Michael P. Gianoni - Mar 7, 2024 Form 4 Insider Report for BLACKBAUD INC (BLKB)

Signature
/s/ Donald R. Reynolds, Attorney-in-Fact
Stock symbol
BLKB
Transactions as of
Mar 7, 2024
Transactions value $
-$1,216,131
Form type
4
Date filed
3/11/2024, 06:02 PM
Previous filing
Feb 28, 2024
Next filing
May 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLKB Common Stock Sale -$397K -5.36K -1.28% $74.05 413K Mar 7, 2024 Direct F1, F2
transaction BLKB Common Stock Sale -$390K -5.26K -1.27% $74.21 408K Mar 8, 2024 Direct F1, F3
transaction BLKB Common Stock Sale -$429K -5.8K -1.42% $74.02 402K Mar 11, 2024 Direct F1, F4
* 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 7, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $74.00 to $74.30. 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.
F3 This transaction was executed in multiple trades at prices ranging from $74.00 to $74.6094. 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.
F4 This transaction was executed in multiple trades at prices ranging from $74.00 to $74.06. 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.