Form 4: Emiliano Kargieman Reduces Holdings to 2.66M Shares

Rhea-AI Filing Summary

Insider sales by Satellogic director and CEO Emiliano Kargieman. The Form 4 shows three separate sales of Class A common stock on 09/09/2025, 09/10/2025 and 09/11/2025 totaling 142,516 shares sold at prices between $3.75 and $3.7702. Reported beneficial ownership declined from 2,804,116 shares to 2,662,749 shares following these transactions. The filing was signed by an attorney-in-fact on behalf of Mr. Kargieman.

Positive

• None.

Negative

• Insider sales totaling 142,516 shares executed on 09/09/2025–09/11/2025
• Reported beneficial ownership decreased from 2,804,116 to 2,662,749 shares after the transactions
• Sales by a CEO and 10% owner may be viewed as materially relevant to investors

Insights

Securities Analyst

TL;DR: Significant insider sales of 142,516 shares over three days, reducing reported holdings by ~141k shares.

The transactions are all coded as sales and occurred at prices roughly between $3.75 and $3.7702 per share. For investors, clustered insider sales by a CEO and 10% owner are noteworthy because they reduce the insider's direct stake from 2,804,116 to 2,662,749 shares. The filing contains clear, specific transaction sizes and prices without additional explanatory detail.

Corporate Governance Expert

TL;DR: CEO and director executed multiple planned sales, materially lowering beneficial ownership over three days.

Emiliano Kargieman is identified as Director, CEO and a 10% owner; the Form 4 records three discrete sales across consecutive days. The form does not state a Rule 10b5-1 plan or provide an explanation for the sales. The signature is by an attorney-in-fact, which is properly documented. The disclosure is complete for the reported transactions.

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)
09/09/2025

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	09/09/2025		S		1,149	D	$3.75	2,804,116	D
Class A Common Stock	09/10/2025		S		80,951	D	$3.7666	2,723,165	D
Class A Common Stock	09/11/2025		S		60,416	D	$3.7702	2,662,749	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	09/11/2025
	** 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 transactions did Satellogic (SATL) report in this Form 4?

The Form 4 reports three sales by Emiliano Kargieman totaling 142,516 shares on 09/09/2025, 09/10/2025 and 09/11/2025.

What prices were the SATL shares sold for in the reported transactions?

Sales were reported at prices of $3.75, $3.7666, and $3.7702 per share.

How did the insider's ownership change after these sales?

Beneficial ownership for Emiliano Kargieman declined from 2,804,116 shares to 2,662,749 shares following these transactions.

What roles does the reporting person hold at Satellogic?

The Form 4 identifies Emiliano Kargieman as a Director, Chief Executive Officer and a 10% owner.

Who signed the Form 4 for the reporting person?

The Form 4 was signed by Rick Dunn, Attorney-in-fact for Emiliano Kargieman on 09/11/2025.