[144] Satellogic Inc. SEC Filing

Rhea-AI Filing Summary

Satellogic Inc. (SATL) – Form 144 filing dated 06/23/2025

The notice discloses a proposed sale of 30,009 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of US$105,055.51. The shares represent roughly 0.029% of the company’s 104,109,579 shares outstanding, indicating a modest transaction size relative to total float.

The filer, identified as Richard A. Dunn Jr., has also sold shares in the prior three months:

• 58,311 shares on 05/20/2025 for US$240,824.43
• 72,712 shares on 05/16/2025 for US$336,656.56

Combined with the new notice, total disclosed sales over roughly five weeks amount to 161,032 shares, or about 0.155% of shares outstanding.

All shares to be sold and previously sold were acquired as restricted stock from the issuer on 06/20/2024 (22,709 shares) and 03/20/2024 (7,300 shares). No gifts or special consideration payments are noted.

The filer affirms awareness of Rule 144 requirements and states no undisclosed material adverse information about the company. No additional remarks, trading-plan dates, or relationships to the issuer are provided in the filing.

Positive

• Sale volume is just 0.029% of shares outstanding, suggesting minimal dilution or price pressure.
• Filer attests to no undisclosed adverse information, reducing concern over potential negative catalysts.

Negative

• Ongoing insider selling (161,032 shares in five weeks) may raise investor caution about management confidence.
• Lack of detail on filer’s relationship to issuer limits context for evaluating the motivation behind the sales.

Insights

Securities Analyst

TL;DR: Small-scale insider sale; cumulative selling trend but only 0.16% of float—signal likely neutral.

The Form 144 shows Richard A. Dunn Jr. intends to sell 30,009 SATL shares on 06/23/2025, following 131,023 shares sold in May. Even aggregated, the volume is immaterial versus 104 million shares outstanding, limiting near-term market impact. Because the filing lacks details on Dunn’s role or motive, the transactions could be routine diversification after restricted stock vesting. Rule 144 sales require public disclosure but do not automatically imply negative fundamentals. Investors should, however, monitor if selling accelerates or expands to other insiders, which could shift sentiment.

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
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	30009	105055.51	104109579	06/23/2025	NASDAQ

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 *
Common	06/20/2024	Restricted Stock	Issuer			22709	06/20/2024	Not Applicable
Common	03/20/2024	Restricted Stock	Issuer			7300	03/20/2024	Not Applicable

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
RICHARD A DUNN JR. 210 Delburg Street Davidson NC 28036	Common	05/20/2025	58311	240824.43
RICHARD A DUNN JR. 210 Delburg Street Davidson NC 28036	Common	05/16/2025	72712	336656.56

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

How many Satellogic (SATL) shares are being proposed for sale?

30,009 common shares are scheduled for sale on 06/23/2025.

What percentage of SATL’s outstanding shares does the proposed 30,009-share sale represent?

Approximately 0.029% of the 104,109,579 shares outstanding.

What were the gross proceeds from insider sales in the last three months?

Previous sales totaled US$577,480.99 (58,311 shares for US$240,824.43 and 72,712 shares for US$336,656.56).

Were the shares acquired through open-market purchases or grants?

They were acquired as restricted stock from the issuer on 06/20/2024 and 03/20/2024.

Which broker will execute the proposed sale?

The filing lists Morgan Stanley Smith Barney LLC, New York as the broker.

Is there any indication of undisclosed adverse information by the filer?

The signer represents no knowledge of undisclosed material adverse information about Satellogic.