Blackbaud's CFO Sells Shares

8 hours ago 3

Lawrence Rothman, CFA, The Motley Fool

Mon, June 8, 2026 astatine 7:41 AM CDT 3 min read

This unreality bundle supplier for mission-driven organizations reported a merchantability by its CFO amid a challenging twelvemonth for its stock.

Chad Anderson, Executive VP and CFO of Blackbaud (NASDAQ:BLKB), reported the merchantability of 6,205 shares of communal shares successful an open-market transaction connected June 1, 2026, according to a SEC Form 4 filing.

Transaction summary

Transaction worth based connected SEC Form 4 reported terms ($31.31); post-transaction worth based connected June 1 marketplace adjacent ($32.74).

Key questions

What proportionality of Chad Anderson's nonstop Blackbaud holdings did this merchantability represent?
This disposition accounted for 8% of Anderson's nonstop Common Stock holdings astatine the time, reducing his presumption from 69,074 to 62,869 shares.
Is determination grounds of indirect oregon derivative information successful this transaction?
No indirect oregon derivative holdings were reported successful this filing; some the shares sold and those retained are held straight by Anderson, with nary engagement of trusts, LLCs, oregon options.

Company overview

Company snapshot

Blackbaud is simply a supplier of unreality bundle solutions tailored to the societal gooda sector. The company's strategy centers connected delivering integrated SaaS platforms that alteration nonprofit and mission-driven organizations to negociate fundraising, engagement, and fiscal operations efficiently.

Offers a suite of cloud-based bundle solutions, including fundraising, narration management, marketing, engagement, fiscal management, assistance management, and outgo services for mission-driven organizations.
Generates gross chiefly done subscription-based software-as-a-service (SaaS) offerings and related value-added services, leveraging a nonstop income force.
Serves higher acquisition institutions, K-12 schools, healthcare organizations, religion communities, arts and taste organizations, foundations, and firm societal work programs globally.

What this transaction means for investors

The Blackbaud enforcement conducted his caller merchantability nether a 10b5-1 trading plan. That means these transactions, including the timing, were acceptable nether prearranged terms. Designed to forestall insiders from taking vantage of worldly accusation up of time, by definition, investors can't glean accusation from this benignant of sale.

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