[Form 4] Satellogic Inc. Insider Trading Activity

Rhea-AI Filing Summary

Satellogic Inc. (SATL) – Form 4 insider filing dated 06/25/2025

Director Kelly J. Kennedy reported the grant of 49,435 Restricted Stock Units (RSUs) on 06/23/2025. The RSUs carry a conversion price of $0 and represent the right to receive an equal number of Class A common shares when vested. According to the filing’s single explanatory note, 100 % of the award vests on 05/31/2026, contingent upon Ms. Kennedy’s continued service as a director through that date.

• Post-transaction holdings: 49,435 derivative securities are now beneficially owned directly by Ms. Kennedy.
• Transaction code: “A” (Grant) indicates an award rather than an open-market purchase or sale.
• No cash was exchanged; the grant is part of the company’s equity-based compensation program.

This filing signals routine director compensation rather than a strategic share purchase or disposition. While the award slightly increases potential share count upon vesting, the magnitude (49.4 k shares) is generally immaterial to Satellogic’s overall float. Investors should view the disclosure as standard governance practice aligning director incentives with shareholder value rather than a signal of near-term insider sentiment.

Insights

Financial Analyst

TL;DR: Routine RSU grant (49k shares) to SATL director; neutral cash impact, minor potential dilution.

The Form 4 details a single equity-compensation transaction: Ms. Kennedy received 49,435 RSUs at no cost. The award vests in full on 05/31/2026, ensuring at least 11 months of continued board service before shares can be issued. Because the transaction is coded “A”, it does not reflect insider buying or selling pressure and involves no immediate cash flow. Assuming Satellogic’s float is in the tens of millions, the grant represents well under 1 % potential dilution—immaterial from a valuation standpoint. Consequently, the filing is operationally routine, preserves alignment between the director and shareholders, and carries neutral market impact.

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^*

Kennedy Kelly J.

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

Remarks:

	/s/ Rick Dunn, Attorney-in-fact for Kelly Kennedy	06/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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