Anderson Chad 4

What Happened Chad Anderson, Executive Vice President and Chief Financial Officer of Blackbaud (BLKB), sold 6,205 shares on June 1, 2026 in an open-market transaction at $31.31 per share, generating proceeds of $194,279. This was a sale (not a purchase), which is often routine for insiders and does not by itself indicate a change in view on the company.

Key Details

• Transaction date and price: June 1, 2026 — 6,205 shares sold at $31.31 each.
• Total value: $194,279 (proceeds from the sale).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Anderson on February 27, 2026.
• Filing: Form 4 filed with the SEC on June 3, 2026; no late-filing indication in the report.

Context A Rule 10b5-1 plan is a pre-arranged trading program that allows insiders to sell shares according to a preset schedule or formula; such sales are typically executed regardless of later company developments. Sales are generally less informative than purchases about insider sentiment, and 10b5-1 sales are commonly used for routine liquidity or diversification.