Jana Partners Llc - Dec 21, 2021 Form 4 Insider Report for BlackSky Technology Inc. (BKSY)

Signature
/s/ JANA Partners LLC, by Jennifer Fanjiang, Partner, Chief Legal Officer and Chief Compliance Officer
Stock symbol
BKSY
Transactions as of
Dec 21, 2021
Transactions value $
$0
Form type
4
Date filed
12/23/2021, 03:15 PM
Previous filing
Oct 12, 2021
Next filing
Apr 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKSY Class A Common Stock, par value $0.0001 Award $0 +37.6K +1.32% $0.00 2.88M Dec 21, 2021 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are restricted stock units (RSUs) granted to David DiDomenico, a director of the Issuer and a partner of JANA Partners LLC ("JANA"), a private money management firm and are held by him for the benefit of JANA or have been, or will be, transferred directly to JANA or its affiliate. Each RSU represents a contingent right to receive one share of Class A Common Stock. The restricted stock units are granted pursuant to the BlackSky Technology Inc. 2021 Equity Incentive Plan. The number of restricted stock units was calculated based on the closing price of a share of BlackSky Technology Inc.'s Class A Common Stock on the New York Stock Exchange on December 10, 2021. The restricted stock units will vest in three equal installments on each of December 10, 2022; December 10, 2023; and December 10, 2024, in each case subject to David DiDomenico remaining a director through the applicable vesting date.
F2 The securities reported herein are held by an affiliate of JANA. Barry Rosenstein is the Managing Partner of JANA.
F3 The filing of this statement shall not be deemed an admission that either Reporting Person or Barry Rosenstein is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons and Barry Rosenstein expressly disclaim any beneficial ownership of any of the Issuer's securities reported herein except to the extent of its or his pecuniary interest therein.

Remarks:

This Form 4 is filed jointly by David DiDomenico, a director of the Issuer and JANA. David DiDomenico is a partner of JANA. JANA may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934 by virtue of the fact that Mr. DiDomenico currently serves on the board of directors of the Issuer.