BLACKBAUD INC 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Issuer Purchases of Equity Securities The following table provides information about shares of common stock acquired or repurchased during the three months ended March 31, 2024 under the stock repurchase program then in effect, as well as common stock withheld by us to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards and units. Period Total number of shares purchased (1) Average price paid per share Total number of shares purchased as part of publicly announced plans or programs (2) Approximate dollar value of shares that may yet be purchased under the plans or programs (in thousands) Beginning balance, January 1, 2024 $ 231,169 January 1, 2024 through January 31, 2024 273,907 $ 83.56 273,907 499,424 February 1, 2024 through February 29, 2024 845,090 72.51 124,901 490,870 March 1, 2024 through March 31, 2024 2,555,403 90.46 2,555,403 259,716 Total 3,674,400 $ 85.82 2,954,211 $ 259,716 (1) Includes 720,189 shares in February withheld by us to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards and units. The level of this acquisition activity varies from period to period based upon the timing of award grants and vesting. (2) In January 2024, our Board of Directors reauthorized, expanded and replenished our stock repurchase program to authorize us to purchase up to $500.0 million of our outstanding shares of common stock. The program does not have an expiration date. First Quarter 2024 Form 10-Q 49 Table of Contents Blackbaud, Inc.