STOCK TITAN

Cantor group exits 5% holder status in Satellogic (SATL) after share sales

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Cantor Fitzgerald affiliates and Brandon G. Lutnick filed Amendment No. 8 reporting that they are no longer beneficial owners of more than five percent of Satellogic Inc. Class A common stock. They now beneficially own 6,443,736 shares, or about 4.7% of the class, based on 137,661,456 shares outstanding as of May 4, 2026.

CFAC directly holds these 6,443,736 shares, including up to 1,863,696 shares subject to forfeiture tied to vesting and earn-out targets. Leading up to this exit filing, CFAC and Cantor Fitzgerald Securities sold several blocks of stock in open-market transactions between May 13 and May 18, 2026 at weighted average prices ranging from $8.04 to $9.63 per share.

Positive

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Insights

Cantor-related entities reduced Satellogic ownership below 5%, ending large-holder status.

The reporting group led by Cantor Fitzgerald and Brandon G. Lutnick now reports beneficial ownership of 6,443,736 Satellogic Class A shares, or 4.7% of the class, based on 137,661,456 shares outstanding as of May 4, 2026. This moves them below the five percent threshold that triggers full Schedule 13D reporting.

Recent activity includes multiple open-market sales: 250,000 shares at a weighted average of $8.04 on May 13, 2026, 335,958 shares at $8.46 and 64,071 shares at $8.66 on May 14, 2026, 750,000 shares at $9.28 on May 15, 2026, and 18,587 shares at $9.63 on May 18, 2026. Subsequent filings may clarify whether ownership continues to change, but this amendment itself primarily documents a status shift below five percent.

Beneficial ownership 6,443,736 shares Class A common stock beneficially owned by each non-CFS reporting person
Ownership percentage 4.7% Percent of Satellogic Class A common stock represented by 6,443,736 shares
Shares outstanding 137,661,456 shares Class A common stock outstanding as of May 4, 2026 per Form 10-Q
CFAC sale May 13, 2026 250,000 shares at $8.04 Open-market sale at weighted average price
CFAC sale May 14, 2026 335,958 shares at $8.46 Open-market sale at weighted average price
CFS sale May 14, 2026 64,071 shares at $8.66 Open-market sale at weighted average price
CFS sale May 15, 2026 750,000 shares at $9.28 Open-market sale at weighted average price
CFAC sale May 18, 2026 18,587 shares at $9.63 Open-market sale at weighted average price
beneficial owner financial
"On May 15, 2026, the Reporting Persons ceased to be the beneficial owner of more than five percent"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting and dispositive power financial
"has shared voting and dispositive power with respect to, 6,443,736 shares of Class A Common Stock"
exit filing financial
"On May 15, 2026, the Reporting Persons ceased to be the beneficial owner of more than five percent ... this Amendment No. 8 constitutes an exit filing"
subject to forfeiture financial
"including up to 1,863,696 shares of Class A Common Stock that are subject to forfeiture based on vesting and earn-out targets"
weighted average price financial
"sold 250,000 shares of Class A Common Stock in the open market at a weighted average price of $8.04"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.





G7823S101

(CUSIP Number)
Brandon Lutnick
110 East 59th Street,
New York, NY, 10022
212-938-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
05/15/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Cantor Fitzgerald, L.P.
Signature:/s/ Brandon Lutnick
Name/Title:Brandon Lutnick/Chief Executive Officer
Date:05/19/2026
CF Group Management, Inc.
Signature:/s/ Brandon Lutnick
Name/Title:Brandon Lutnick/Chief Executive Officer
Date:05/19/2026
CFAC Holdings V, LLC
Signature:/s/ Brandon Lutnick
Name/Title:Brandon Lutnick/Chief Executive Officer
Date:05/19/2026
Cantor Fitzgerald Securities
Signature:/s/ Pascal Bandelier
Name/Title:Pascal Bandelier, Co-Chief Executive Officer
Date:05/19/2026
Brandon G. Lutnick
Signature:/s/ Brandon G. Lutnick
Name/Title:Brandon G. Lutnick
Date:05/19/2026

FAQ

How much of Satellogic (SATL) do the Cantor reporting persons now own?

They report beneficial ownership of 6,443,736 Satellogic Class A shares, representing about 4.7% of the class. This percentage is calculated against 137,661,456 shares outstanding as of May 4, 2026, based on the company’s Form 10-Q disclosure.

Why is this Satellogic (SATL) Schedule 13D/A called an exit filing?

The amendment is an exit filing because the reporting persons ceased to be beneficial owners of more than five percent of Satellogic’s Class A common stock on May 15, 2026. Falling below this threshold ends their status as a large 5% holder.

What recent Satellogic (SATL) stock sales did the filing disclose?

The filing lists several open-market sales: 250,000 shares at $8.04 on May 13, 2026, 335,958 shares at $8.46 and 64,071 shares at $8.66 on May 14, 750,000 shares at $9.28 on May 15, and 18,587 shares at $9.63 on May 18.

What is the share count used to calculate ownership in this Satellogic (SATL) filing?

Ownership percentages are based on 137,661,456 shares of Class A common stock outstanding as of May 4, 2026. This share count comes from Satellogic’s Form 10-Q for the quarter ended March 31, 2026, filed on May 12, 2026.

Do Cantor Fitzgerald Securities and Brandon G. Lutnick still report Satellogic (SATL) holdings?

Cantor Fitzgerald Securities reports 0 Satellogic shares and a 0.0% stake. Brandon G. Lutnick may be deemed to share voting and dispositive power over the 6,443,736 shares held through CFAC, while disclaiming ownership beyond any pecuniary interest.