[Form 4] BlackSky Technology Inc. Insider Trading Activity

Rhea-AI Filing Summary

BlackSky Technology Inc. Form 4: Director Magid M. Abraham received 1,116 shares of Class A Common Stock on 09/30/2025 as an election to accept equity in place of cash under the company's Outside Director Compensation Policy for the quarter ended September 30, 2025. The award was calculated using the closing price of Class A Common Stock on 09/30/2025 and was recorded as an acquisition (Transaction Code A) at $0 per share for reporting purposes. Following the transaction, the reporting person beneficially owned 62,753 shares. The filing was signed on behalf of Mr. Abraham by Christiana L. Lin, attorney-in-fact, on 10/01/2025.

Insights

Corporate Governance Expert

TL;DR: Routine director equity election; aligns compensation with shareholder interests without cash payout.

This Form 4 documents a standard director election to receive equity instead of cash for board compensation. The filing shows an acquisition of 1,116 Class A shares that increases disclosed beneficial ownership to 62,753 shares. As presented, the transaction follows the issuer's Outside Director Compensation Policy and is recorded as an A-coded acquisition at $0, consistent with in-lieu equity elections where shares replace cash amounts determined by market price on the grant date.

Securities Analyst

TL;DR: Administrative insider filing reflecting compensation share issuance, not a market trade.

The report is a non-derivative acquisition reflecting compensation in shares rather than an open-market purchase or sale. The number of shares (1,116) and post-transaction beneficial ownership (62,753) are disclosed, and the mechanics—calculation based on the closing price on 09/30/2025—are explicitly stated. The Form 4 contains no indications of trading activity outside the compensation election or any change in derivative positions.

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).

1. Name and Address of Reporting Person^*

Abraham Magid M

(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)
09/30/2025

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	09/30/2025		A		1,116(1)	A	$0	62,753	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 September 30, 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 September 30, 2025.

Remarks:

	/s/ Christiana L. Lin, attorney-in-fact on behalf of Magid M. Abraham	10/01/2025
	** 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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