Satellogic (SATL) Files Form 4: 49k RSU Grant to Director Ted Wang

Rhea-AI Filing Summary

Satellogic Inc. (SATL) – Form 4 insider filing discloses that director Ted Wang was granted 49,435 Restricted Stock Units (RSUs) on 23 June 2025. The RSUs carry a zero-dollar exercise price and are scheduled to vest in full on 31 May 2026, contingent on Mr. Wang’s continued service with the company.

The filing reports the transaction under transaction code “A” (award) and shows that Mr. Wang now beneficially owns 49,435 Class A common shares on a direct basis. No derivative or open-market purchase or sale activity was recorded, and no cash consideration was exchanged, implying no immediate impact on the company’s cash flows. Because the award represents equity compensation rather than a sale, there is no dilution event today; dilution would occur only upon future share issuance when the RSUs settle.

The disclosure is routine, signaling ongoing equity-based alignment between board members and shareholder interests. No other transactions, option exercises, or disposals were reported in this filing.

Positive

• No insider selling: the director received stock rather than disposing of it, avoiding negative sentiment.
• Incentive alignment: RSU grant ties director compensation to future share performance, potentially benefiting shareholders.

Negative

• Potential future dilution: issuance of 49,435 shares upon vesting will modestly increase share count.

Insights

Corporate Governance Expert

TL;DR: Routine RSU grant to director; aligns incentives, minimal dilution, neutral market impact.

The Form 4 documents a standard equity compensation action—49,435 RSUs awarded to director Ted Wang. With a single-year cliff vesting (31-May-2026), the award strengthens long-term alignment but is not large enough to materially dilute shareholders. No sales occurred, so the filing does not signal insider pessimism. Absent other transactions or unusual terms, the event is governance-neutral and unlikely to move SATL’s valuation.

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

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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^*

Wang Theodore Glass

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

Remarks:

	/s/ Rick Dunn, Attorney-in-fact for Ted Wang	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.
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FAQ

What insider activity was reported for SATL on 23 Jun 2025?

Director Ted Wang received 49,435 RSUs with no cash paid and no shares sold.

When will the 49,435 RSUs granted to Ted Wang vest?

All units vest 31 May 2026, contingent on continued service.

Does the filing indicate any insider selling at Satellogic (SATL)?

No. The Form 4 only reports an equity award; there were no sales or disposals.

How many SATL shares does Ted Wang own after the transaction?

He beneficially owns 49,435 Class A common shares directly, reflecting the new RSUs.

Will the RSU grant dilute existing shareholders?

Dilution is not immediate; it occurs only when RSUs convert to shares at vesting.