Satellogic Form 4/A: Director receives 49k RSUs, no share sales

Rhea-AI Filing Summary

Satellogic Inc. (SATL) – Form 4/A insider filing

Director Ted Wang reported the grant of 49,435 Restricted Stock Units (RSUs) on 23 June 2025. The RSUs were awarded at no cost as part of director compensation and will convert into Class A common shares after they vest on 31 May 2026, subject to Mr. Wang’s continued service. The recipient has elected to defer actual share settlement until 31 May 2036. Following this award, Mr. Wang beneficially owns 49,435 derivative securities linked to Class A stock. No open-market purchases or sales were disclosed, and no cash consideration was exchanged.

The filing does not alter share count or cash flows for Satellogic, but it modestly strengthens board-level equity alignment.

Positive

• Enhanced director-shareholder alignment: 49,435 RSUs link compensation directly to future share performance.
• Deferred settlement until 2036 minimizes near-term dilution pressure.

Negative

• None.

Insights

Corporate Governance Analyst

TL;DR: Routine RSU award; aligns director incentives, limited market impact.

The filing documents a standard equity grant rather than a purchase or sale. Because the RSUs were issued at zero cost and are subject to a one-year vesting cliff, the disclosure mostly concerns future dilution—<0.1% of the 78 million shares outstanding—and therefore has negligible valuation effect. Deferral to 2036 pushes any share issuance well into the future, mitigating near-term dilution. Investors may view the award positively as it increases director ownership, but the transaction is immaterial to fundamentals in the short run.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wang Theodore Glass

(Last) (First) (Middle)

SATELLOGIC INC.

210 DELBURG STREET

(Street)

DAVIDSON NC 28036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Satellogic Inc. [ SATL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/25/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	$0	06/23/2025		A		49,435		(1)	(1)	Class A Common Stock	49,435	$0	49,435	D

Explanation of Responses:

1. Mr. Wang was granted 66,384 RSUs on June 23, 2025, all of which will vest on May 31, 2026 subject to Mr. Wang's continued service through such date. Grantee elected to defer receipt of shares until May 31, 2036.

Remarks:

	/s/ Rick Dunn, Attorney-in-fact for Ted Wang	07/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many RSUs did SATL director Ted Wang receive?

49,435 RSUs were granted on 23 June 2025.

When will the RSUs granted to Ted Wang vest?

All RSUs vest on 31 May 2026, contingent on continued service.

Did the filing include any open-market sales or purchases of SATL shares?

No. The Form 4/A reports only an award of RSUs; no share sales or buys were disclosed.

When will the shares underlying the RSUs be delivered?

Mr. Wang elected to defer receipt until 31 May 2036.

What is the impact of this RSU grant on SATL's share count?

At 49,435 shares, potential dilution is immaterial (under 0.1%) relative to the total shares outstanding.