Henry Dubois - Jun 10, 2022 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: Jun 10, 2022
Transactions value $: $458,274
Form type: 4
Date filed: 6/15/2022, 07:42 AM
Previous filing: May 12, 2022
Next filing: Jul 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BKSY	Class A Common Stock	Award	$461K	+220K	+73.22%	$2.10	519K	Jun 10, 2022	Direct	F1
transaction	BKSY	Class A Common Stock	Tax liability	-$2.83K	-1.29K	-0.25%	$2.20	518K	Jun 10, 2022	Direct	F2, F3, F4

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	+294K		$0.00	294K	Jun 10, 2022	Class A Common Stock	294K	$2.10	Direct	F5

* 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 restricted stock units are granted pursuant to the BlackSky Technology Inc. 2021 Equity Incentive Plan. The number of restricted stock units 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 June 10, 2022. The restricted stock units will vest as follows: one-fourth (1/4th) of the RSUs will vest on June 10th, 2023, and thereafter, one sixteenth (1/16th) of the total number of RSUs will be scheduled to vest quarterly on the 10th day of the third month of each quarter (March 10, June 10, September 10, December 10), in each case subject to the Reporting Person continuing to be a service provider through the applicable vesting date.
F2	Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting of restricted stock units (RSUs).
F3	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.
F4	The Reporting Person's Form 4 filed on May 12, 2022 inadvertently over-reported the amount of securities beneficially owned.
F5	Each Option represents the right to purchase the underlying securities of the Issuer reported in Table II. The options are granted pursuant to the BlackSky Technology Inc. Equity Incentive Plan. The shares subject to the Option will vest as follows: 25% of the shares subject to the Option will vest on June 10, 2023, and then 1/48th of the shares subject to the Option vest on a monthly basis thereafter, subject to the Reporting Person's continued service to the Issuer through such date.