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 indirect holdings through RRE Ventures IV, L.P.

Summary

• On June 30, 2024, William D. Porteous, a director of BlackSky Technology Inc., reported changes in his beneficial ownership of the company's stock.
• He acquired 21,028 shares of Class A Common Stock in lieu of cash compensation for the quarter ended June 30, 2024, at a price of $0 per share, based on the closing price on June 28, 2024.
• Following the transaction, Porteous directly owns 298,391 shares of Class A Common Stock.
• He also indirectly owns 5,759,049 shares through RRE Ventures IV, L.P., where he is a managing member and officer of the general partner, but disclaims beneficial ownership except to the extent of his pecuniary interest.
• The report was filed on July 1, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing a transaction. The acquisition of shares by a director is mildly positive, suggesting confidence, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

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