Liberty entity sells 10M Satellogic (NASDAQ: SATL) shares

Rhea-AI Filing Summary

Satellogic Inc. reported that Liberty Strategic Capital (SATL) Holdings, LLC completed an open-market sale of 10,000,000 shares of Class A Common Stock on May 26, 2026 at an average price of $9.77 per share. The shares are held indirectly, with Liberty 77 Capital L.P., Liberty 77 Capital Partners L.P., Liberty Capital L.L.C. and STM Partners LLC identified as related entities. Steven T. Mnuchin, a director of Satellogic Inc. and president of STM Partners LLC, is also a reporting person. Each reporting person disclaims beneficial ownership of the securities except to the extent of its or his pecuniary interest, and the filing shows 10,000,000 shares of Class A Common Stock held indirectly following the transaction.

Insights

Securities law and insider-transactions analyst

Large indirect sale by Liberty-affiliated holder, with ownership disclaimed beyond pecuniary interest.

The filing shows Liberty Strategic Capital (SATL) Holdings, LLC executing an open-market sale of 10,000,000 Satellogic Class A shares at $9.77 per share. This is an indirect holding, with several Liberty entities and Steven T. Mnuchin listed as reporting persons.

Footnotes state that each reporting person disclaims beneficial ownership except for any pecuniary interest. This language is common when complex fund and partnership structures are involved, and it clarifies that control and economic exposure may differ across entities.

The transaction summary indicates a net sell of 10,000,000 shares, and the table shows 10,000,000 shares held indirectly after the trade. Actual impact on overall ownership structure depends on prior positions and other holders, which are not detailed in this excerpt.

Insider Trade Summary

Net Seller: 10,000,000 shares ($97,700,000)

Net Sell 1 txn

Insider Liberty 77 Capital L.P., Liberty Strategic Capital (SATL) Holdings, LLC, Liberty 77 Capital Partners L.P., Liberty Capital L.L.C., STM Partners LLC, MNUCHIN STEVEN T

Role null | null | null | null | null | null

Sold 10,000,000 shs ($97.70M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	10,000,000	$9.77	$97.70M

Holdings After Transaction: Class A Common Stock — 10,000,000 shares (Indirect, See footnotes)

Footnotes (1)

1. The Class A common stock included herein is held by Liberty Strategic Capital (SATL) Holdings, LLC ("Liberty SATL"). Liberty 77 Capital L.P. (the "Liberty Manager") is the investment manager of the managing members of Liberty SATL. Liberty 77 Capital Partners L.P. is the general partner of the Liberty Manager. Liberty Capital L.L.C. is the general partner of Liberty 77 Capital Partners L.P. STM Partners LLC is the manager of Liberty Capital L.L.C. Steven T. Mnuchin is a director of Satellogic Inc. and the president of STM Partners LLC. Each Reporting Person disclaims beneficial ownership of these securities except to the extent of its or his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.

Key Figures

Shares sold: 10,000,000 shares Sale price per share: $9.77 per share Net shares sold: 10,000,000 shares +1 more

4 metrics

Shares sold 10,000,000 shares Class A Common Stock sold on May 26, 2026

Sale price per share $9.77 per share Open-market sale of Class A Common Stock

Net shares sold 10,000,000 shares Net-sell direction in transaction summary

Shares held after transaction 10,000,000 shares Indirect Class A Common Stock holdings following transaction

Key Terms

pecuniary interest, beneficial ownership, Section 16, indirect, +1 more

5 terms

pecuniary interest financial

"disclaims beneficial ownership of these securities except to the extent of its or his pecuniary interest therein"

beneficial ownership regulatory

"shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Section 16 regulatory

"shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

indirect financial

"Class A common stock included herein is held by Liberty Strategic Capital (SATL) Holdings, LLC"

open-market sale financial

"transaction_action": "open-market sale", "transaction_code_description": "Sale in open market or private transaction""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

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^*

Liberty 77 Capital L.P.

(Last) (First) (Middle)

2099 PENNSYLVANIA AVENUE NW

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20006

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/26/2026		S		10,000,000	D	$9.77	10,000,000	I	See footnotes(1)(2)

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

1. Name and Address of Reporting Person^*

Liberty 77 Capital L.P.

(Last) (First) (Middle)

2099 PENNSYLVANIA AVENUE NW

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20006

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Liberty Strategic Capital (SATL) Holdings, LLC

(Last) (First) (Middle)

C/O LIBERTY 77 CAPITAL L.P.

2099 PENNSYLVANIA AVENUE NW

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20006

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Liberty 77 Capital Partners L.P.

(Last) (First) (Middle)

C/O LIBERTY 77 CAPITAL L.P.

2099 PENNSYLVANIA AVENUE NW

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20006

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Liberty Capital L.L.C.

(Last) (First) (Middle)

C/O LIBERTY 77 CAPITAL L.P.

2099 PENNSYLVANIA AVENUE NW

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20006

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

STM Partners LLC

(Last) (First) (Middle)

C/O LIBERTY 77 CAPITAL L.P.

2099 PENNSYLVANIA AVENUE NW

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20006

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

MNUCHIN STEVEN T

(Last) (First) (Middle)

C/O LIBERTY 77 CAPITAL L.P.

2099 PENNSYLVANIA AVE NW

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20006

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The Class A common stock included herein is held by Liberty Strategic Capital (SATL) Holdings, LLC ("Liberty SATL"). Liberty 77 Capital L.P. (the "Liberty Manager") is the investment manager of the managing members of Liberty SATL. Liberty 77 Capital Partners L.P. is the general partner of the Liberty Manager. Liberty Capital L.L.C. is the general partner of Liberty 77 Capital Partners L.P. STM Partners LLC is the manager of Liberty Capital L.L.C. Steven T. Mnuchin is a director of Satellogic Inc. and the president of STM Partners LLC.

2. Each Reporting Person disclaims beneficial ownership of these securities except to the extent of its or his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.

Remarks:

Exhibit 99.1 - Joint Filer Information

	/s/ See Signatures Included in Exhibit 99.1	05/28/2026
	** 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.
* Form 4: SEC 1474 (03-26)