Chad Anderson, Executive VP and CFO of Blackbaud Inc, filed a Form 4 on August 18, 2026, disclosing two disposals of common stock tied to tax withholding on the vesting of restricted stock originally granted August 13, 2024.

Key Highlights

  • First transaction: 397 shares of common stock were forfeited on 08/14/2025 at $63.18 per share, reducing beneficial ownership to 62,472 shares.
  • Second transaction: 589 shares of common stock were forfeited on 08/14/2026 at $46.21 per share, reducing beneficial ownership to 61,883 shares.
  • Transaction code F: Both disposals were coded "F," indicating shares forfeited to the issuer in connection with tax liability satisfaction upon vesting.
  • Source of shares: According to the filing, both transactions represent shares forfeited to satisfy tax liabilities incurred upon the vesting of restricted stock granted August 13, 2024.
  • Direct ownership: All reported beneficial ownership is held directly by the reporting person.
  • Filing party: The form was signed by S. Halle Vakani as Attorney-in-Fact on August 18, 2026.

Blackbaud CFO Chad Anderson: Details of the Two Share Forfeitures

According to the Form 4 filed with the SEC, Chad Anderson, Executive VP and CFO of Blackbaud Inc (NASDAQ:BLKB), reported two separate disposals of common stock, both classified under transaction code "F." The filing explains that these transactions "represent shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted August 13, 2024."

The first forfeiture, dated 08/14/2025, involved 397 shares at a price of $63.18 per share. Following that transaction, the filing reported Anderson's direct beneficial ownership at 62,472 shares. The second forfeiture, dated 08/14/2026, involved 589 shares at $46.21 per share, bringing his directly held beneficial ownership to 61,883 shares. Both ownership figures are reported as direct holdings, with no indirect ownership disclosed in the filing.

No derivative securities transactions were reported in Table II of the filing. The Form 4 was filed by one reporting person and indicates it covers the earliest transaction date of 08/14/2025. The document was executed and signed by S. Halle Vakani, Attorney-in-Fact, on the filed date of August 18, 2026.

What Was Disclosed

The filing disclosed two tax-withholding forfeitures of Blackbaud common stock by CFO Chad Anderson, one on 08/14/2025 (397 shares at $63.18) and one on 08/14/2026 (589 shares at $46.21), both linked to the vesting of restricted stock granted August 13, 2024.