Blackbaud CFO forfeits 986 shares for taxes

BLACKBAUD INC (BLKB) reported that its Executive VP and CFO, serving as the reporting person, had shares of common stock withheld to satisfy tax obligations from vesting equity awards.

Rhea-AI Filing Summary

BLACKBAUD INC (BLKB) reported that its Executive VP and CFO, serving as the reporting person, had shares of common stock withheld to satisfy tax obligations from vesting equity awards. On 2026-08-14 and 2025-08-14, a total of 986 shares of Blackbaud common stock were forfeited back to the company in connection with tax liabilities incurred upon the vesting of restricted stock granted August 13, 2024; these are tax-withholding dispositions rather than open-market sales.

Insider Trade Summary

Tax Withholding: 986 shares

Tax Withholding 2 txns

Insider Anderson Chad

Role Executive VP and CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	589	$46.21	$27K
Tax Withholding	Common Stock F1	397	$63.18	$25K

Holdings After Transaction: Common Stock — 61,883 shares (Direct)

Footnotes (1)

1. F1. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted August 13, 2024.

Key Figures

Shares forfeited for taxes (2026-08-14): 589 shares Per-share value (2026-08-14): $46.21 per share Shares forfeited for taxes (2025-08-14): 397 shares +2 more

5 metrics

Shares forfeited for taxes (2026-08-14) 589 shares Common stock withheld to satisfy tax liabilities upon vesting of restricted stock

Per-share value (2026-08-14) $46.21 per share Value used for 589-share tax-withholding disposition of BLKB common stock

Shares forfeited for taxes (2025-08-14) 397 shares Common stock withheld to satisfy tax liabilities upon vesting of restricted stock

Per-share value (2025-08-14) $63.18 per share Value used for 397-share tax-withholding disposition of BLKB common stock

Total shares forfeited for tax liabilities 986 shares Sum of shares reported under code F across both non-derivative transactions

Key Terms

restricted stock, forfeited, tax liabilities, Rule 10b5-1, +1 more

5 terms

restricted stock financial

"tax liabilities incurred upon the vesting of restricted stock granted August 13, 2024"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

forfeited financial

"Represents shares forfeited to the Issuer in connection with the satisfaction"

tax liabilities financial

"in connection with the satisfaction of tax liabilities incurred upon the vesting"

Rule 10b5-1 regulatory

"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

exercisePriceOrTaxLiabilityShares financial

"exercisePriceOrTaxLiabilityShares": 986"

FAQ

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

What insider transaction did BLKB report for its Executive VP and CFO?

BLACKBAUD INC (BLKB) reported that its Executive VP and CFO had 986 shares of common stock forfeited to the company to cover tax liabilities arising from vesting restricted stock, rather than selling shares in the open market.

How many BLKB shares were withheld for taxes in the latest reported transaction?

On 2026-08-14, the reporting officer had 589 BLKB shares forfeited at an indicative value of $46.21 per share to satisfy tax liabilities from vesting restricted stock granted August 13, 2024.

What prior BLKB tax-withholding transaction did the Form 4 disclose?

The filing also discloses that on 2025-08-14, the same officer had 397 BLKB shares forfeited at $63.18 per share in connection with tax liabilities from the vesting of restricted stock granted August 13, 2024.

Were the BLKB insider transactions open-market sales or tax withholdings?

Both BLKB transactions were reported under code F, meaning they represent payment of tax liability by delivering or withholding securities, not discretionary open-market purchases or sales by the reporting person.

Did the Form 4 for BLKB indicate use of a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is marked false, indicating these BLKB transactions were not affirmatively reported as being executed under a pre-arranged 10b5-1 trading plan.

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

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Accepted by SEC EDGAR 08/18/2026 - 04:22 PM EDT 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^*

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)
08/14/2025

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	08/14/2025		F		397(1)	D	$63.18	62,472	D
Common Stock	08/14/2026		F		589(1)	D	$46.21	61,883	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 shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted August 13, 2024.

Remarks:

	/s/ S. Halle Vakani, Attorney-in-Fact	08/18/2026
	** 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)