BlackSky (BKSY) insider sale of 720 shares for tax withholding on RSU vesting

Rhea-AI Filing Summary

BlackSky Technology Inc. (BKSY) Form 4 summary: The reporting person, Tracy Ward (SVP & Controller and director), reported a non-discretionary sale of 720 shares of Class A common stock on 09/10/2025 at a weighted-average price of $17.45 per share. The filing states the sale was executed solely to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units (RSUs), not a discretionary sale. After the transaction, the reporting person beneficially owned 44,387 shares, held directly. The Form 4 was signed by an attorney-in-fact on behalf of Tracy Ward on 09/15/2025.

Insights

Financial Analyst

TL;DR: A small, routine RSU-related sale to cover taxes; no clear change to insider conviction or control.

The reported sale of 720 shares at $17.45 is described as executed solely to satisfy statutory tax withholding upon RSU vesting, which is a common insider administrative transaction. The remaining direct beneficial ownership of 44,387 shares indicates continued alignment with equity-based compensation, and the transaction size appears immaterial relative to typical insider holdings. There is no indication of discretionary divestiture or material change in ownership or control from this filing.

Corporate Governance Expert

TL;DR: Administrative tax-withholding sale; routine disclosure meets Section 16 reporting requirements.

This Form 4 transparently discloses an RSU withholding sale and is signed by an attorney-in-fact, demonstrating procedural compliance. The explanation clarifies the sale's purpose, reducing the likelihood that it signals insider-driven market timing. From a governance perspective, the filing reflects expected reporting practice for equity compensation events and does not present new governance concerns.

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

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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^*

Ward Tracy

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

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	09/10/2025		S		720(1)	D	$17.45	44,387	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. 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.

Remarks:

	/s/ Christiana L. Lin, attorney-in-fact on behalf of Tracy Ward	09/15/2025
	** 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 Tracy Ward report on the BKSY Form 4?

The filing reports a sale of 720 shares of Class A common stock on 09/10/2025 at a weighted-average price of $17.45.

Why were the 720 shares sold according to the Form 4?

The Form 4 states the shares were sold solely to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).

How many BKSY shares does Tracy Ward beneficially own after the reported transaction?

After the transaction, Tracy Ward beneficially owned 44,387 shares of Class A common stock, held directly.

When was the Form 4 signed and by whom?

The Form 4 was signed on behalf of Tracy Ward by Christiana L. Lin, attorney-in-fact on 09/15/2025.

Does the Form 4 indicate this was a discretionary sale by the insider?

No. The filing explicitly states the sale does not represent a discretionary sale and was to cover tax withholding.