[Form 4] Satellogic Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider sale disclosed by Emiliano Kargieman, CEO and director of Satellogic Inc. (SATL). The Form 4 shows two open-market dispositions: 73,089 Class A shares sold on 08/26/2025 at $3.75 per share and 15,191 Class A shares sold on 08/27/2025 at $3.75 per share. After these transactions he beneficially owned 2,911,720 Class A shares. The filing was signed by an attorney-in-fact on 08/28/2025. No derivative transactions were reported.

Positive

• Timely and complete disclosure of insider sales on Form 4
• No derivative or option transactions reported, simplifying analysis

Negative

• Insider sold 88,280 shares (73,089 + 15,191) in two transactions, which may be viewed negatively by some investors

Insights

Securities Analyst

TL;DR: A routine insider sale by the CEO/director with clear reporting; no derivatives reported.

The reported transactions are ordinary open-market sales of Class A common stock executed on consecutive days at the same price of $3.75 per share. The filings indicate continued significant ownership post-sale (2,911,720 shares), suggesting the sales reduced but did not eliminate the reporting person’s stake. The report is timely and includes the required signature by an attorney-in-fact. From a disclosure standpoint this is straightforward and does not disclose any new material corporate events.

Corporate Governance Expert

TL;DR: Governance controls appear followed; sales were reported on Form 4 without listed 10b5-1 plan.

The Form 4 identifies Emiliano Kargieman as CEO, director and 10% owner and shows open-market dispositions on 08/26/2025 and 08/27/2025. The filing does not indicate these transactions were made pursuant to a 10b5-1 trading plan. The presence of an attorney-in-fact signature is acceptable procedure for filings. No indications of option exercises, grants, or other derivative activity are present in Table II.

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^*

Kargieman Emiliano

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

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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

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
Class A Common Stock	08/26/2025		S		73,089	D	$3.75	2,926,911	D
Class A Common Stock	08/27/2025		S		15,191	D	$3.75	2,911,720	D

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

Explanation of Responses:

Remarks:

	/s/ Rick Dunn, Attorney-in-fact for Emiliano Kargieman	08/28/2025
	** 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

What transactions did Emiliano Kargieman report on Form 4 for SATL?

He reported two open-market sales: 73,089 shares on 08/26/2025 at $3.75 and 15,191 shares on 08/27/2025 at $3.75.

How many SATL shares does Kargieman own after the reported sales?

Following the reported transactions he beneficially owned 2,911,720 Class A shares.

Were any derivative securities reported by the insider?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned.

Did the filing state the sales were pursuant to a 10b5-1 trading plan?

The Form 4 does not indicate that the transactions were made pursuant to a 10b5-1 plan.

Who signed the Form 4 for Emiliano Kargieman?

The Form 4 was signed by Rick Dunn, attorney-in-fact for Emiliano Kargieman on 08/28/2025.