Form 4: Blackbaud COO Sells Shares Under Pre-Arranged Trading Plan

Blackbaud's EVP and Chief Operating Officer, Kevin P. Gregoire, sold 8,000 shares of common stock on July 30, 2025, through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Kevin P. Gregoire, Executive Vice President and Chief Operating Officer of Blackbaud Inc. (BLKB), reported the sale of common stock.
• The transactions occurred on July 30, 2025.
• A total of 8,000 shares of common stock were sold across three separate transactions.
• The sales were executed at weighted average prices of $72.1717, $73.3152, and $74.2638 per share.
• These sales were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Gregoire on March 12, 2025.
• Following these transactions, Mr. Gregoire beneficially owns 111,156 shares of Blackbaud common stock.

Sentiment

Score: 5

Explanation: The filing reports a pre-scheduled sale of shares by an executive under a Rule 10b5-1 trading plan, which is a routine disclosure and does not inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Positives

• None identified in this filing.

Negatives

• None identified in this filing beyond the routine disclosure of an executive's stock sale.

Risks

• None identified in this filing.

Future Outlook

This filing is a disclosure of an insider stock transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The reporting person 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.

Industry Context

This Form 4 filing details a routine insider stock transaction and does not provide information relevant to broader industry trends or competitive analysis.

Comparison to Industry Standards

• This filing is a standard disclosure of an insider stock transaction and does not contain information that allows for a comparison to industry-specific financial or operational benchmarks.

Stakeholder Impact

• Shareholders will note the reduction in the EVP and COO's direct beneficial ownership of common stock, which is a routine disclosure for pre-planned sales.

Next Steps

• The reporting person has undertaken to provide full information regarding the number of shares and prices of the transactions upon request.

Key Dates

Recommendation

The filing is a routine disclosure of an executive's pre-scheduled stock sale under a Rule 10b5-1 trading plan. It does not contain new information regarding the company's financial performance, strategic direction, or operational outlook that would warrant a change in investment recommendation. The transaction is a personal financial management event for the executive rather than an indicator of company-specific news.

Keywords

Blackbaud, BLKB, Insider Trading, Form 4, Stock Sale, Executive Compensation, Rule 10b5-1, Kevin P. Gregoire