Satellogic Founder Files Form 144 to Sell 73,089 SATL Shares
Rhea-AI Filing Summary
Satellogic Inc. (SATL) filed a Form 144 to notify a proposed sale of common stock. The filer intends to sell 73,089 shares on NASDAQ, with an aggregate market value of $274,083.75 and approximately 94,985,681 shares outstanding. The shares were acquired as founder stock from the issuer on 01/26/2022 and were paid for in cash on the same date. The approximate date of sale is listed as 08/26/2025. The filing reports no securities sold by the seller in the past three months and includes the standard attestation that the seller is not aware of undisclosed material adverse information.
Positive
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Negative
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Insights
TL;DR: Routine Form 144 notice for a founder stock sale; size appears small relative to outstanding shares.
The filing documents a proposed sale of 73,089 common shares valued at $274,083.75, representing a small fraction of the 94,985,681 shares outstanding. The shares were acquired as founder stock on 01/26/2022 and paid in cash. No sales in the past three months are reported. This notice is procedural under Rule 144 to permit public resale and does not, by itself, disclose new operational or financial information about the issuer.
TL;DR: Disclosure aligns with regulatory requirements; includes standard seller attestation about material information.
The Form 144 provides required details: acquisition date, nature of acquisition (founder stock), payment method, and planned sale date. The filing contains the customary representation that the seller lacks undisclosed material adverse information. There is no indication of insider trading plan dates or aggregated recent sales; the disclosure appears compliant and routine.