SATL Insider Transaction: Miguel Gutierrez Receives 49,435 RSUs

Rhea-AI Filing Summary

On June 23, 2025, Satellogic Inc. (SATL) filed a Form 4 detailing a routine equity compensation grant to Director Miguel Gutierrez. The filing reports the issuance of 49,435 restricted stock units (RSUs) at an exercise price of $0. These derivative securities will vest in full on May 31, 2026, contingent on Mr. Gutierrez’s continued board service. No common shares were bought, sold, or otherwise transferred, and the transaction generated no immediate cash proceeds.

Following the grant, the director’s reported beneficial ownership comprises 49,435 derivative securities, held directly. Because the RSUs have not yet vested, they do not currently increase the public share count; dilution, if any, would occur only upon settlement next year. The disclosure therefore serves mainly as an informational update on insider compensation rather than signaling any change in insider sentiment or company fundamentals.

Insights

Securities Analyst

TL;DR: Routine RSU grant; neutral for valuation and sentiment.

This Form 4 documents a standard board compensation action: 49,435 RSUs awarded to Director Miguel Gutierrez. The units vest on 31 May 2026, so they carry no immediate dilutive or cash impact. With no accompanying share purchases or sales, the filing offers no directional insight into insider sentiment. Such grants are commonplace across growth-stage companies and are unlikely to influence Satellogic’s near-term trading dynamics. Investors can view the event as administrative and neutral.

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
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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^*

Gutierrez Miguel

(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)

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. Gutierrez was granted 49,435 RSUs on June 23, 2025, all of which will vest on May 31, 2026 subject to Mr. Gutierrez's continued service through such date.

Remarks:

	/s/ Rick Dunn, Attorney-in-fact for Miguel Gutierrez	06/25/2025
	** 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 insider transaction did Satellogic (SATL) report on Form 4?

Director Miguel Gutierrez received 49,435 RSUs on June 23, 2025.

When will the 49,435 RSUs granted to Miguel Gutierrez vest?

All RSUs are scheduled to vest on May 31, 2026, subject to continued service.

Did Miguel Gutierrez buy or sell any SATL shares in this filing?

No. The filing shows no purchases or sales; it only records an RSU grant.

How many derivative securities does the director own after the transaction?

Mr. Gutierrez now beneficially owns 49,435 derivative securities directly.

Does the RSU grant immediately dilute existing SATL shareholders?

No. Dilution would occur only if the RSUs convert to shares after vesting in 2026.