Blackbaud’s CFO Sells Shares

This cloud software program supplier for mission-driven organizations reported a sale by its CFO amid a difficult 12 months for its inventory.

Chad Anderson, Government VP and CFO of Blackbaud (NASDAQ:BLKB), reported the sale of 6,205 shares of widespread shares in an open-market transaction on June 1, 2026, in response to a SEC Kind 4 submitting.

Transaction abstract

Transaction worth based mostly on SEC Kind 4 reported value ($31.31); post-transaction worth based mostly on June 1 market shut ($32.74).

Key questions

• What quantity of Chad Anderson’s direct Blackbaud holdings did this sale characterize?
  This disposition accounted for 8% of Anderson’s direct Widespread Inventory holdings on the time, lowering his place from 69,074 to 62,869 shares.

• Is there proof of oblique or spinoff participation on this transaction?
  No oblique or spinoff holdings have been reported on this submitting; each the shares offered and people retained are held straight by Anderson, with no involvement of trusts, LLCs, or choices.

Firm overview

Firm snapshot

Blackbaud is a supplier of cloud software program options tailor-made to the social gooda sector. The corporate’s technique facilities on delivering built-in SaaS platforms that allow nonprofit and mission-driven organizations to handle fundraising, engagement, and monetary operations effectively.

• Provides a collection of cloud-based software program options, together with fundraising, relationship administration, advertising, engagement, monetary administration, grant administration, and cost providers for mission-driven organizations.

• Generates income primarily via subscription-based software-as-a-service (SaaS) choices and associated value-added providers, leveraging a direct gross sales power.

• Serves greater training establishments, Ok-12 colleges, healthcare organizations, religion communities, arts and cultural organizations, foundations, and company social accountability packages globally.

What this transaction means for traders

The Blackbaud govt performed his current sale beneath a 10b5-1 buying and selling plan. Meaning these transactions, together with the timing, have been set beneath prearranged phrases. Designed to stop insiders from profiting from materials data forward of time, by definition, traders can’t glean data from this sort of sale.

Turning to the inventory’s efficiency, Blackbaud’s returns have been disappointing, to say the least.  Trying on the final 12 months, the shares have misplaced 55.6%. That’s badly trailed main fairness indexes. Throughout this era, the S&P 500 index returned 24.6%, and the tech-heavy Nasdaq Composite had a 32.5% complete return.