Blackbaud CEO Files Intent to Sell $931k in Stock (BLKB)
BLACKBAUD INC
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Filing Summary
Blackbaud CEO Files Intent to Sell $931k in Stock (BLKB)
Company: BLACKBAUD INC (BLKB) Form: 144 | Filed: 2025-11-04 Significance: Low
Insider: Michael Gianoni Relationship: Officer
Transaction: • Type: Proposed Sale • Shares: 15,000 • Value: ~$930,900 • Price/Share: ~$62.06
Key Insight: The CEO has filed a notice of proposed sale for shares acquired via RSU vesting. The transaction represents a negligible 0.03% of the company's market cap, indicating a routine sale of compensatory stock rather than a significant shift in insider sentiment.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: BLACKBAUD INC (BLKB)
Executive Summary
- Trading Significance: Low
- Key Takeaway: An officer, Michael Gianoni, filed a Form 144 notice of a proposed sale of 15,000 shares of common stock, valued at approximately $930,900. The shares were acquired through the vesting of restricted stock units (RSUs).
- Market Impact: The transaction is considered low significance due to its small size relative to the company's market capitalization and shares outstanding.
Company Information
| Field | Value |
|---|---|
| Company | BLACKBAUD INC |
| Ticker Symbol | BLKB |
| CIK | 0001280058 |
| Industry | SERVICES-PREPACKAGED SOFTWARE |
Insider Information
| Field | Value |
|---|---|
| Name | Michael Gianoni |
| CIK | 0001365837 |
| Title/Position | Not specified |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 144 |
| Transaction Date | 2025-11-04 |
| Transaction Code | S (Sale) |
| Security Type | Common Stock |
| Shares Involved | 15,000 |
| Price Per Share | ~$62.06 |
| Total Value | $930,900 |
| Shares Owned After | Not specified |
| Ownership Type | Not specified |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $930,900 |
| % of Market Cap | 0.030% |
| Shares Transacted | 15,000 |
| % of Shares Outstanding | 0.031% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: With a market cap of $3.08 billion, this $930,900 sale is financially immaterial to the company, representing just 0.03% of its value.
- Transaction Significance: The sale is considered routine. It involves shares acquired as compensation (RSU vesting), and the size of the sale is not large enough to suggest a change in the insider's long-term outlook on the company. Such sales are common for executives to manage personal finances.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.