Form 4: Blackbaud Executive VP and CFO Chad Anderson Sells 5,500 Shares
SEC Form 4
Chad Anderson, Executive VP and CFO of Blackbaud Inc., sold 5,500 shares of common stock on May 16, 2025, at a weighted average price of $63.9875.
Summary
- On May 16, 2025, Chad Anderson, the Executive VP and CFO of Blackbaud Inc. (BLKB), sold 5,500 shares of the company's common stock.
- The sale was executed at a weighted average price of $63.9875 per share.
- Following the transaction, Anderson directly owns 35,976 shares of Blackbaud common stock.
- The transaction was executed in multiple trades at prices ranging from $63.85 to $64.155.
Sentiment
Score: 5
Explanation: Neutral. This is a standard disclosure of an insider stock sale, with no inherent positive or negative implications.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some investors, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Date of stock sale transaction |
| 05/20/2025 | Date of signature on the Form 4 filing |
Keywords
Blackbaud, BLKB, Chad Anderson, Executive VP, CFO, Stock Sale, Form 4, Insider Trading
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