BLKB insider update: 3,400 PRSUs vest, 1,549 shares forfeited

Rhea-AI Filing Summary

Blackbaud (BLKB) reported an insider equity update via an amended Form 4. The company’s EVP and Chief Operating Officer recorded equity changes tied to performance RSUs on 08/05/2025.

On that date, 3,400 shares of common stock were acquired at $0 upon PRSU vesting, following the Compensation Committee’s determination based on performance goals for the period ended December 31, 2024, subject to continued employment. To cover tax liabilities from a separate PRSU vesting, 1,549 shares were forfeited to the issuer at $63.12.

This Form 4/A corrects an earlier filing that had inadvertently reported 928 shares as forfeited. After the reported transactions, the officer beneficially owned 109,985 shares directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Gregoire Kevin P.

Role EVP, Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,400	$0.00	--
Tax Withholding	Common Stock	1,549	$63.12	$98K

Holdings After Transaction: Common Stock — 114,556 shares (Direct)

Footnotes (1)

1. The Compensation Committee determined that a portion of performance restricted stock units ("PRSUs") granted on August 5, 2022 would vest in full on August 5, 2025 based on the Issuer achieving performance goals for the period ended December 31, 2024, subject to continued employment. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted August 5, 2022. The original Form 4 inadvertently reported the number of shares forfeited to be 928. The aggregate number of shares beneficially owned represents the amount after accounting for all of the Reporting Person's transactions that occurred on August 5, 2025.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Gregoire Kevin P.

(Last) (First) (Middle)

65 FAIRCHILD STREET

(Street)

CHARLESTON SC 29492

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKBAUD INC [ BLKB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/07/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/05/2025		A		3,400(1)	A	$0	114,556	D
Common Stock	08/05/2025		F		1,549(2)	D	$63.12	109,985(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Compensation Committee determined that a portion of performance restricted stock units ("PRSUs") granted on August 5, 2022 would vest in full on August 5, 2025 based on the Issuer achieving performance goals for the period ended December 31, 2024, subject to continued employment.

2. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted August 5, 2022. The original Form 4 inadvertently reported the number of shares forfeited to be 928.

3. The aggregate number of shares beneficially owned represents the amount after accounting for all of the Reporting Person's transactions that occurred on August 5, 2025.

Remarks:

	/s/ Donald R. Reynolds, Attorney-in-Fact	11/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Blackbaud (BLKB) disclose in this Form 4/A?

An amended insider transaction: 3,400 shares vested from PRSUs at $0 and 1,549 shares were forfeited to cover taxes, both on 08/05/2025.

Who is the reporting person in the BLKB Form 4/A and what is their role?

An officer of Blackbaud serving as EVP, Chief Operating Officer.

How many shares vested and at what price for BLKB’s COO?

3,400 shares vested at $0 upon PRSU vesting on 08/05/2025.

How many shares were forfeited for taxes and at what price?

1,549 shares were forfeited to the issuer at $63.12 in connection with tax withholding.

What correction does this Blackbaud Form 4/A make?

It corrects a prior report that had inadvertently stated 928 shares were forfeited; the correct figure is 1,549.

How many BLKB shares does the officer own after these transactions?

The officer beneficially owns 109,985 shares directly after the reported transactions.