SATL (SATL) files Form 144: affiliate plans sale of 10M Class A shares

Rhea-AI Filing Summary

SATL filed a Form 144 reporting a proposed sale of 10,000,000 shares of Class A Common Stock through J.P. Morgan Securities LLC with an aggregate value shown as $97,700,000.00. The filing references a CUSIP or identifier 137661456 and is dated 05/26/2026. The record also shows 20,000,000 shares received in an exchange in a redomiciliation transaction on 03/26/2025.

Insights

Capital Markets Counsel

Form 144 notifies the market of an affiliate's planned sale of Class A shares.

The filing lists 10,000,000 shares proposed for sale via J.P. Morgan Securities LLC and an aggregate value of $97,700,000.00, dated 05/26/2026. This is a notice of intent under Rule 144, which permits resale of restricted shares when conditions are met.

Timing, actual sale completion, and any volume limitations are not stated in the excerpt; subsequent transaction details will appear in trade reports or later filings if sales occur.

Key Figures

Proposed shares to be sold: 10,000,000 shares Aggregate value shown: $97,700,000.00 Identifier / CUSIP-like number: 137661456 +1 more

4 metrics

Proposed shares to be sold 10,000,000 shares Form 144 notice dated <date>05/26/2026</date>

Aggregate value shown $97,700,000.00 Listed alongside the 10,000,000 shares in the Form 144

Identifier / CUSIP-like number 137661456 Appears in the filing row with date <date>05/26/2026</date>

Shares received in redomiciliation 20,000,000 shares Received in exchange on <date>03/26/2025</date>

Key Terms

Form 144, redomiciliation, Class A Common Stock, NASD

4 terms

Form 144 regulatory

"filed a Form 144 reporting a proposed sale"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

redomiciliation corporate

"received in an exchange in redomiciliation transaction"

Redomiciliation is when a company legally changes its country of incorporation while keeping the same business and assets, like moving a house to a new neighborhood but keeping the same furniture. Investors care because the company then follows a different set of laws and tax rules, which can change shareholder rights, reporting standards, dividend treatment and the ease of trading the stock, potentially affecting risk and return.

Class A Common Stock financial

"Class A Common Stock | J.P. Morgan Securities LLC"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

NASD regulatory

"05/26/2026 | NASD"

The NASD (National Association of Securities Dealers) was the self‑regulatory organization that created and enforced rules for broker‑dealers and supervised trading conduct, functioning like a referee for the securities industry. For investors, its role mattered because those rules and oversight aimed to reduce fraud, ensure fair dealing and maintain confidence in markets—factors that influence the safety of investments and the reputation and behavior of brokerage firms.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	J.P. Morgan Securities LLC 270 Park Avenue, 6th Floor New York NY 10017	10000000	97700000.00	137661456	05/26/2026	NASD

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	03/26/2025	Received in an exchange in redomiciliation transaction	Issuer			20000000	03/26/2025	Exchange

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does SATL's Form 144 filing mean for shareholders?

It notifies the market that an affiliate plans to sell 10,000,000 shares of Class A Common Stock, indicating potential future supply. The filing lists $97,700,000.00 as the aggregate value and is dated 05/26/2026.

Who is handling the proposed sale disclosed in SATL's Form 144?

The filing names J.P. Morgan Securities LLC at 270 Park Avenue as the broker-dealer handling the transaction. The notice shows the broker-dealer and the proposed sale logistics in the Form 144 excerpt.

Does the Form 144 show shares previously issued to SATL?

Yes. The excerpt records 20,000,000 shares received by the issuer in an exchange from a redomiciliation transaction on 03/26/2025, presented as part of the securities history in the filing.

Is the Form 144 a confirmation that shares were sold?

No. The Form 144 is a notice of intent to sell under Rule 144; it does not confirm completion. The excerpt lists a proposed 10,000,000-share sale and the date 05/26/2026, but trade execution is not shown here.