BlackSky (BKSY) director Tolonen takes 894-share stock grant instead of cash pay

Rhea-AI Filing Summary

TOLONEN JAMES R reported acquisition or exercise transactions in this Form 4 filing.

BlackSky Technology Inc. director James R. Tolonen received 894 shares of Class A Common Stock as a stock grant. The shares were issued as compensation in lieu of cash under the company’s Outside Director Compensation Policy for the quarter ended March 31, 2026.

The number of shares was based on the closing market price of BlackSky’s Class A Common Stock on March 31, 2026. Following this grant, Tolonen directly holds 77,041 shares of Class A Common Stock. This is a routine, compensation-related equity award rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider TOLONEN JAMES R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	894	$0.00	--

Holdings After Transaction: Class A Common Stock — 77,041 shares (Direct)

Footnotes (1)

1. These shares represent the Class A Common Stock that the Reporting Person elected to receive in lieu of cash compensation under the Issuer's Outside Director Compensation Policy for the quarter ended March 31, 2026. The number of shares awarded in lieu of cash was calculated based on the closing price of a share of Class A Common Stock on March 31, 2026. 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.

Key Figures

Shares granted: 894 shares Price basis: Closing price on March 31, 2026 Shares after transaction: 77,041 shares +1 more

4 metrics

Shares granted 894 shares Stock compensation in lieu of cash for quarter ended March 31, 2026

Price basis Closing price on March 31, 2026 Used to calculate number of shares awarded instead of cash

Shares after transaction 77,041 shares Director’s direct holdings following the 894-share grant

Cash paid per share $0.0000 per share Indicates a non-cash equity grant, not a market purchase

Key Terms

Outside Director Compensation Policy, RSUs, Class A Common Stock, contingent right

4 terms

Outside Director Compensation Policy financial

"under the Issuer's Outside Director Compensation Policy for the quarter ended March 31, 2026"

RSUs financial

"Certain of these securities are RSUs. Each RSU represents a contingent right"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

Class A Common Stock financial

"These shares represent the Class A Common Stock that the Reporting Person elected to receive"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

contingent right financial

"Each RSU represents a contingent right to receive one share of Class A Common Stock"

Form 4 Insider Transactions: What Each Field Means →

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^*

TOLONEN JAMES R

(Last) (First) (Middle)

C/O BLACKSKY TECHNOLOGY INC.,

2411 DULLES CORNER PARK, SUITE 300

(Street)

HERNDON VIRGINIA 20171

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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

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

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	03/31/2026		A		894(1)	A	$0	77,041(2)	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 shares represent the Class A Common Stock that the Reporting Person elected to receive in lieu of cash compensation under the Issuer's Outside Director Compensation Policy for the quarter ended March 31, 2026. The number of shares awarded in lieu of cash was calculated based on the closing price of a share of Class A Common Stock on March 31, 2026.

2. 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.

Remarks:

	/s/ Christiana L. Lin, attorney-in-fact on behalf of James R. Tolonen	04/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did BlackSky (BKSY) director James R. Tolonen report in this Form 4 filing?

James R. Tolonen reported receiving 894 shares of BlackSky Class A Common Stock as a grant. This award was issued as compensation in lieu of cash for his board service for the quarter ended March 31, 2026.

How many BlackSky (BKSY) shares does James R. Tolonen hold after this transaction?

After the reported grant, James R. Tolonen directly holds 77,041 shares of BlackSky Class A Common Stock. This figure reflects his updated ownership position following the 894-share stock compensation award disclosed in the Form 4 filing.

Was the BlackSky (BKSY) Form 4 transaction an open-market buy or sell?

The transaction was not an open-market buy or sell. It was a grant or award acquisition of 894 shares issued as stock compensation in lieu of cash, under BlackSky’s Outside Director Compensation Policy for the relevant quarter.

How was the number of shares determined for James R. Tolonen’s BlackSky (BKSY) stock grant?

The 894-share grant was calculated using the closing price of BlackSky’s Class A Common Stock on March 31, 2026. This price was applied to convert Tolonen’s quarterly cash director compensation into an equivalent number of shares.

Does the BlackSky (BKSY) Form 4 mention RSUs for director compensation?

Yes. A footnote explains that certain securities are RSUs, each representing a contingent right to receive one share of Class A Common Stock. These RSUs are subject to specified vesting schedules and conditions defined in the applicable award agreements.