Form 4: Blackbaud Director Sells 1,800 Shares

A Blackbaud director, Rupal S Hollenbeck, sold 1,800 shares of common stock at a price of $81.72 per share on November 19, 2024.

Summary

• Rupal S Hollenbeck, a director at Blackbaud Inc, sold 1,800 shares of the company's common stock on November 19, 2024.
• The sale was executed at a price of $81.72 per share.
• Following the transaction, Hollenbeck directly owns 6,796 shares of Blackbaud common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company director. It does not inherently suggest positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as they are required by the SEC to disclose changes in beneficial ownership by company insiders.
• The sale of 1,800 shares by a director is not unusual and is within the normal range of insider trading activity.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect on the company's operations or financial health.

Key Dates

Keywords

Blackbaud, Director, Stock Sale, Form 4, Insider Trading, BLKB