[Form 4] BlackSky Technology Inc. Insider Trading Activity

Rhea-AI Filing Summary

Timothy M. Harvey, a director of BlackSky Technology Inc. (BKSY), was granted 8,625 restricted stock units (RSUs) on 09/11/2025 as part of the company's Outside Director Compensation Policy. Each RSU represents a contingent right to one share of Class A common stock and was awarded at a $0 price. The RSUs vest in full upon the earlier of the one-year anniversary of the award or the Issuer's next annual meeting, subject to Mr. Harvey's continued board service through the applicable vesting date. Following the award, Mr. Harvey beneficially owned 57,444 shares. The Form 4 was signed by Christiana L. Lin as attorney-in-fact on behalf of Mr. Harvey.

Positive

• Director equity award (8,625 RSUs) aligns Mr. Harvey's interests with shareholders by providing equity-based compensation
• Short vesting horizon (earlier of one year or next annual meeting) supports near-term retention and alignment
• Increases insider ownership to 57,444 shares following the award, improving alignment with shareholders

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director equity grant increases insider alignment without cash outlay; modest near-term impact on capitalization.

The filing reports a non-cash grant of 8,625 RSUs to a director under the Outside Director Compensation Policy. Such awards are typical for aligning outside directors with shareholder interests and do not reflect any exercised options or cash purchase. The report shows the award price recorded as $0 and a post-award beneficial ownership of 57,444 shares, indicating the grant is incremental to existing holdings. The vesting schedule—full vesting at the earlier of one year or the next annual meeting—creates a relatively short service-based retention period.

Corporate Governance Expert

TL;DR: Standard governance practice: equity-based director compensation with time-based vesting to retain board members.

The disclosure documents an Outside Director Compensation Policy award consisting of RSUs that vest based on continued service within a one-year horizon or at the next annual meeting. The form is properly filed under Section 16 and executed by an attorney-in-fact, consistent with common administrative practice. There are no remedial or adverse governance signals in the filing; it is a routine compensation disclosure for an independent director role.

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^*

Harvey Timothy 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	57,444	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 Timothy M. Harvey	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 transaction did Timothy M. Harvey report on Form 4 for BKSY?

The Form 4 reports a grant of 8,625 restricted stock units (RSUs) to Timothy M. Harvey on 09/11/2025.

What are the vesting terms for the RSUs awarded to Mr. Harvey?

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

Did Mr. Harvey pay for the awarded RSUs?

The transaction is reported at a $0 price, indicating the RSUs were granted without cash purchase by the reporting person.

How many shares does Mr. Harvey beneficially own after the reported transaction?

Following the award, Mr. Harvey beneficially owns 57,444 shares.

Who signed the Form 4 on behalf of Timothy M. Harvey?

The Form 4 was signed by Christiana L. Lin, attorney-in-fact, on behalf of Timothy M. Harvey on 09/11/2025.