Jon W. Olson - Mar 6, 2024 Form 4 Insider Report for BLACKBAUD INC (BLKB)

Signature
/s/ Donald R. Reynolds, Attorney-in-Fact
Stock symbol
BLKB
Transactions as of
Mar 6, 2024
Transactions value $
-$518,362
Form type
4
Date filed
3/8/2024, 04:39 PM
Previous filing
Feb 28, 2024
Next filing
May 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLKB Common Stock Sale -$518K -7.2K -16.43% $71.99 36.6K Mar 6, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 21, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $71.4667 to $72.29. 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.