[Form 4] Satellogic Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider sales by Satellogic executive reduced reported holdings: Emiliano Kargieman, listed as Chief Executive Officer, Director and 10% owner, reported two open-market sales totaling 106,455 shares of Class A common stock. He sold 29,770 shares on 08/29/2025 at $3.75 and 76,685 shares on 09/03/2025 at $3.7552. Beneficial ownership declined from 2,881,950 to 2,805,265 shares. The Form 4 was signed by an attorney-in-fact on 09/03/2025.

Positive

• None.

Negative

• Insider sold 106,455 shares of Class A common stock across two transactions, reducing beneficial ownership from 2,881,950 to 2,805,265 shares

Insights

Corporate Governance Expert

TL;DR: CEO sold a small portion of a large holding; disclosure is routine but noteworthy for governance watchers.

The filing shows two reported open-market dispositions by the CEO and significant shareholder, totaling 106,455 shares and reducing beneficial ownership by about 3.7%. This is a routine Section 16 disclosure indicating compliance with reporting obligations. The sales appear executed at market prices around $3.75 per share and were reported promptly, signed by an attorney-in-fact on 09/03/2025.

Securities Analyst

TL;DR: Insider sales of 106,455 shares at ~$3.75 are modest relative to total holdings; impact on valuation is likely limited.

From a market-impact perspective, the transactions reduce insider stake from 2,881,950 to 2,805,265 shares, a modest decrease of about 3.7%. The prices reported ($3.75 and $3.7552) reflect executed sale prices; no derivative transactions or purchases were reported. Without additional context on timing or rationale, these disposals are a neutral signal.

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)
08/29/2025

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	08/29/2025		S		29,770	D	$3.75	2,881,950	D
Class A Common Stock	09/03/2025		S		76,685	D	$3.7552	2,805,265	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	09/03/2025
	** 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 were reported for SATL on this Form 4?

The Form 4 reports two open-market sales by Emiliano Kargieman: 29,770 shares sold on 08/29/2025 at $3.75 and 76,685 shares sold on 09/03/2025 at $3.7552.

How did Emiliano Kargieman's beneficial ownership change after the reported sales?

Beneficial ownership declined from 2,881,950 shares to 2,805,265 shares following the reported transactions.

What is Emiliano Kargieman's role at Satellogic according to the filing?

The filing lists Emiliano Kargieman as Chief Executive Officer, Director, and a 10% owner of Satellogic.

Were any derivative securities reported on this Form 4?

No derivative securities were reported; Table II for derivative securities is empty in this filing.

When was the Form 4 signed and who signed it?

The Form 4 was signed by Rick Dunn, Attorney-in-fact for Emiliano Kargieman on 09/03/2025.