Satellogic (SATL) Form 4: CFO Vesting and Tax Withholding Details
Rhea-AI Filing Summary
Insider vesting and share withholding on 09/20/2025: Satellogic CFO Rick Dunn had multiple restricted stock units (RSUs) vest on September 20, 2025, resulting in acquisitions of Class A common stock and increases in reported beneficial ownership. The Form 4 shows four separate non-derivative acquisitions of 2,454, 4,830, 12,211, and 5,540 shares, bringing his direct holdings in those lines to 134,562, 139,392, 151,603, and 157,143 respectively.
RSU detail and tax withholding: Four RSU grants from 2022, 2023, 2024, and 2025 partially vested on that date, converting into Class A shares (4,692; 9,237; 23,350; 10,593). Shares were withheld to satisfy tax obligations (2,238; 4,407; 11,139; 5,053 withheld respectively). The Form is signed by Mr. Dunn on 09/24/2025.
Positive
- Scheduled RSU vesting occurred on 09/20/2025 converting RSUs into Class A common stock
- Beneficial ownership increased in the reported lines to stated totals (e.g., 157,143 shares in one reported line)
- Transactions were reported timely and signed (Form signed by Rick Dunn on 09/24/2025)
Negative
- Material withheld shares for taxes reduced net shares delivered: 2,238; 4,407; 11,139; and 5,053 withheld respectively
- No open-market purchases or sales disclosed, limiting liquidity signals from insider trading activity
Insights
TL;DR: CFO received scheduled RSU vesting on 09/20/2025, increasing direct share holdings; tax withholding reduced net issued shares.
The filing documents standard, scheduled vesting events converting RSUs into Class A shares for the CFO. The transaction codes indicate acquisition by vesting rather than open-market purchases. Reported withholding reduced the net number of shares delivered to satisfy tax obligations, with explicit withheld amounts per grant. There is no indication of open-market sales or additional compensatory adjustments in this filing.
TL;DR: This Form 4 reflects routine executive compensation vesting and tax-withholding mechanics; no governance concerns disclosed.
The disclosure shows periodic vesting from multiple historic grants with quarter-based schedules, consistent with long-term incentive plans tied to continued employment. All transactions are reported as direct beneficial ownership by the reporting person and appropriately documented with withheld shares for taxes. The filing contains required signature and dates and does not disclose any departures, pledges, or derivative exercises beyond RSU vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,692 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 9,237 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 23,350 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 10,593 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,454 | $0.00 | -- |
| Exercise | Class A Common Stock | 4,830 | $0.00 | -- |
| Exercise | Class A Common Stock | 12,211 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,540 | $0.00 | -- |
Footnotes (1)
- On December 2, 2022, Mr. Dunn was granted 75,072 RSUs. These RSUs vest in equal quarterly installments from December 2, 2022 through March 20, 2026, generally subject to continued employment through each vesting date. On September 20, 2025, 4,692 shares vested of which 2,238 shares were withheld in order to satisfy Mr. Dunn's obligations for payment of withholding and other taxes due in connection therewith. On August 9. 2023, Mr. Dunn was granted 147,801 RSUs. These RSUs vest in equal quarterly installments from September 20, 2023 through June 20, 2027, generally subject to continued employment through each vesting date. On September 20, 2025, 9,237 shares vested of which 4,407 shares were withheld in order to satisfy Mr. Dunn's obligations for payment of withholding and other taxes due in connection therewith. On June 7, 2024, Mr. Dunn was granted 373,595 RSUs. These RSUs vest in equal quarterly installments from June 20, 2024 through March 20, 2028, generally subject to continued employment through each vesting date. On September 20, 2025, 23,350 shares vested of which 11,139 shares were withheld in order to satisfy Mr. Dunn's obligations for payment of withholding and other taxes due in connection therewith. On June 23, 2025, Mr. Dunn was granted 169,492 RSUs. These RSUs vest in equal quarterly installments from June 23, 2025 through June 20, 2029, generally subject to continued employment through each vesting date. On September 20, 2025, 10,593 shares vested of which 5,053 shares were withheld in order to satisfy Mr. Dunn's obligations for payment of withholding and other taxes due in connection therewith.
