SATL insider selling: 1,836 founders' shares proposed sale

Rhea-AI Filing Summary

Satellogic Inc. Form 144 discloses a proposed sale of 1,836 founders' common shares held since 01/26/2022, with an aggregate market value reported as $7,399.08 and an intended approximate sale date of 10/10/2025 on NASDAQ. The filing identifies Morgan Stanley Smith Barney LLC as the broker and records prior sales by the same person and under a 10b5-1 plan across August–October 2025, including a large block of 314,767 shares sold on 10/09/2025 for $1,288,844.96. The shares to be sold were acquired as founders' shares from the issuer on 01/26/2022. The filer certifies no undisclosed material adverse information and references reliance on a trading plan where applicable.

Positive

• Disclosure compliance: Proposed sale and recent 10b5-1 sales are fully disclosed in Form 144
• Broker identified: Sales are executed through Morgan Stanley Smith Barney LLC, showing use of an established broker
• Founders' shares origin disclosed: Shares to be sold were acquired as founders' shares on 01/26/2022

Negative

• Substantial recent insider selling: 314,767 shares sold on 10/09/2025 for $1,288,844.96
• Ongoing liquidation pattern: Multiple sales from 08/26/2025 through 10/09/2025 may increase available float and selling pressure

Insights

Insider Transactions Analyst

Insider filing shows planned disposal of founders' shares and recent active 10b5-1 executions.

The filing reports a proposed sale of 1,836 founders' shares acquired on 01/26/2022, with the broker listed as Morgan Stanley Smith Barney LLC and an intended sale date of 10/10/2025. The document also lists multiple prior sales under a 10b5-1 plan and open-market transactions during Aug–Oct 2025, including 314,767 shares sold on 10/09/2025 for $1,288,844.96.

These disclosures show that the holder has been actively liquidating positions recently; the most concrete monitoring point is cumulative volume and proceeds reported through 10/09/2025. Near-term attention should track any further Form 144s or Form 4 filings within the next weeks that change outstanding insider-owned share counts.

Corporate Governance Analyst

Repeated 10b5-1 and open-market sales imply routine liquidity actions, not disclosed adverse events.

The filing notes the shares to be sold were founders' shares received from the issuer, and the signer affirms no undisclosed material adverse information as of plan adoption or signing. Multiple dated sales between 08/26/2025 and 10/09/2025 are enumerated, combining plan-based and direct sales.

Governance implications center on pace and pattern of selling: investors can compare cumulative insider sales to total outstanding shares (reported as 94,985,681) to gauge dilution or supply pressure; any further scheduled plan dates or additional 144 notices within October 2025 would be material for investor monitoring.

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	1836	7399.08	94985681	10/10/2025	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	Founders Shares	Issuer			1836	01/26/2022	N/A

* 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
10b5-1 Sales for EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	10/09/2025	314767	1288844.96
10b5-1 Sales for EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	10/08/2025	85700	345371.00
10b5-1 Sales for EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/23/2025	130	520.00
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/16/2025	17380	65175.00
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

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 Satellogic (SATL) Form 144 disclose?

The filing discloses a proposed sale of 1,836 founders' common shares with an approximate sale date of 10/10/2025 and lists prior sales through August–October 2025.

Who is the broker handling the proposed SATL sale?

The broker listed is Morgan Stanley Smith Barney LLC, located at 1 New York Plaza, 8th Floor, New York, NY.

How many shares were sold most recently prior to this Form 144?

On 10/09/2025, 314,767 shares were sold under a 10b5-1 plan for gross proceeds of $1,288,844.96.

When were the founders' shares being offered acquired?

The shares to be sold were acquired as founders' shares from the issuer on 01/26/2022.

How many shares of SATL are reported outstanding in the filing?

The filing reports 94,985,681 shares outstanding.