BlackSky CEO Brian O’Toole sells $337,200 in company stock

Brian E. O’Toole, CEO and President of BlackSky Technology Inc. (NASDAQ:BKSY), sold 20,000 shares of the company’s Class A Common Stock on October 20, 2026. The transactions totaled $337,200.

The shares were sold at prices ranging from $16.54 to $17.32, with a weighted average sale price of $16.86 per share. This sale was executed pursuant to a Rule 10b5-1 trading plan, which Mr. O’Toole adopted in June 2026.The transaction comes as BlackSky shares have declined roughly 59% over the past six months, currently trading at $16.69. According to InvestingPro analysis, the stock remains undervalued at current levels. An InvestingPro Tip notes that stock price movements are quite volatile, with the company’s beta of 2.7 reflecting significant price swings. Investors can access 13 additional ProTips and a comprehensive Pro Research Report for deeper analysis.

Following these transactions, Mr. O’Toole directly holds 1,023,396 shares of BlackSky Technology Inc. Class A Common Stock. Certain of these securities are Restricted Stock Units (RSUs), which represent a contingent right to receive one share of Class A Common Stock, subject to applicable vesting schedules and conditions.

In other recent news, BlackSky Technology reported its second-quarter earnings, revealing a significant increase in revenue. The company achieved a 50% rise in revenue from the previous year, reaching $33.3 million, surpassing Wall Street’s estimate of $30.68 million. Despite this revenue growth, BlackSky’s loss widened to $0.54 per share, which was greater than the analysts’ forecast of a $0.37 per share loss. Additionally, BlackSky held its 2026 annual meeting of stockholders, where several key matters were addressed. The election of Class II directors took place, with Timothy Harvey and William Porteous elected to serve until the 2029 annual meeting. Susan Gordon was also elected as a director, receiving 3,301,403 votes in favor. These recent developments reflect BlackSky’s ongoing efforts to enhance its financial performance and governance.