Anderson Chad 4

What Happened

Chad Anderson, Executive Vice President and Chief Financial Officer of Blackbaud (BLKB), received equity awards and had a portion of vested shares forfeited to cover tax liabilities. On Feb 13, 2026 and Feb 17, 2026 Anderson was credited a total of 36,382 shares (782 shares on Feb 13 and 35,600 shares on Feb 17) at $0.00 acquisition price. On Feb 17, 2026 a total of 2,222 shares were forfeited (disposed) at $49.08 per share to satisfy tax withholding, representing approximately $109,056 in value.

Key Details

• Transaction dates: Feb 13, 2026 (782 shares awarded/vested); Feb 17, 2026 (35,600 shares awarded; 2,222 shares forfeited for taxes).
• Prices reported: awarded shares $0.00; forfeited/tax-withheld shares $49.08 each (total ~$109,056).
• Shares acquired: 36,382 total shares were acquired via awards/vesting.
• Shares disposed: 2,222 shares were forfeited to the issuer to satisfy tax withholding (not sold on the open market).
• Footnotes: F1 — portion of PRSUs granted 2/13/2023 vested in full based on performance through 12/31/2025, subject to continued employment. F2/F3 — forfeitures represent shares surrendered to satisfy tax liabilities upon vesting of PRSUs and restricted stock. F4 — the 35,600 restricted stock award vests in three equal annual installments beginning Feb 17, 2027, subject to continued employment.
• Shares owned after transaction: Not reported in this Form 4 filing.
• Filing date/timeliness: Form filed 2026-02-18; transactions occurred Feb 13 and Feb 17 — filing appears timely.

Context

These transactions are award vesting and issuer forfeitures for tax withholding, not open-market sales or purchases. The forfeited shares were used to cover tax obligations (a common administrative step on vesting) rather than an active sale that indicates trading intent. The 35,600-share restricted award is subject to future vesting schedule (F4).