[Form 4] Satellogic Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider sales under a 10b5-1 plan reduced Emiliano Kargieman's direct holdings in Satellogic (SATL). The CEO, who also is a director and 10% owner, sold a total of $4.03–$4.0946-priced Class A shares across three transactions on 10/08/2025, 10/09/2025, and 10/10/2025

Combined sales of 402,303 shares left Mr. Kargieman with 1,617,643 Class A shares beneficially owned after the trades. The filing states the sales were executed pursuant to a Rule 10b5-1 trading plan adopted on 6/23/2025, indicating the trades were pre‑planned rather than ad hoc.

Positive

• Sales executed under a Rule 10b5-1 plan, indicating pre-arranged and compliant insider transactions
• Reporting includes exact post-transaction ownership of 1,617,643 Class A shares, preserving transparency

Negative

• Substantial insider disposition of 402,303 shares executed over three days
• Insider stake reduced by ~20% versus prior position, which may increase free float and pressure on share supply

Insights

Corporate Governance Expert

Planned insider selling suggests pre-arranged liquidity, not opportunistic trading.

The reporting person is the CEO and a 10% owner, and the trades were executed under a Rule 10b5-1 plan adopted on 6/23/2025. That mechanism provides a compliance safe harbor by documenting a predetermined schedule for sales.

Key dependencies include the plan's terms and whether additional planned transactions remain; monitor any future Form 4 filings over the next 30–90 days for remaining plan activity or amendments.

Equity Markets Analyst

Insider sold ~402k shares, reducing direct stake materially but not eliminating ownership.

The three reported dispositions total 402,303 Class A shares at prices between $4.03 and $4.0946, leaving 1,617,643 shares beneficially owned. That implies a reduction of roughly ~20% of prior holding (based on disclosed pre- and post-sale amounts).

This level of sale can increase tradable float in the near term; watch subsequent trading volume and any additional Form 4s in the coming weeks for further dilution of insider-owned shares.

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).

X

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)
10/08/2025

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	10/08/2025		S(1)		85,700	D	$4.03	1,934,246	D
Class A Common Stock	10/09/2025		S(1)		314,767	D	$4.0946	1,619,479	D
Class A Common Stock	10/10/2025		S(1)		1,836	D	$4.03	1,617,643	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:

1. This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on June 23, 2025.

Remarks:

	/s/ Rick Dunn, Attorney-in-fact for Emiliano Kargieman	10/10/2025
	** 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 did Emiliano Kargieman sell in the Form 4 for SATL?

He disposed of a total of 402,303 Class A shares across three transactions on 10/08/2025, 10/09/2025, and 10/10/2025.

At what prices were the SATL shares sold?

The shares were sold at prices between $4.03 and $4.0946 per share as shown on the filing.

Was the insider selling part of a trading plan?

Yes. The filing states the transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on 6/23/2025.

How many SATL shares did Kargieman own after these transactions?

Following the reported sales, he beneficially owned 1,617,643 Class A shares.

What roles does the reporting person hold at Satellogic?

The filing lists him as Chief Executive Officer, a Director, and a 10% owner of the issuer.