Henry Dubois - Mar 10, 2025 Form 4 Insider Report for BlackSky Technology Inc. (BKSY)

Role: Chief Financial Officer
Signature: /s/ Christiana L. Lin, attorney-in-fact on behalf of Henry Dubois
Stock symbol: BKSY
Transactions as of: Mar 10, 2025
Transactions value $: -$77,698
Form type: 4
Date filed: 3/12/2025, 05:04 PM
Previous filing: Dec 13, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BKSY	Class A Common Stock	Award	$0	+94.8K	+22.53%	$0.00	516K	Mar 10, 2025	Direct	F1, F2
transaction	BKSY	Class A Common Stock	Tax liability	-$77.7K	-8.42K	-1.63%	$9.23	507K	Mar 10, 2025	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BKSY	Options (Right To Buy)	Award	$0	+190K		$0.00	190K	Mar 10, 2025	Class A Common Stock	190K	$9.23	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. The RSUs will vest as follows: one-fourth of the RSUs will vest on March 10, 2026, and thereafter, one-sixteenth of the total number of RSUs will vest quarterly on the 10th day of the third month of each quarter (March 10, June 10, September 10, December10), in each case subject to the Reporting Person continuing to be a service provider through the applicable vesting date.
F2	Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
F3	Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units (RSUs) and not a market transaction.
F4	Each Option represents a right to purchase the underlying securities of the Issuer reported in Table II. The options are granted pursuant to the BlackSky Technology Inc. 2021 Equity Incentive Plan. The number of options and exercise price for the options was calculated based on the closing price of a share of BlackSky Technology Inc.'s Class A Common Stock on the New York Stock Exchange on March 10, 2025. The shares subject to the Option will vest as follows: one fourth (1/4th) of the award will vest on the March 10, 2026 and thereafter, one forty-eighth (1/48th) of the award will be scheduled to vest monthly on the 10th day of each month, subject to the Reporting Person continuing to be a service provider through the applicable vesting date.