Form 4: BlackSky CFO Henry Dubois Reports Stock Transactions

Henry Dubois, CFO of BlackSky Technology Inc., reports the sale of shares to cover tax obligations and the acquisition of restricted stock units.

Summary

• On September 10, 2024, Henry Dubois, the CFO of BlackSky Technology Inc., reported transactions involving Class A Common Stock.
• He sold 23,590 shares at $7.19 per share to cover tax withholding obligations related to vesting Restricted Stock Units (RSUs).
• Dubois also acquired 197,072 Restricted Stock Units (RSUs) at $0.
• Following these transactions, Dubois beneficially owns 428,717 shares, including RSUs.
• The reported number of shares has been adjusted to reflect the impact of the issuer's 1-for-8 reverse stock split completed on September 6, 2024.
• The RSUs vest over time, with one-fourth vesting on September 10, 2025, and the remainder vesting quarterly thereafter, subject to continued service.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The RSUs will vest over time, with one-fourth vesting on September 10, 2025, and the remainder vesting quarterly thereafter, subject to continued service.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of key executives.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, but it is primarily related to tax obligations.
• The vesting of RSUs incentivizes the CFO to remain with the company.

Key Dates