Form 4: BlackSky Director Timothy Harvey Awarded 8,625 RSUs

BlackSky Technology Inc. Director Timothy M. Harvey was granted 8,625 restricted stock units as part of the company's outside director compensation policy.

Summary

• Timothy M. Harvey, a Director of BlackSky Technology Inc. (BKSY), was awarded 8,625 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs).
• The transaction date for this award is September 11, 2025.
• These RSUs were granted at a price of $0, indicating they are compensation.
• Following this transaction, Mr. Harvey beneficially owns 57,444 shares.
• The RSUs are part of the Company's Outside Director Compensation Policy.
• Vesting will occur upon the earlier of the one-year anniversary of the award date or the date of the Issuer's next annual meeting of stockholders, contingent on Mr. Harvey's continued service on the board.

Sentiment

Score: 6

Explanation: Slightly positive as it aligns director interests with shareholders, reflecting standard corporate governance practices for director compensation.

Positives

• The award of Restricted Stock Units (RSUs) to Director Timothy M. Harvey aligns his interests with those of shareholders, as the value of his compensation is tied to the company's stock performance.
• The grant is part of a pre-defined Outside Director Compensation Policy, indicating structured and transparent governance regarding executive and director remuneration.

Risks

• The vesting of the RSUs is contingent on Mr. Harvey's continued service on the Issuer's board of directors, meaning the shares could be forfeited if service ceases before the applicable vesting date.

Future Outlook

The Restricted Stock Units are subject to future vesting conditions, specifically the earlier of the one-year anniversary of the award date or the date of the Issuer's next annual meeting of stockholders, contingent on continued board service.

Management Comments

• The securities are awarded in connection with the Company's Outside Director Compensation Policy.

Industry Context

Granting equity awards like Restricted Stock Units (RSUs) to directors is a common practice across industries, particularly in technology and growth-oriented companies, to attract and retain talent and align leadership interests with long-term shareholder value.

Comparison to Industry Standards

• The practice of compensating outside directors with equity, such as RSUs, is a standard corporate governance practice, comparable to companies like Maxar Technologies (now part of MDA) or Planet Labs, which also utilize equity-based compensation to incentivize directors and align their interests with company performance.
• The vesting schedule, tied to continued service and a one-year anniversary or next annual meeting, is typical for director equity awards, ensuring commitment and long-term perspective.

Corporate Governance

Stakeholder Impact

• Shareholders: Interests are better aligned with the director due to equity ownership, potentially fostering long-term value creation.

Next Steps

• Vesting of the 8,625 Restricted Stock Units upon the earlier of the one-year anniversary of the award date or the next annual meeting of stockholders, subject to continued service.

Key Dates

Keywords

BlackSky Technology Inc., BKSY, Timothy M. Harvey, Director Compensation, Restricted Stock Units, RSUs, Insider Transaction, Equity Award, Corporate Governance