BlackSky (BKSY) director James Tolonen takes 1,200 shares as fees

Rhea-AI Filing Summary

BlackSky Technology Inc. director James R. Tolonen reported receiving equity compensation in the form of Class A common stock. On 12/31/2025, he acquired 1,200 shares of Class A Common Stock at a reported price of $0 per share.

These shares were elected in lieu of cash compensation under BlackSky’s Outside Director Compensation Policy for the quarter ended December 31, 2025, with the award size based on the Class A Common Stock closing price on that date. Following this transaction, Tolonen beneficially owned 76,147 Class A Common shares held directly.

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

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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^*

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)
12/31/2025

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	12/31/2025		A		1,200(1)	A	$0	76,147	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 December 31, 2025. 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 December 31, 2025.

Remarks:

	/s/ Christiana L. Lin, attorney-in-fact on behalf of James R. Tolonen	01/02/2026
	** 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.

FAQ

What insider transaction did BlackSky (BKSY) director James R. Tolonen report?

James R. Tolonen reported acquiring 1,200 shares of BlackSky Class A Common Stock on 12/31/2025 as director compensation.

How many BlackSky (BKSY) shares does James R. Tolonen own after this Form 4 filing?

After the reported transaction, James R. Tolonen beneficially owned 76,147 shares of BlackSky Class A Common Stock, held directly.

Was the BlackSky (BKSY) director transaction a purchase for cash or stock compensation?

The transaction reflects stock compensation; Tolonen elected to receive 1,200 shares in lieu of cash under the Outside Director Compensation Policy.

What period of service does this BlackSky (BKSY) stock award to James R. Tolonen cover?

The 1,200-share award represents compensation under the Outside Director Compensation Policy for the quarter ended December 31, 2025.

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

The number of shares awarded in lieu of cash was calculated based on the closing price of BlackSky Class A Common Stock on December 31, 2025.

Is James R. Tolonen a director or officer of BlackSky (BKSY)?

James R. Tolonen is reported as a Director of BlackSky Technology Inc. on the Form 4.