Form 4: BlackSky Technology Inc. Director James R. Tolonen Reports Acquisition of Shares in Lieu of Cash Compensation

Director James R. Tolonen acquired 4,746 shares of BlackSky Technology Inc. Class A Common Stock in lieu of cash compensation for the quarter ended September 30, 2024.

Summary

• On September 30, 2024, James R. Tolonen, a director of BlackSky Technology Inc., acquired 4,746 shares of Class A Common Stock.
• The acquisition was made in lieu of cash compensation under the Issuer's Outside Director Compensation Policy for the quarter ended September 30, 2024.
• The number of shares was calculated based on the closing price of Class A Common Stock on September 30, 2024.
• Following the transaction, Tolonen beneficially owns 58,932 shares of Class A Common Stock.
• 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.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, and the director taking shares instead of cash could be interpreted as a slightly positive signal, but it's not a major event.

Positives

• A director taking shares in lieu of cash compensation could be seen as a positive sign of confidence in the company's future.

Industry Context

This filing is a routine disclosure related to insider transactions and compensation practices, common among publicly traded companies. It provides transparency into the actions of company directors.

Related Party Transactions

• The acquisition of shares by James R. Tolonen in lieu of cash compensation is a related party transaction.

Stakeholder Impact

• The transaction has a minor impact on shareholders, as it slightly increases the number of outstanding shares.

Key Dates