Business Context and Reporting Period
This Form 8-K Current Report was filed by BlackSky Technology Inc. on June 8, 2023. The filing serves to update the Company's disclosure regarding the security ownership of certain beneficial owners and management. These updates are intended to be incorporated by reference into previously filed and future registration statements under the Securities Act of 1933.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on equity ownership structure and specific shareholder transactions.
Material Changes
The primary material change reported is a significant increase in the holdings of David DiDomenico, a member of the Board of Directors. On June 8, 2023, Mr. DiDomenico received 1,288,992 shares of Class A common stock as a result of a distribution from JANA Capital LLC to its limited partners. This transaction occurred after the March 1, 2023 snapshot date used for the beneficial ownership table.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is a procedural update regarding shareholder ownership.
Important Facts for Investors
- Ownership Snapshot Date: The beneficial ownership table reflects data as of March 1, 2023, based on 122,002,575 shares of Class A common stock outstanding.
- Major Shareholders: Entities affiliated with Mithril LP hold 15.27% (18,628,026 shares), and Seahawk SPV Investment LLC holds 13.14% (16,364,532 shares).
- Board Member Transaction: Director David DiDomenico's holdings increased significantly on June 8, 2023, due to a distribution from JANA Capital LLC, though the exact post-transaction total is not calculated in the table.
- Executive Ownership: CEO Brian O'Toole beneficially owned 1.55% of the company as of March 1, 2023, including shares and RSUs vesting within 60 days.
- Former CFO: Johan Broekhuysen, who stepped down as CFO in June 2022, is listed with no beneficial ownership as of the reporting date.