Henry Dubois - Sep 10, 2023 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: Sep 10, 2023
Transactions value $: -$72,251
Form type: 4
Date filed: 9/13/2023, 09:26 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	+1.38M	+161.76%	$0.00	2.23M	Sep 10, 2023	Direct	F1, F2
transaction	BKSY	Class A Common Stock	Tax liability	-$72.3K	-58.3K	-2.61%	$1.24	2.17M	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	+450K		$0.00	450K	Sep 10, 2023	Class A Common Stock	450K	$1.27	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 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.