Blackbaud (BLKB) CFO reports equity award vesting and tax-withholding share forfeitures

Rhea-AI Filing Summary

Blackbaud Inc. Executive VP and CFO Chad Anderson reported multiple equity award transactions in Blackbaud common stock. On February 18 and 19, 2026, he acquired 3,006 and 1,252 shares, respectively, as grant or award acquisitions tied to performance restricted stock units and restricted stock vesting.

On February 19 and 20, 2026, he disposed of several blocks of shares at prices around $49.32–$49.51 per share through tax-withholding dispositions, where shares were forfeited back to the issuer to satisfy tax liabilities from these vestings. Following these transactions, he continued to hold tens of thousands of shares directly.

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

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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^*

Anderson Chad

(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)
	Executive VP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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	02/18/2026		A		3,006(1)	A	$0	73,142	D
Common Stock	02/19/2026		F		1,364(2)	D	$49.51	71,778	D
Common Stock	02/19/2026		A		1,252(3)	A	$0	73,030	D
Common Stock	02/20/2026		F		568(4)	D	$49.32	72,462	D
Common Stock	02/20/2026		F		543(4)	D	$49.32	71,919	D
Common Stock	02/20/2026		F		1,084(5)	D	$49.32	70,835	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. Represents performance restricted stock units ("PRSU") granted on February 18, 2025 that vested in full on February 18, 2026.

2. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 18, 2025.

3. The Compensation Committee determined that a portion of PRSUs granted on February 19, 2025 would vest in full on February 19, 2026 based on the Issuer achieving performance goals for the period ended December 31, 2025, subject to continued employment.

4. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 19, 2025.

5. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 19, 2025.

Remarks:

	/s/ S. Halle Vakani, Attorney-in-Fact	02/20/2026
	** 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).
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FAQ

What insider transactions did Blackbaud (BLKB) CFO Chad Anderson report?

Chad Anderson reported a mix of equity award vestings and tax-withholding dispositions in Blackbaud common stock. He acquired shares through performance-based awards and forfeited shares back to the issuer to cover tax liabilities triggered by those vestings.

How many Blackbaud (BLKB) shares did the CFO acquire through grants or awards?

Chad Anderson acquired 3,006 Blackbaud common shares on February 18, 2026 and 1,252 shares on February 19, 2026 through grant or award acquisitions tied to performance restricted stock units and related equity awards vesting during that period.

What is a tax-withholding disposition in the Blackbaud (BLKB) Form 4?

A tax-withholding disposition occurs when shares are forfeited to the issuer to satisfy tax liabilities from vesting equity awards. In this Form 4, multiple transactions coded “F” reflect shares given back to Blackbaud to cover taxes on vested PRSUs and restricted stock.

At what prices were Blackbaud (BLKB) tax-withholding dispositions reported?

Tax-withholding dispositions were reported at prices around $49.32 and $49.51 per Blackbaud common share. These values are used to determine the value of shares forfeited to the issuer when satisfying tax obligations related to vested equity awards for the CFO.

Did Blackbaud (BLKB) CFO Chad Anderson directly hold the reported shares?

Yes. All transactions in the Form 4 are marked as directly held, with ownership type coded as “D.” After the reported award vestings and tax-withholding forfeitures, Anderson continued to directly own a substantial number of Blackbaud common shares according to the filing’s share-balance figures.

What role did performance restricted stock units play in the BLKB Form 4?

The Form 4 notes performance restricted stock units granted in February 2025 that vested in full in February 2026. Vesting of these PRSUs led to share acquisitions for the CFO and corresponding forfeitures back to Blackbaud to satisfy tax liabilities arising from those awards.