Satellogic Insider Sold 195,884 Shares; 80,951-Share Sale Planned

Rhea-AI Filing Summary

Form 144 filed for Satellogic Inc. (SATL) reports a proposed sale of 80,951 common shares through Morgan Stanley Smith Barney with an aggregate market value of $304,910.04, expected on 09/10/2025 on NASDAQ. The shares were acquired as founder stock on 01/26/2022 and paid in cash. The filing also discloses that the reporting person sold 195,884 common shares in the past three months for total gross proceeds of $734,963.76 across five transactions dated 08/26/2025–09/09/2025. The filer certifies no undisclosed material adverse information and provides broker details for the proposed sale.

Positive

• Timely and detailed disclosure of proposed sale and recent trades, including broker and transaction dates
• Securities identified as founder stock with acquisition date (01/26/2022), clarifying origin of holdings
• Filer attests there is no undisclosed material adverse information, meeting certification requirements

Negative

• Insider sold 195,884 shares in the past three months for $734,963.76, which may attract investor attention
• Proposed additional sale of 80,951 shares (aggregate value $304,910.04) scheduled for 09/10/2025

Insights

Financial Analyst

TL;DR: Routine insider liquidity rather than company operational news; disclosed sales are modest relative to outstanding shares.

The filing documents a proposed sale of 80,951 shares and prior sales totaling 195,884 shares for $734,963.76. Against the reported 94,985,681 shares outstanding, these transactions represent a small fraction of capitalization (approximately 0.2%). This appears to be personal liquidity by a founder who acquired the shares on 01/26/2022. There are no financial statement metrics or operational disclosures in this Form 144, so the materiality to enterprise value is limited absent further context.

Corporate Governance Expert

TL;DR: Proper disclosure of insider sales and broker routing; no indication of undisclosed adverse information per the signer.

The filer used the prescribed Rule 144 notice to report proposed and recent sales, identifying the broker and confirming the securities were founder stock. The signature representation affirms no undisclosed material adverse information. From a governance perspective, timely filings like this support market transparency; the Form does not reveal tied trading plans or 10b5-1 adoption details, which would provide additional compliance clarity.

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

Relationship to Issuer

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	80951	304910.04	94985681	09/10/2025	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	01/26/2022	Founder Stock	Issuer			80951	01/26/2022	Cash

* 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
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/09/2025	1149	4308.75
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/03/2025	76685	287967.51
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	08/29/2025	29770	111637.50
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	08/27/2025	15191	56966.25
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	08/26/2025	73089	274083.75

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 the Form 144 filed for SATL disclose?

The Form 144 discloses a proposed sale of 80,951 common shares (value $304,910.04) scheduled for 09/10/2025 via Morgan Stanley Smith Barney.

How many shares did the reporting person sell in the past three months?

The filing lists 195,884 shares sold in five transactions between 08/26/2025 and 09/09/2025 for gross proceeds of $734,963.76.

What was the acquisition date and nature of the shares to be sold?

The shares were acquired as founder stock on 01/26/2022 and payment was cash.

On which exchange will the proposed sale occur?

The proposed sale is reported to occur on NASDAQ.

Does the filer say there is undisclosed adverse information?

By signing, the filer represents they do not know any material adverse information about the issuer that is not publicly disclosed.