Tracy Ward - Aug 10, 2022 Form 3 Insider Report for BlackSky Technology Inc. (BKSY)

Role: Principal Accounting Officer
Signature: /s/ Christiana L. Lin, attorney-in-fact on behalf of Tracy Ward
Stock symbol: BKSY
Transactions as of: Aug 10, 2022
Transactions value $: $0
Form type: 3
Date filed: 8/10/2022, 05:43 PM
Next filing: Sep 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BKSY	Class A Common Stock						77.5K	Aug 10, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BKSY	Options (Right To Buy)							Aug 10, 2022	Class A Common Stock	20.4K	$0.01	Direct	F2
holding	BKSY	Options (Right To Buy)							Aug 10, 2022	Class A Common Stock	67.3K	$0.01	Direct	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). 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. 2014 Equity Incentive Plan ("the 2014 Plan"). The restricted stock units will vest as follows: one-half (1/2) of the RSUs will vest on March 8, 2022, and thereafter, one sixteenth (1/16th) of the total number of RSUs will be scheduled to vest quarterly on the 10th day of the third month of each quarter (March 10, June 10, September 10, December 10), in each case subject to the Reporting Person continuing to be a service provider through the applicable vesting date.
F2	Each Option represents a right to purchase the underlying securities of the Issuer reported in Table II. The options are granted pursuant to the 2014 Plan. The shares subject to the Option will vest as follows: one fourth (1/4th) of the award vested on April 1, 2020 and thereafter, one forty-eighth (1/48th) of the award are scheduled to vest monthly on the 1st day of each month, subject to the Reporting Person continuing to be a service provider through the applicable vesting date.
F3	Each Option represents a right to purchase the underlying securities of the Issuer reported in Table II. The options are granted pursuant to the 2014 Plan. The shares subject to the Option will vest as follows: one fourth (1/4th) of the award vested on October 31, 2020, and thereafter, one forty-eighth (1/48th) of the award are scheduled to vest monthly on the last day of each month, subject to the Reporting Person continuing to be a service provider through the applicable vesting date.