Form 4: BlackSky Technology SVP & Controller Reports Routine Stock Transaction for Tax Withholding
Insider Transaction Report
Tracy Ward, SVP & Controller of BlackSky Technology Inc., reported a disposition of 683 shares of Class A Common Stock valued at $12.08 per share, primarily for tax withholding related to vested restricted stock units.
Summary
- Tracy Ward, the Senior Vice President and Controller of BlackSky Technology Inc. (BKSY), filed a Form 4 statement.
- The filing reports a transaction on June 10, 2025, involving the disposition of 683 shares of Class A Common Stock.
- These shares were withheld by BlackSky Technology Inc. to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units (RSUs).
- The reported price for the disposed shares was $12.08 per share.
- Following this transaction, Tracy Ward beneficially owns 34,146 shares of Class A Common Stock, which includes certain Restricted Stock Units (RSUs).
- Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to applicable vesting schedules and conditions.
Sentiment
Score: 5
Explanation: The document reports a routine administrative transaction (tax withholding on RSU vesting) and does not contain information that would significantly alter the company's financial or operational outlook, thus indicating a neutral sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing details a routine insider transaction common across publicly traded companies, where shares are withheld to cover tax obligations upon the vesting of equity awards like Restricted Stock Units (RSUs). It reflects standard compensation practices and compliance with Section 16(a) of the Securities Exchange Act of 1934.
Stakeholder Impact
- Shareholders: This is a routine administrative transaction and is unlikely to have a material impact on the company's share price or shareholder value.
- Employees: The transaction reflects standard equity compensation practices for executives, which is common across many companies.
Key Dates
| Date | Description |
|---|---|
| 06/10/2025 | Date of transaction where shares were disposed for tax withholding. |
| 06/12/2025 | Date the Form 4 was signed by the attorney-in-fact on behalf of Tracy Ward. |
Keywords
BlackSky Technology, BKSY, Form 4, Insider Transaction, Restricted Stock Units, RSU, Tax Withholding, Equity, Stock, Corporate Governance
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