Satellogic Insider Sales: Kargieman Reduces Stake to 2,000,000 Shares

Rhea-AI Filing Summary

Insider sales reduced Emiliano Kargieman's holdings in Satellogic Inc. (SATL). The Form 4 shows three open-market sales: 435,956 shares on 09/12/2025 at $3.9368, 209,413 shares on 09/15/2025 at $3.8495, and 17,380 shares on 09/16/2025 at $3.75. Following these trades his reported beneficial ownership decreased from 2,226,793 shares to 2,000,000 shares.

Positive

• None.

Negative

• Insider sold a total of 662,749 shares across three transactions on 09/12, 09/15 and 09/16/2025
• Reported beneficial ownership decreased from 2,226,793 shares to 2,000,000 shares
• Sales executed at prices between $3.75 and $3.9368, indicating insider liquidity taken at those levels

Insights

Financial Analyst

TL;DR: Significant insider selling reduced beneficial ownership by 226,793 shares across three transactions.

The reporting shows Emiliano Kargieman executed three sales totaling 662,749 shares between 09/12/2025 and 09/16/2025 at prices between $3.75 and $3.9368. Reported beneficial ownership fell to 2,000,000 shares. These transactions are material as they change an insider's stake and provide clear realized liquidity at the stated prices.

Corporate Governance Expert

TL;DR: Director/CEO and 10% owner reported routine open-market sales; ownership remains disclosed and above disclosure thresholds.

The Form 4 confirms the reporting person is a Director, CEO and 10% owner and that the trades were reported by an attorney-in-fact. The form lists explicit share counts and prices and shows proper Form 4 disclosure. From a governance perspective, timely reporting and clear reduction in holdings are the primary takeaways.

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).

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)
09/12/2025

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	09/12/2025		S		435,956	D	$3.9368	2,226,793	D
Class A Common Stock	09/15/2025		S		209,413	D	$3.8495	2,017,380	D
Class A Common Stock	09/16/2025		S		17,380	D	$3.75	2,000,000	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	09/16/2025
	** 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 three open-market sales by Emiliano Kargieman: 435,956 shares on 09/12/2025 at $3.9368, 209,413 shares on 09/15/2025 at $3.8495, and 17,380 shares on 09/16/2025 at $3.75.

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

Beneficial ownership decreased from 2,226,793 shares to 2,000,000 shares following the reported sales.

What roles does the reporting person hold at Satellogic (SATL)?

The filer is identified as a Director, Chief Executive Officer, and a 10% owner of Satellogic Inc.

Were the Form 4 transactions executed at similar prices?

Yes; the three reported sales occurred at prices between $3.75 and $3.9368 per share.

Who signed the Form 4 on behalf of the reporting person?

The Form 4 was signed by Rick Dunn, Attorney-in-fact for Emiliano Kargieman, dated 09/16/2025.