Kevin McDearis - 23 Feb 2026 Form 4 Insider Report for BLACKBAUD INC (BLKB)

Role
EVP & Chief Technology Officer
Signature
/s/ Donald R. Reynolds, Attorney-in-Fact
Issuer symbol
BLKB
Transactions as of
23 Feb 2026
Net transactions value
-$934,416
Form type
4
Filing time
25 Feb 2026, 21:09:57 UTC
Previous filing
20 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
McDearis Kevin EVP & Chief Technology Officer 65 FAIRCHILD STREET, CHARLESTON /s/ Donald R. Reynolds, Attorney-in-Fact 25 Feb 2026 0001836951

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLKB Common Stock Award $0 +2,554 +2.4% $0.000000 107,218 23 Feb 2026 Direct F1
transaction BLKB Common Stock Sale $694,542 -14,974 -14% $46.38 92,244 23 Feb 2026 Direct F2, F3
transaction BLKB Common Stock Sale $23,309 -488 -0.53% $47.76 91,756 23 Feb 2026 Direct F2, F4
transaction BLKB Common Stock Tax liability $56,942 -1,159 -1.3% $49.13 90,597 23 Feb 2026 Direct F5
transaction BLKB Common Stock Tax liability $50,063 -1,019 -1.1% $49.13 89,578 23 Feb 2026 Direct F5
transaction BLKB Common Stock Tax liability $109,560 -2,230 -2.5% $49.13 87,348 23 Feb 2026 Direct F6
* 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 The Compensation Committee determined that a portion of performance restricted stock units ("PRSUs") granted on February 21, 2024 would vest in full on February 23, 2026 based on the Issuer achieving performance goals for the period ended December 31, 2025, subject to continued employment. The remaining PRSUs granted in 2024 will vest dependent on the achievement of performance goals for the period ended December 31, 2026, subject to continued employment.
F2 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 24, 2025.
F3 This transaction was executed in multiple trades at prices ranging from $45.9697 to $46.9074. 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 $47.535 to $48.1018. 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.
F5 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 21, 2024.
F6 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 21, 2024.