BlackSky Technology Inc. — Director's Dealing 2022

Jun 15, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BlackSky Technology Inc. (BKSY)
CIK: 0001753539
Period of Report: 2022-06-10

Reporting Person: Dubois Henry Edward (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-10	Class A Common Stock	A	219573	$2.10	Acquired	519437	Direct
2022-06-10	Class A Common Stock	F	1286	$2.20	Disposed	518151	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-10	Options (Right To Buy)	$2.1	A	294228	Acquired	2031-06-10	Class A Common Stock (294228.0)	Direct

Footnotes

F1: These securities are restricted stock units (RSUs). 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 June 10, 2022. The restricted stock units will vest as follows: one-fourth (1/4th) of the RSUs will vest on June 10th, 2023, and thereafter, one sixteenth (1/16th) of the total number of RSUs will be scheduled to vest quarterly on the 10th day of the third month of each quarter (March 10, June 10, September 10, December 10), in each case subject to the Reporting Person continuing to be a service provider through the applicable vesting date.

F2: Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting of restricted stock units (RSUs).

F3: Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.

F4: The Reporting Person's Form 4 filed on May 12, 2022 inadvertently over-reported the amount of securities beneficially owned.

F5: Each Option represents the right to purchase the underlying securities of the Issuer reported in Table II. The options are granted pursuant to the BlackSky Technology Inc. Equity Incentive Plan. The shares subject to the Option will vest as follows: 25% of the shares subject to the Option will vest on June 10, 2023, and then 1/48th of the shares subject to the Option vest on a monthly basis thereafter, subject to the Reporting Person's continued service to the Issuer through such date.