Kevin P. Gregoire - 13 Feb 2023 Form 4 Insider Report for BLACKBAUD INC (BLKB)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BLKB	Common Stock	Tax liability	$106,777	-1,747	-1.8%	$61.12	95,611	13 Feb 2023	Direct	F1
transaction	BLKB	Common Stock	Tax liability	$87,829	-1,437	-1.5%	$61.12	94,174	13 Feb 2023	Direct	F2
transaction	BLKB	Common Stock	Tax liability	$138,987	-2,274	-2.4%	$61.12	91,900	13 Feb 2023	Direct	F3
transaction	BLKB	Common Stock	Tax liability	$167,469	-2,740	-3%	$61.12	89,160	13 Feb 2023	Direct	F4
transaction	BLKB	Common Stock	Tax liability	$102,132	-1,671	-1.9%	$61.12	87,489	13 Feb 2023	Direct	F5
transaction	BLKB	Common Stock	Tax liability	$80,923	-1,324	-1.5%	$61.12	86,165	13 Feb 2023	Direct	F5
transaction	BLKB	Common Stock	Award	$0	+22,059	+26%	$0.000000	108,224	13 Feb 2023	Direct	F6
transaction	BLKB	Common Stock	Award	$0	+2,886	+2.7%	$0.000000	111,110	13 Feb 2023	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 12, 2019.
F2	Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 12, 2020.
F3	Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of performance restricted stock units ("PRSUs") granted February 12, 2020.
F4	Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 10, 2021.
F5	Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 10, 2021.
F6	Represents a restricted stock award which vests in three equal annual installments beginning on February 13, 2024, subject to continued employment.
F7	The Compensation Committee determined that a portion of PRSUs granted on February 10, 2021 would vest in full on February 13, 2023 based on the Issuer achieving performance goals for the period ended December 31, 2022, subject to continued employment. The remaining PRSUs granted in 2021 will vest dependent on the achievement of performance goals for the period ended December 31, 2023, subject to continued employment.