Satellogic (SATL) insider sales total ~982K shares; Form 144 filed for additional sale

Rhea-AI Filing Summary

Form 144 filed for Satellogic Inc. (SATL) shows a proposed sale of 17,380 common shares through Morgan Stanley Smith Barney with an aggregate market value of $65,175, and lists total shares outstanding of 94,985,681.

The filing also reports extensive prior insider sales over the past three months by Emiliano Kargieman totaling 982,620 shares for gross proceeds of approximately $3.79 million. The securities being offered were originally acquired as founder stock on 01/26/2022 and paid in cash. The filer certifies no undisclosed material adverse information.

Positive

• Filer certified there is no undisclosed material adverse information about the issuer
• Transaction routed through a registered broker (Morgan Stanley Smith Barney LLC), indicating standard execution channels

Negative

• Insider sold 982,620 shares in the past three months, representing approximately 1.03% of reported outstanding shares and generating about $3.79 million in gross proceeds
• Multiple, concentrated sale dates by the same insider over a short period, which may raise investor concern absent further context

Insights

Securities Analyst

TL;DR: Insider has sold roughly 0.99% of outstanding shares recently, raising ~$3.8M; proposed sale is small relative to past transactions.

The recent Form 144 documents a proposed sale of 17,380 shares valued at $65,175 and discloses nearly one million shares sold by the same insider over the past three months, generating roughly $3.79 million. For investors, clustered insider sales at this magnitude are noteworthy but not necessarily dispositive; the proposed sale itself is modest compared with recent disposals. The filing confirms the shares were founder stock acquired 01/26/2022 and paid in cash, and the signer represents no material undisclosed information.

Corporate Governance Expert

TL;DR: Concentrated insider selling across multiple dates is a governance signal that may warrant further context from the company.

The disclosure lists repeated sales by Emiliano Kargieman on multiple dates totaling 982,620 shares, which may prompt questions about the insider's rationale and any pre-arranged trading plans. The Form 144 includes the standard representation of no material nonpublic information and identifies the broker executing the transaction. While the filing itself is procedurally compliant, clustered disposals by an insider can attract investor scrutiny and requests for clarity on trading intent.

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	17380	65175.00	94985681	09/16/2025	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			17380	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	09/15/2025	209413	806135.34
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/12/2025	435956	1716271.58
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/11/2025	60416	227780.40
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/10/2025	80951	304910.04
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 for Satellogic (SATL) disclose?

The filing discloses a proposed sale of 17,380 common shares valued at $65,175, and prior insider sales of 982,620 shares totaling about $3.79M.

Who conducted the proposed sale and how will it be executed?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC (broker).

When were the securities being sold originally acquired?

The securities were acquired as founder stock on 01/26/2022 and paid in cash.

How many shares does Satellogic report outstanding in this filing?

The filing lists 94,985,681 shares outstanding.

Are there any representations about material nonpublic information?

Yes, the person for whose account the securities are to be sold represents they do not know of any material adverse information that has not been publicly disclosed.