BlackSky Technology Inc. — Director's Dealing 2021

Dec 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BlackSky Technology Inc. (BKSY)
CIK: 0001753539
Period of Report: 2021-12-21

Reporting Person: JANA PARTNERS LLC (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-21	Class A Common Stock, par value $0.0001	A	37641	—	Acquired	2881141	Indirect

Footnotes

F1: These securities are restricted stock units (RSUs) granted to David DiDomenico, a director of the Issuer and a partner of JANA Partners LLC ("JANA"), a private money management firm and are held by him for the benefit of JANA or have been, or will be, transferred directly to JANA or its affiliate. Each RSU represents a contingent right to receive one share of Class A Common Stock. The restricted stock units are granted pursuant to the BlackSky Technology Inc. 2021 Equity Incentive Plan. The number of restricted stock units was calculated based on the closing price of a share of BlackSky Technology Inc.'s Class A Common Stock on the New York Stock Exchange on December 10, 2021. The restricted stock units will vest in three equal installments on each of December 10, 2022; December 10, 2023; and December 10, 2024, in each case subject to David DiDomenico remaining a director through the applicable vesting date.

F2: The securities reported herein are held by an affiliate of JANA. Barry Rosenstein is the Managing Partner of JANA.

F3: The filing of this statement shall not be deemed an admission that either Reporting Person or Barry Rosenstein is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons and Barry Rosenstein expressly disclaim any beneficial ownership of any of the Issuer's securities reported herein except to the extent of its or his pecuniary interest therein.