Satellogic (SATL) Files Rule 144 Notice for 29,073 Restricted Shares
Rhea-AI Filing Summary
Form 144 notice for Satellogic Inc. (SATL) reports a proposed sale of 29,073 shares of common stock through Morgan Stanley Smith Barney LLC on NASDAQ approximately on 08/21/2025, with an aggregate market value of $100,301.85. The filing shows the shares were acquired as restricted stock from the issuer on 03/20/2025 (17,493 shares) and 06/20/2025 (11,580 shares). The filer reports no securities sold in the past three months and includes the required representation that they do not possess undisclosed material information about the issuer.
Positive
- Sale filed under Rule 144 with a registered broker (Morgan Stanley Smith Barney LLC)
- Securities were acquired as restricted stock from the issuer, disclosed with acquisition dates
- Filer included the required representation of no undisclosed material information
Negative
- Person intends to sell 29,073 shares of common stock on or about 08/21/2025
Insights
TL;DR: Insider plans a Rule 144 sale of 29,073 restricted shares via Morgan Stanley on 08/21/2025.
The filing is a routine Rule 144 notice disclosing a proposed sale of 29,073 common shares with a published aggregate value of $100,301.85 and an intended sale date of 08/21/2025 on NASDAQ. The securities were acquired as restricted stock from the issuer on two dates in 2025, indicating these are controlled distributions of previously restricted awards rather than open-market purchases. The absence of sales in the prior three months is noted. For investors, this is a disclosure of an intended insider sale but contains no indication of undisclosed operational or financial developments.
TL;DR: Filing demonstrates compliance with Rule 144 for planned insider sale and required representations.
The Form 144 documents follow procedural requirements by identifying the broker, intended sale amount, acquisition dates, and the nature of acquisition as restricted stock from the issuer. The signer affirms no material nonpublic information is held, which is a key compliance representation. This filing is informational for governance oversight and regulatory transparency; it does not by itself indicate governance changes or regulatory concerns.