Form 4: BlackSky Director William D. Porteous Reports Changes in Beneficial Ownership

Director William D. Porteous reports acquisition of BlackSky Class A Common Stock in lieu of cash compensation and adjustments due to a reverse stock split.

Summary

• William D. Porteous, a director of BlackSky Technology Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On September 30, 2024, Porteous acquired 4,746 shares of Class A Common Stock in lieu of cash compensation under the company's Outside Director Compensation Policy.
• The number of shares was calculated based on the closing price of Class A Common Stock on September 30, 2024.
• 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.
• Following the transaction, Porteous directly owns 58,932 shares of Class A Common Stock.
• Porteous also indirectly owns 719,881 shares through RRE Ventures IV, L.P., where he is a managing member and officer of the general partner.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock ownership changes. The director taking stock instead of cash is a mildly positive signal.

Positives

• Director's acquisition of shares in lieu of cash compensation demonstrates confidence in the company's future.

Industry Context

This filing is a routine disclosure related to insider transactions and compensation practices, common in publicly traded companies.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates