McDearis Kevin, EVP & Chief Technology Officer, has demonstrated a clear selling bias in his transactions involving Blackbaud, Inc. (BLKB), the sole company in his trading history. Over 34 reported transactions, he has sold a total of $2.96 million in BLKB shares while recording no purchases. His recent activity reinforces this trend, with three sales in February 2026, including a single transaction valued at $694,542.04 on February 23, alongside smaller dispositions of $23,308.64 and $121,474.40 in prior months. The majority of his transactions involve stock awards (coded "A") or dispositions (coded "S"), with no open-market buys.
The pattern suggests Kevin has primarily monetized equity compensation rather than accumulating shares. His February 2026 sales, totaling over $786,000 across three transactions, align with his historical disposition activity, which includes multiple six-figure sales in prior years. Notably, his transactions often cluster around late February, coinciding with typical vesting schedules for executive equity awards. While the sales are substantial, they appear systematic rather than concentrated, with no single transaction exceeding $700,000. The absence of buys and the consistency of dispositions indicate a long-term approach to reducing his position in BLKB.
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