BlackSky director awarded 750 RSUs in stock grant

BlackSky Technology Inc. director James R. Tolonen reported an equity award of 750 restricted stock units (RSUs) of Class A Common Stock on 12/10/2025.

Rhea-AI Filing Summary

BlackSky Technology Inc. director James R. Tolonen reported an equity award of 750 restricted stock units (RSUs) of Class A Common Stock on 12/10/2025. Each RSU represents the right to receive one share of Class A stock for no cash payment.

The RSUs were granted following a review by the company’s Compensation Committee of Outside Director Compensation. They will vest in full on the earlier of September 11, 2026 or the date of the next annual meeting after the grant date, as long as the outside director continues to serve through that vesting date. After this grant, Tolonen beneficially owns 74,947 shares of Class A Common Stock directly.

Insider Trade Summary

Grant/Award: 750 shares

Grant/Award 1 txn

Insider TOLONEN JAMES R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	750	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 74,947 shares (Direct)

Footnotes (1)

1. F1. 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. These RSUs are awarded in connection with a review conducted by the Company's Compensation Committee of Outside Director Compensation and will vest in full upon the earlier of (i) September 11, 2026 or (ii) the date of the next Annual Meeting following the Transaction Date, subject to the Outside Director remaining a Service Provider through such vesting date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BlackSky (BKSY) report in this Form 4?

The filing reports that outside director James R. Tolonen received an award of 750 restricted stock units (RSUs) of BlackSky Technology Inc. Class A Common Stock on 12/10/2025.

How many BlackSky (BKSY) shares does the director own after this RSU grant?

Following the reported transaction, James R. Tolonen beneficially owns 74,947 shares of BlackSky Technology Inc. Class A Common Stock in direct ownership.

What are the vesting terms of the 750 RSUs reported by BlackSky (BKSY)?

The 750 RSUs will vest in full on the earlier of September 11, 2026 or the date of the next annual meeting following the 12/10/2025 grant date, provided the outside director remains a service provider through that date.

What does each RSU in the BlackSky (BKSY) grant represent?

Each restricted stock unit represents a contingent right to receive one share of BlackSky Technology Inc. Class A Common Stock, subject to the vesting conditions described.

Why were these BlackSky (BKSY) RSUs granted to the director?

The RSUs were awarded in connection with a review by the company’s Compensation Committee of Outside Director Compensation, aligning director compensation with equity in the company.

Is the director’s ownership in BlackSky (BKSY) direct or indirect?

The filing states that the 74,947 shares of Class A Common Stock beneficially owned by James R. Tolonen after the transaction are held in direct ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 12/10/2025 - 04:09 PM Learn about SEC filing dates

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 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)
12/10/2025

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	12/10/2025		A		750(1)	A	$0	74,947	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. These RSUs are awarded in connection with a review conducted by the Company's Compensation Committee of Outside Director Compensation and will vest in full upon the earlier of (i) September 11, 2026 or (ii) the date of the next Annual Meeting following the Transaction Date, subject to the Outside Director remaining a Service Provider through such vesting date.

Remarks:

	/s/ Christiana L. Lin, attorney-in-fact on behalf of James R. Tolonen	12/10/2025
	** 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.
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