The sale represents 8% of the CFO’s direct holdings, reducing his stake to 62,869 shares as BLKB faces a difficult year.
Blackbaud’s Executive VP and CFO, Chad Anderson, sold 6,205 shares of common stock on June 1, 2026, for approximately $194,000, based on a reported price of $31.31 per share. The transaction was disclosed in an SEC Form 4 filing and reflects an open-market sale, with no indirect or derivative holdings involved.
The sale accounted for 8% of Anderson’s direct holdings, lowering his position from 69,074 to 62,869 shares. Blackbaud’s stock has faced challenges in 2026, with the company providing cloud software solutions to nonprofit and mission-driven organizations. The June 1 market close priced the stock at $32.74, slightly above the transaction value.
No immediate market reaction was reported following the filing. The company’s focus remains on integrated SaaS platforms for fundraising, engagement, and financial management in the social good sector.