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, 2026 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 Approximate dollar value of shares that may yet be purchased under the plans or programs (in thousands) (2) Beginning balance, January 1, 2026 $ 960,569 January 1, 2026 through January 31, 2026 593,647 $ 58.44 593,647 925,875 February 1, 2026 through February 28, 2026 1,079,469 49.02 569,892 898,072 March 1, 2026 through March 31, 2026 437,518 44.81 437,518 878,466 Total 2,110,634 $ 50.80 1,601,057 $ 878,466 (1) Includes 509,577 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 December 2025, our Board of Directors reauthorized, expanded and replenished our stock repurchase program by raising the total capacity under the program to $1.0 billion available for repurchases. The program does not have an expiration date. 40 First Quarter 2026 Form 10-Q Table of Contents Blackbaud, Inc.