Brian E. O'Toole - Sep 10, 2023 Form 4 Insider Report for BlackSky Technology Inc. (BKSY)

Role
CEO and President, Director
Signature
/s/ Christiana L. Lin, attorney-in-fact on behalf of Brian E. OToole
Stock symbol
BKSY
Transactions as of
Sep 10, 2023
Transactions value $
-$146,997
Form type
4
Date filed
9/13/2023, 09:48 PM
Previous filing
Jun 14, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BKSY Class A Common Stock Award $0 +1.53M +54.82% $0.00 4.33M Sep 10, 2023 Direct F1, F2
transaction BKSY Class A Common Stock Tax liability -$147K -119K -2.74% $1.24 4.21M Sep 11, 2023 Direct 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 +900K $0.00 900K Sep 10, 2023 Class A Common Stock 900K $1.27 Direct F4

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 September 10, 2024, 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, December 10), 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 RSUs and not a market transaction.
F4 The shares subject to the option will vest as follows: one-third of the award will vest on September 10, 2024 and thereafter, one thirty-sixth of the award will 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.