[Form 4] BlackSky Technology Inc. Insider Trading Activity

Rhea-AI Filing Summary

Abraham Magid M, a director of BlackSky Technology Inc. (BKSY), reported receipt of 8,625 restricted stock units (RSUs) on 09/11/2025 as director compensation. Each RSU represents a contingent right to one share of Class A common stock and was granted under the companys Outside Director Compensation Policy. Following the award, the reporting person beneficially owns 61,637 shares. The RSUs vest in full on the earlier of the one-year anniversary of the award or the issuers next annual meeting, subject to continued board service. The Form 4 was signed by an attorney-in-fact on behalf of Magid M. Abraham on 09/11/2025.

Positive

• Director alignment with shareholders: Reporting person received equity compensation (8,625 RSUs) that vests into Class A shares, increasing beneficial ownership to 61,637 shares.
• Standard governance treatment: RSUs were granted under the companys Outside Director Compensation Policy with clear, time-based vesting conditions (one-year anniversary or next annual meeting).

Negative

• None.

Insights

Securities Analyst

TL;DR: Director received 8,625 RSUs as routine compensation, increasing beneficial ownership to 61,637 shares.

The filing documents a non-derivative grant of 8,625 restricted stock units to a board director under the Outside Director Compensation Policy. The RSUs convert to Class A common shares on vesting and are subject to a standard service-based vesting condition (earlier of one-year anniversary or next annual meeting). This is a customary, non-cash compensation event that increases insider alignment with shareholders but does not involve cash proceeds or options exercise.

Corporate Governance Expert

TL;DR: Compensation-related equity award with time-based vesting; appears routine and governance-compliant.

The disclosure indicates the award follows the companys Outside Director Compensation Policy and includes typical vesting tied to continued board service. The signature by an attorney-in-fact is noted. There is no indication of accelerated vesting, related-party transactions beyond director status, or derivative instruments. From a governance perspective, this filing reflects standard director equity compensation and increased insider shareholding.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Abraham Magid M

(Last) (First) (Middle)

C/O BLACKSKY TECHNOLOGY INC.,

2411 DULLES CORNER PARK, SUITE 300

(Street)

HERNDON VA 20171

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BlackSky Technology Inc. [ BKSY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/11/2025		A		8,625(1)	A	$0	61,637	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs are awarded in connection with the Company's Outside Director Compensation Policy and will vest in full upon the earlier of the one-year anniversary of the award date or the date of the Issuer's next annual meeting of the stockholders, in each case subject to the Reporting Person's continued service on the Issuer's board of directors through the applicable vesting date.

Remarks:

	/s/ Christiana L. Lin, attorney-in-fact on behalf of Magid M. Abraham	09/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did BlackSky (BKSY) director Abraham Magid report on Form 4?

The director reported receipt of 8,625 restricted stock units (RSUs) on 09/11/2025, increasing beneficial ownership to 61,637 shares.

When do the RSUs granted to Magid vest?

The RSUs vest in full on the earlier of the one-year anniversary of the award or the date of the issuer's next annual meeting of stockholders, subject to continued board service.

Are the reported securities common stock or derivatives?

The reported award is non-derivative: restricted stock units that represent a contingent right to one share of the issuer's Class A Common Stock.

Did the Form 4 indicate any sale or cash proceeds from the transaction?

No. The transaction code shows acquisition of RSUs at a $0 price and there is no sale or cash proceeds reported.

Who signed the Form 4 filing?

The form was signed by Christiana L. Lin, attorney-in-fact, on behalf of Magid M. Abraham on 09/11/2025.