Blackbaud (BLKB) CEO Michael P. Gianoni Sells 17,000 Shares

What Happened
Michael P. Gianoni, President, CEO and a director of Blackbaud, reported an open-market sale of 17,000 shares on 2026-08-25. The filing reports a weighted average sale price of $47.35, for total proceeds of about $804,984. The sale is coded as S (sale), i.e., a disposition of common stock.

Key Details

• Transaction date: 2026-08-25 (reported on Form 4 filed 2026-08-27; filing appears timely under the 2-business-day Form 4 rule).
• Quantity and price: 17,000 shares sold at a weighted average price of $47.35 (total ≈ $804,984).
• Price range: trades executed at prices from $47.09 to $47.5918; the reported price is a weighted average (Footnote F1).
• Method: Open-market sale (no 10b5-1 plan, tax withholding, or derivative exercise noted in the provided data).
• Shares owned after transaction: Not disclosed in the provided filing details.

Context

• This was a straight sale of existing shares (S = sale). Sales by insiders can be for many reasons (diversification, personal liquidity, planned trading), so they do not alone indicate company performance.
• Purchases generally carry more weight as signals of insider confidence; this filing documents a sale, which is often routine.
• Footnote F1 offers more granular trade details (number of shares and per-trade prices) upon request to the SEC staff, issuer, or a security holder.