Satellogic (SATL) insider discloses founder-stock sale and recent trades

Rhea-AI Filing Summary

Satellogic (SATL) insider sale notice: The filing reports a proposed sale of 29,770 common shares through Morgan Stanley Smith Barney on 08/29/2025. The shares were acquired as founder stock on 01/26/2022 and were paid in cash. The form also discloses two recent sales by the same person in the prior three days: 73,089 shares on 08/26/2025 for $274,083.75 and 15,191 shares on 08/27/2025 for $56,966.25. The filing lists 94,985,681 shares outstanding and values the proposed sale at $111,637.50. The signer certifies no undisclosed material adverse information is known and references Rule 10b5-1 procedures if applicable.

Positive

• Complete disclosure of broker, exact share counts, acquisition date and nature (founder stock) provides clear traceability
• Certification that the signer does not possess undisclosed material adverse information, and reference to Rule 10b5-1 where applicable

Negative

• Clustered insider selling: 73,089 and 15,191 shares sold on 08/26 and 08/27/2025, plus a proposed 29,770-share sale on 08/29/2025
• Sales represent recent realized proceeds ($274,083.75 and $56,966.25) which may attract investor scrutiny despite being a small percentage of outstanding shares

Insights

Securities Analyst

TL;DR: Recent insider sales total meaningful share counts but represent a small fraction of total outstanding shares; disclosure is timely and specific.

The filer reports a planned sale of 29,770 shares and recent executed sales of 73,089 and 15,191 shares. Combined recent activity equals 118,050 shares sold within days. Against the reported 94,985,681 shares outstanding, these transactions represent approximately 0.12% of the outstanding common stock, so they are unlikely to be materially dilutive. The filing includes acquisition details (founder stock, 01/26/2022) and broker information, supporting traceability of the trades.

Corporate Governance Expert

TL;DR: The notice follows Rule 144 disclosure requirements; clustered insider selling could warrant investor attention but is properly documented.

The filer affirms no undisclosed material adverse information and notes Rule 10b5-1 applicability if a trading plan exists. The concentrated timing of sales over consecutive days may prompt governance questions about intent, but the form itself is compliant, specifying acquisition type, payment method, broker, and exact share counts and proceeds. No missing filing elements are evident from the provided content.

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	29770	111637.50	94985681	08/29/2025	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			29770	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	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 shares is SATL insider planning to sell on 08/29/2025?

The filing states a proposed sale of 29,770 common shares through Morgan Stanley Smith Barney with an aggregate market value of $111,637.50.

What recent insider sales did the SATL filer report?

The filer sold 73,089 shares on 08/26/2025 for $274,083.75 and 15,191 shares on 08/27/2025 for $56,966.25.

How many SATL shares are outstanding according to the filing?

The filing lists 94,985,681 shares outstanding.

When and how were the shares being sold originally acquired?

The shares were acquired as founder stock on 01/26/2022 and the payment method is listed as cash.

Does the filer claim to have any undisclosed material information?

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