[Form 4] Satellogic Inc. Insider Trading Activity

Rhea-AI Filing Summary

Satellogic Inc. reported an insider transaction involving entities affiliated with Cantor Fitzgerald. CFAC Holdings V, LLC, Cantor Fitzgerald & Co., and Cantor Fitzgerald Securities sold 500,000 shares of Class A common stock in an open-market transaction at a weighted average price of $5.008 per share, within a price range of $4.98 to $5.06. Following the sale, the filing shows 12,356,500 shares of Class A common stock indirectly held. The footnotes state that Cantor Fitzgerald, L.P., CF Group Management Inc., and Brandon G. Lutnick are associated with these entities and that the reporting persons disclaim beneficial ownership of securities held by CFAC, Cantor Fitzgerald & Co., and Cantor Fitzgerald Securities in excess of any pecuniary interest.

Insights

Equity analyst

Cantor-affiliated entities executed a sizable but partial open-market sale in Satellogic while retaining a large indirect position.

Entities affiliated with Cantor Fitzgerald executed an open-market sale of 500,000 shares of Satellogic Class A common stock at a weighted average price of $5.008 per share, within a disclosed range of $4.98 to $5.06. The transaction is recorded as an indirect holding change.

After the sale, the filing reports 12,356,500 shares of Class A common stock indirectly held, indicating a substantial remaining position. Footnotes clarify that CFAC Holdings V, Cantor Fitzgerald & Co., and Cantor Fitzgerald Securities are the record holders and that related Cantor entities and Brandon G. Lutnick disclaim beneficial ownership beyond their pecuniary interest, which frames this as an institutional position adjustment rather than a purely personal trade.

Insider Trade Summary

Net Seller: 500,000 shares ($2,504,000)

Net Sell 1 txn

Insider CANTOR FITZGERALD, L. P., CFAC Holdings V, LLC, CANTOR FITZGERALD & CO., CANTOR FITZGERALD SECURITIES, CF GROUP MANAGEMENT INC, Lutnick Brandon

Role Insider | Insider | Insider | Insider | Insider | Insider

Sold 500,000 shs ($2.50M)

Type	Security	Shares	Price	Value
Sale	Class A common stock	500,000	$5.008	$2.50M

Holdings After Transaction: Class A common stock — 12,356,500 shares (Indirect, See Foot Note)

Footnotes (1)

1. CFAC Holdings V, LLC ("CFAC"), Cantor Fitzgerald & Co. ("CF&Co.") and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $4.98 to $5.06.

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

X

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^*

CANTOR FITZGERALD, L. P.

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

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	03/23/2026		S		500,000	D	$5.008(2)	12,356,500	I	See Foot Note(1)

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^*

CANTOR FITZGERALD, L. P.

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

CFAC Holdings V, LLC

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

CANTOR FITZGERALD & CO.

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

CANTOR FITZGERALD SECURITIES

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

CF GROUP MANAGEMENT INC

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Lutnick Brandon

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. CFAC Holdings V, LLC ("CFAC"), Cantor Fitzgerald & Co. ("CF&Co.") and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

2. Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $4.98 to $5.06.

Remarks:

(1) As a result of the sales reported herein, the Reporting Persons no longer own 10% or more of the Issuer's outstanding Class A common stock. The Reporting Persons are filing this Form 4 to report that they are no longer Reporting Persons of the Issuer. All of the sales reported herein were made by CF&Co. CF&Co. has agreed to disgorge to the Issuer all statutory "profits" pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, that resulted from the transactions reported herein (if any). CF&Co. undertakes to provide upon request by the SEC staff, the Issuer, or a security holder of the Issuer, to provide full information regarding the number of shares purchased or sold at each separate price.

	/s/ Brandon Lutnick	03/25/2026
	/s/ Brandon Lutnick, as Chief Executive Officer of CFAC Holdings V, LLC	03/25/2026
	/s/ Brandon Lutnick, as Chief Executive Officer of Cantor Fitzgerald, L.P.	03/25/2026
	/s/ Brandon Lutnick, as Chief Executive Officer of CF Group Management Inc.	03/25/2026
	/s/ Pascal Bandelier, as Co-CEO of Cantor Fitzgerald Securities	03/25/2026
	/s/ Pascal Bandelier, as Co-CEO of Cantor Fitzgerald & Co.	03/25/2026
	** 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)