 4 indicates the Rule 10b5-1 checkbox as not affirmed (false), and the footnote does not state that the sale was made pursuant to a Rule 10b5-1 trading plan.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/27/2026 - 04:06 PM Accepted by SEC EDGAR 08/27/2026 - 04:05 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^*

Gianoni Michael P

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2026

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)

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	08/25/2026		S		17,000	D	$47.352(1)	423,264	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 $47.09 to $47.5918. 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	08/27/2026
	** 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)