SATL Schedule 13D/A: Former >5% holder Lutnick completes divestiture

Rhea-AI Filing Summary

Satellogic Inc. Schedule 13D Amendment shows that Howard W. Lutnick completed a previously announced divestiture on 10/06/2025 and now reports zero beneficial ownership of the Issuer's Class A common stock. The filing amends prior Schedule 13D filings and states Lutnick no longer has voting or dispositive power over any shares.

The amendment records that Lutnick ceased to be a beneficial owner of more than 5% of Class A common stock as of 10/06/2025, and the filing is submitted to reflect his termination as a Reporting Person. Capitalized terms are as defined in the prior Schedule 13D series.

Positive

• Transparent disclosure of divestiture and zero ownership on 10/06/2025
• Completion of planned divestiture removes potential conflict tied to public office appointment

Negative

• Loss of a >5% beneficial owner may reduce concentrated shareholder support
• Potential shift in voting dynamics if related Cantor entities adjust holdings

Insights

Corporate Governance Analyst

TL;DR: A trustee divestiture removed a >5% owner and ends an insider reporting obligation.

The divestiture completed on 10/06/2025 reduces the group’s concentrated ownership by at least the stake previously held by Howard W. Lutnick, who now reports 0 voting and dispositive power. That change ends his filing duties and removes any direct governance influence tied to his prior holdings.

This reduces a potential block of coordinated shareholder voting and may modestly change ownership dynamics; watch subsequent amendments from related Cantor entities for updated aggregate positions over the next several reporting cycles.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

Satellogic Inc.

(Name of Issuer)

Class A Common Stock, $0.0001 par value

(Title of Class of Securities)

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)

10/06/2025

(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).

SCHEDULE 13D

CUSIP No. G7823S101

1

Name of reporting person

LUTNICK HOWARD W

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.00 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, $0.0001 par value
(b)	Name of Issuer: Satellogic Inc.
(c)	Address of Issuer's Principal Executive Offices: 210 Delburg Street,, Davidson, NORTH CAROLINA , 28036.
Item 1 Comment: This Amendment No. 4B (this "Amendment") amends and supplements the Schedule 13D filed with the United States Securities and Exchange Commission (the "SEC") on February 4, 2022 (the "Original Schedule 13D"), as amended by Amendment No. 1 to the Original Schedule 13D filed with the SEC on May 17, 2022 ("Amendment No. 1"), Amendment No. 2 to the Original Schedule 13D filed with the SEC on November 21, 2024 ("Amendment No. 2") and Amendment No. 3 to the Original Schedule 13D filed with the SEC on November 27, 2024 ("Amendment No. 3" and, together with the Original Schedule 13D, Amendment No. 1 and Amendment No. 2, the "Prior Schedule 13D"), by Cantor Fitzgerald, L.P., a Delaware limited partnership ("Cantor"), CF Group Management, Inc., a New York corporation ("CFGM"), CFAC Holdings V, LLC, a Delaware limited liability company ("CFAC"), Cantor Fitzgerald & Co., a New York general partnership ("CF&Co."), Cantor Fitzgerald Securities, a New York general partnership ("CFS"), and Howard W. Lutnick, and Amendment No. 4A to the Original Schedule 13D, dated October 6, 2025, filed by CFAC, CF&Co., CFS, Cantor, CFGM and Brandon G. Lutnick, relating to their beneficial ownership of shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), of Satellogic Inc. (the "Issuer"). Capitalized terms used but not defined in this Amendment have the respective meanings set forth in the Prior Schedule 13D. This Amendment No. 4B is being filed solely by Howard W. Lutnick to indicate that he no longer has any voting or dispositive power of the securities of the Issuer and therefore shall cease to be a Reporting Person.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended and supplemented with the following: Completion of Howard W. Lutnick Divestiture Mr. Howard W. Lutnick, the U.S. Secretary of Commerce and in his capacity as trustee of a trust, has completed his previously announced divestiture of his holdings in Cantor and CFGM in connection with his appointment as the U.S. Secretary of Commerce. The sale of such interests was completed on October 6, 2025, and as a result, Mr. Howard W. Lutnick no longer has any voting or dispositive power over any of the securities of the Issuer and is filing this Amendment as a final amendment to reflect his zero ownership.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated as follows: As of October 6, 2025, Mr. Howard Lutnick does not beneficially own any shares of Class A Common Stock.
(b)	Number of shares of Class A Common Stock beneficially owned as to which Howard W. Lutnick has: (i) sole power to vote or direct the vote: 0 (ii) shared power to vote or direct the vote: 0 (iii) sole power to dispose or to direct the disposition: 0 (iv) shared power to dispose of or to direct the disposition: 0
(c)	See Item 4 of this Amendment and of Amendment No. 4A, which are each incorporated by reference herein.
(d)	Not applicable.
(e)	As of October 6, 2025, Mr. Howard W. Lutnick ceased to be a beneficial owner of more than 5% of the outstanding shares of Class A Common Stock.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

LUTNICK HOWARD W

Signature:	/s/ Howard W. Lutnick
Name/Title:	Howard W. Lutnick
Date:	10/06/2025

FAQ

What did the Schedule 13D/A filed for SATL disclose?

It discloses that Howard W. Lutnick completed a divestiture and reports 0 beneficial shares of Class A common stock as of 10/06/2025.

When did Howard W. Lutnick cease to be a >5% owner of SATL?

The filing states Mr. Lutnick ceased to be a beneficial owner of more than 5% as of 10/06/2025.

Does the filing show any remaining voting or dispositive power for Lutnick?

No. The filing reports 0 sole and 0 shared voting and dispositive power.

Who filed the earlier Schedule 13D filings referenced in this amendment?

Prior Schedule 13D filings referenced include filings by Cantor Fitzgerald entities and members of that group and previous amendments listed in the document.

Is this amendment final for Howard W. Lutnick’s reporting status?

Yes. The amendment states it is being filed to indicate he no longer has voting or dispositive power and that he shall cease to be a Reporting Person.