Satellogic (SATL) insider sales total $1.04M; proposed 60,416-share sale

Rhea-AI Filing Summary

Form 144 filed for Satellogic Inc. (SATL) reports proposed and recent insider sales of common stock. The filer intends to sell 60,416 shares on 09/11/2025 through Morgan Stanley Smith Barney LLC with an aggregate market value of $227,780.40 based on the filing. The securities were originally acquired as founder stock on 01/26/2022. The filing discloses six sales by Emiliano Kargieman in the past three months totaling 276,835 shares for aggregate gross proceeds of $1,039,873.80. The filing states there is no undisclosed material adverse information known to the seller.

Positive

• Full disclosure of recent sales including dates, amounts, and gross proceeds is provided
• Broker identified as Morgan Stanley Smith Barney LLC for the proposed sale
• Acquisition history noted: shares were acquired as founder stock on 01/26/2022

Negative

• Concentrated insider selling of 276,835 shares over the past three months for $1,039,873.80
• Planned sale of 60,416 shares on 09/11/2025 against 94,985,681 outstanding shares

Insights

Securities Analyst

TL;DR Significant recent insider selling disclosed; planned sale is modest relative to recent activity.

The filing documents a proposed sale of 60,416 shares on 09/11/2025 and reports 276,835 shares sold by the same person in the prior three months, generating $1,039,873.80 of gross proceeds. Shares were acquired as founder stock on 01/26/2022. The broker of record is Morgan Stanley Smith Barney LLC. From a market-signaling perspective, clustered insider sales warrant attention but the filing contains no statements about company performance. This is a disclosure of liquidity activity rather than an operational or financial disclosure.

Corporate Governance Expert

TL;DR Filing is a routine Rule 144 disclosure showing concentrated insider disposition over recent months.

The filer affirms no material nonpublic information is known. The securities were originally classified as founder stock, and sales were executed through a registered broker. The record of multiple sales in a short period should prompt review of any insider trading plans or trading-policy compliance, though the filing itself provides no evidence of policy breaches. All required sale dates, amounts, and gross proceeds are reported.

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	60416	227780.40	94985681	09/11/2025	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			60416	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	09/10/2025	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 filed for SATL disclose?

The Form 144 discloses a proposed sale of 60,416 common shares on 09/11/2025 and prior sales totaling 276,835 shares in the past three months.

Who sold the shares and through which broker?

Seller: Emiliano Kargieman; Broker: Morgan Stanley Smith Barney LLC (Executive Financial Services, 1 New York Plaza 8th Floor, New York, NY).

How much gross proceeds were reported for recent sales?

The six disclosed sales in the past three months generated aggregate gross proceeds of $1,039,873.80.

When were the shares acquired?

The securities to be sold were acquired as founder stock on 01/26/2022 and payment was by cash.

Does the filer state any undisclosed material information?

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