BlackSky (BKSY) Director James Tolonen Receives 1,055-Share Award

What Happened
James R. Tolonen, a director of BlackSky Technology Inc. (BKSY), was granted/received 1,055 shares of Class A common stock on September 30, 2026. The Form 4 reports an acquisition price of $0 (award). Footnotes indicate the shares were elected in lieu of cash compensation for the quarter ended 9/30/2026 and the share count was calculated using the closing stock price on 9/30/2026. Some of the securities are RSUs (restricted stock units), which are contingent rights to receive shares subject to vesting.

Key Details

• Transaction date: 2026-09-30 (reported on Form 4 filed 2026-10-01)
• Transaction type/code: Award/Grant (A)
• Shares: 1,055 shares; Form 4 shows $0 acquisition value (amount paid not reported)
• RSUs: Filing notes certain securities are RSUs and subject to vesting (see footnote F2)
• Basis for share count: elected to receive stock in lieu of cash; number based on closing price 9/30/2026 (footnote F1)
• Shares owned after transaction: not specified in this filing
• Filing timeliness: Filed 2026-10-01 for a 9/30/2026 transaction — appears timely

Context
This was a compensation award (stock issued in lieu of cash) rather than an open-market purchase or sale. RSUs typically convert into actual shares only if and when vesting conditions are met, so the award may be contingent. Such awards are routine director compensation and do not by themselves indicate a buy or sell signal.