Blackbaud CFO sells 6,205 shares at $31.31

BLACKBAUD INC Executive VP and CFO Chad Anderson sold 6,205 shares of Common Stock in an open-market transaction at $31.31 per share.

Rhea-AI Filing Summary

BLACKBAUD INC Executive VP and CFO Chad Anderson sold 6,205 shares of Common Stock in an open-market transaction at $31.31 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 27, 2026. After this transaction, he directly holds 62,869 shares of Blackbaud stock.

Insights

Equity Compensation & Insider Trading Analyst

CFO’s 6,205-share 10b5-1 sale appears routine given remaining holdings.

Executive VP and CFO Chad Anderson executed an open-market sale of 6,205 shares of BLACKBAUD INC Common Stock at $31.31 per share. This is a straightforward sale of existing shares, with no derivatives exercised in this filing.

The filing notes the sale was effected under a Rule 10b5-1 trading plan adopted on February 27, 2026. Such plans are pre-arranged and executed automatically, which typically makes the timing less informative about the insider’s short-term view of the stock.

Following the transaction, Anderson directly holds 62,869 shares. Given that the sale represents a modest portion of his reported stake and no large derivative positions are shown, this looks like routine portfolio management rather than a thesis-changing move for investors.

Insider Trade Summary 10b5-1

Net Seller: 6,205 shares

Net Sell 1 txn

Insider Anderson Chad

Role Executive VP and CFO

Sold 6,205 shs ($194K)

Type	Security	Shares	Price	Value
Sale	Common Stock	6,205	$31.31	$194K

Holdings After Transaction: Common Stock — 62,869 shares (Direct)

Footnotes (1)

1. F1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 27, 2026.

Key Figures

Shares sold: 6,205 shares Sale price: $31.31 per share Shares held after sale: 62,869 shares +2 more

5 metrics

Shares sold 6,205 shares Open-market sale of Common Stock

Sale price $31.31 per share Price for 6,205-share sale

Shares held after sale 62,869 shares Direct holdings post-transaction

Transaction date June 1, 2026 Date of reported sale

Transaction code S Sale in open market or private transaction

Key Terms

Rule 10b5-1 trading plan, open-market sale, Common Stock, Form 4

4 terms

Rule 10b5-1 trading plan regulatory

"This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 27, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title": "Common Stock""

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Blackbaud (BLKB) CFO Chad Anderson report in this Form 4?

Chad Anderson reported selling 6,205 shares of Blackbaud Common Stock in an open-market transaction at $31.31 per share. The filing shows this as a routine sale, with no option exercises or derivative conversions included in the reported activity.

How many Blackbaud (BLKB) shares did the CFO sell and at what price?

The CFO sold 6,205 shares of Blackbaud Common Stock at $31.31 per share. This was an open-market sale coded as a standard disposition, according to the Form 4 transaction data provided in the filing details.

How many Blackbaud (BLKB) shares does the CFO hold after this transaction?

After the sale, Chad Anderson directly holds 62,869 shares of Blackbaud Common Stock. This post-transaction figure comes from the Form 4 and reflects his remaining direct ownership stake following the 6,205-share open-market sale.

Was the Blackbaud (BLKB) CFO’s stock sale under a Rule 10b5-1 plan?

Yes. A footnote states the sale was effected under a Rule 10b5-1 trading plan adopted on February 27, 2026. Such pre-arranged plans typically automate trades over time, reducing the significance of any single trade’s timing.

Does this Blackbaud (BLKB) Form 4 involve any stock option exercises?

No. The Form 4 shows only a non-derivative open-market sale of Common Stock and lists no derivative transactions. There are no option exercises, conversions, or other derivative-related activities reported in this specific filing for Chad Anderson.

Is the Blackbaud (BLKB) CFO’s share sale considered a direct ownership transaction?

Yes. The filing classifies the transaction as direct ownership, coded with ownership type "D". This indicates the 6,205 shares sold and the remaining 62,869 shares are held directly by Chad Anderson, rather than through an intermediary entity.

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

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Accepted by SEC EDGAR 06/03/2026 - 04:45 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).

X

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^*

Anderson Chad

(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)
	Executive VP and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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	06/01/2026		S(1)		6,205	D	$31.31	62,869	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 sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 27, 2026.

Remarks:

	/s/ S. Halle Vakani, Attorney-in-Fact	06/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)