Form 4: BlackSky Technology CEO Brian O'Toole Reports Changes in Beneficial Ownership
SEC Form 4 Filing
BlackSky Technology CEO Brian O'Toole reports the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On June 10, 2024, Brian E. O'Toole, CEO and President of BlackSky Technology Inc., reported a change in beneficial ownership of Class A Common Stock.
- 12,285 shares were withheld by the issuer to satisfy tax obligations related to the net settlement of vested restricted stock units (RSUs).
- The price per share was $1.07.
- Following the transaction, O'Toole directly owns 4,033,107 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations and does not represent a significant market transaction.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of transaction involving Class A Common Stock. |
| 06/11/2024 | Date of signature for the report. |
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