BlackSky (NYSE: BKSY) CEO sells shares to cover RSU tax obligations
Rhea-AI Filing Summary
BlackSky Technology CEO Brian O'Toole reported a routine update to his equity holdings. The filing shows a sale of 15,512 shares of Class A Common Stock at $34.10 per share, but a footnote explains these shares were sold solely to cover statutory tax withholding tied to vesting Restricted Stock Units, not as a discretionary trade. After this tax-related sale, he directly holds 1,139,676 Class A shares.
The filing also restates and clarifies vesting schedules for prior RSU and option awards. O'Toole holds stock options granted under the BlackSky Technology Inc. 2021 Equity Incentive Plan, covering 210,834 underlying Class A shares at an exercise price of $9.23, scheduled to expire on March 10, 2035, with vesting beginning in 2026.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 15,512 shares
Net Sell
2 txns
Insider
O'Toole Brian E
Role
CEO and President
Sold
15,512 shs ($529K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 15,512 | $34.10 | $529K |
| holding | Options (Right To Buy) | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,139,676 shares (Direct);
Options (Right To Buy) — 210,834 shares (Direct)
Footnotes (4)
- F1. Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs) and does not represent a discretionary sale by the Reporting Person. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold.
- 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. The Form 4 filed on September 15, 2025 (the "Original Form 4") and the Form 4/A filed on October 17, 2025 (the "Original Form 4/A") erroneously reflected an incorrect vesting schedule. One third (1/3rd) of the RSUs are scheduled to vest on September 10, 2026, and thereafter, one twelfth (1/12th) of the total number of RSUs are scheduled to vest quarterly on the 10th day of the third month of each quarter (March 10, June 10, September 10, December 10), subject to the named executive officer continuing to be a service provider through the applicable vesting date. The Amount of Securities Beneficially Owned Following Reported Transactions represented on the Original Form 4 and the Original Form 4/A was correctly reported.
- F4. This holding report is reflected solely to clarify the vesting schedule set forth in the Form 4 filed on March 12, 2025. Each Option represents a right to purchase the underlying securities of the Issuer reported in Table II. The options are granted pursuant to the BlackSky Technology Inc. 2021 Equity Incentive Plan. The number of options and exercise price for the options 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 March 10, 2025. One third (1/3rd) of the award vests on March 10, 2026, and thereafter, one thirty-sixth (1/36th) of the award vests or is scheduled to 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.
Key Figures
Tax-withholding sale: 15,512 shares
Sale price: $34.10 per share
Post-transaction holdings: 1,139,676 shares
+3 more
6 metrics
Tax-withholding sale
15,512 shares
Class A Common Stock sold to cover RSU taxes
Sale price
$34.10 per share
Weighted-average price for 15,512 shares sold
Post-transaction holdings
1,139,676 shares
Class A Common Stock held directly after sale
Options underlying shares
210,834 shares
Underlying Class A shares for outstanding options
Option exercise price
$9.23 per share
Exercise price for options expiring March 10, 2035
Option expiration
March 10, 2035
Expiration date of option award
Key Terms
Restricted Stock Units (RSUs), statutory tax withholding obligations, vesting schedule, Equity Incentive Plan
4 terms
Restricted Stock Units (RSUs) financial
"in connection with the vesting of Restricted Stock Units (RSUs)"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
statutory tax withholding obligations financial
"shares sold to cover the statutory tax withholding obligations"
vesting schedule financial
"erroneously reflected an incorrect vesting schedule"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
Equity Incentive Plan financial
"granted pursuant to the BlackSky Technology Inc. 2021 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BlackSky (BKSY) report for CEO Brian O'Toole?
BlackSky reported CEO Brian O'Toole sold 15,512 Class A shares at $34.10 each. A footnote states the sale was solely to cover statutory tax withholding from RSU vesting, rather than a discretionary open-market trade, and he remains a large shareholder.
What stock options for BlackSky (BKSY) does the CEO currently hold?
The CEO holds options linked to 210,834 underlying Class A shares with a $9.23 exercise price expiring March 10, 2035. These options were granted under BlackSky’s 2021 Equity Incentive Plan and follow a vesting schedule beginning in March 2026, subject to continued service.
What clarification about RSU vesting did BlackSky (BKSY) provide in this Form 4?
The filing clarifies that one third of certain RSUs vest on September 10, 2026, with the remaining RSUs vesting quarterly in twelfths thereafter. It corrects earlier filings’ vesting schedules while confirming the amount of securities beneficially owned was previously reported correctly.