Satellogic Inc. (SATLW) SEC Filings

Satellogic Inc. (SATL) appointed Frank Dixon Whitworth III as President, effective September 7, 2026. He is a retired U.S. Navy Vice Admiral and former Director of the National Geospatial-Intelligence Agency, with over 36 years of service and subsequent leadership roles in national security-focused businesses.

Under his offer letter, Mr. Whitworth will receive an annual base salary of $400,000, a target annual performance bonus of $240,000, and an annual restricted stock unit grant valued at $750,000, increased to $1,875,000 for his first year with no RSU grant in 2027. The initial RSU grant vests quarterly over five years, and subsequent grants vest quarterly over four years. If he is terminated without cause or resigns with good reason within 12 months of a change of control, all time-based equity awards will fully vest; if terminated without cause outside a change of control, he is eligible for six months of base salary, a prorated bonus, and partial equity acceleration, subject to a release of claims.

Satellogic Inc. (SATL) filed an initial ownership report for CFO Dustin Yoshio Greer. As of August 21, 2026, he directly holds 57,420 shares of Class A Common Stock and multiple Restricted Stock Unit (RSU) awards covering 2,512, 125, 61,250, 48,729 and 28,174 underlying Class A shares at a $0.0000 exercise price. Footnotes state these RSUs vest in quarterly installments through dates ranging from September 20, 2026 to March 20, 2030, with portions of vested shares previously withheld to cover withholding and other taxes.

Satellogic Inc. (SATL) announced that on August 21, 2026 it appointed Dustin Greer as Interim Chief Financial Officer, effective immediately. Greer will also serve as the company’s principal accounting officer. He has been Satellogic’s Senior Vice President and Corporate Controller since 2022 and previously served as Senior Director, FP&A and Business Insights for Trilogy International Partners.

The company states there are no family relationships or arrangements with other persons related to Greer’s appointment, and that he has no material interests in related-party transactions under Item 404(a) of Regulation S-K. Satellogic has not entered into or amended any material plan, contract, or arrangement with Greer in connection with this interim CFO role.

State Street Corporation reports beneficial ownership of Satelogic Inc common stock on a Schedule 13G. The filing lists 7,601,085 shares beneficially owned, representing 5.5% of the common stock class. State Street reports no sole voting or dispositive power over these shares.

The filing shows shared voting power over 7,470,766 shares and shared dispositive power over 7,601,085 shares, reflecting holdings managed through affiliated entities. Subsidiaries involved include SSGA Funds Management, Inc., State Street Bank and Trust Company, and various State Street Global Advisors entities, indicating that the position is largely held in a fiduciary or asset-management capacity for underlying clients rather than as a proprietary stake.

Satellogic Inc. reported sharp top-line growth but a larger loss for the quarter ended June 30, 2026. Revenue rose to $15.9 million from $4.4 million, driven by $8.8 million from Space Systems and $7.1 million from Data & Analytics, including Constellation-as-a-Service.

Operating income turned slightly positive at $0.3 million versus a $6.3 million loss a year earlier as gross margin and lower depreciation improved results. However, a $19.7 million quarterly loss and $132.7 million year-to-date loss from changes in the fair value of Secured Convertible Notes and warrant and earnout liabilities pushed net loss to $20.0 million for the quarter and $138.4 million year-to-date.

Liquidity strengthened, with cash, cash equivalents and restricted cash of $123.1 million at June 30, 2026, up from $102.1 million at year-end, supported by earlier equity financings and a registered direct offering. Contract liabilities increased to $18.1 million and remaining performance obligations include $45.8 million due within one year, reflecting growth in signed business, including a one-year Earth-observation agreement valued at more than $18 million and a $12 million in-orbit satellite sale.

Satellogic Inc. reported a strong second quarter of 2026, with revenue up 259% year-over-year to $15.9 million for the three months ended June 30, 2026. Growth was broad-based: the Data & Analytics business, including Constellation-as-a-Service, generated $7.1 million, while Space Systems contributed $8.8 million, both sharply higher than a year earlier. This scale drove the company’s first-ever positive operating income of $0.3 million and positive Adjusted EBITDA of $2.8 million, reflecting operating leverage in its vertically integrated model.

Despite these operating improvements, net loss was $20.0 million, compared with a $6.7 million loss a year ago, largely due to a $19.7 million non-cash charge from the change in fair value of Secured Convertible Notes, warrants and earnout liabilities tied mainly to stock price appreciation. Cash generation remained a focus: net cash used in operating activities was $8.6 million, while Non-GAAP Adjusted Operating Cash Flow improved to $(0.3) million for the quarter.

The balance sheet and backlog strengthened. Satellogic ended the quarter with $112.8 million in cash and cash equivalents. A noteholder converted $12.0 million of Secured Convertible Note principal into 10.0 million Class A shares, reducing principal outstanding to $18.0 million. Remaining performance obligations totaled $80.7 million, including $45.8 million expected as revenue within one year, supported by defense and sovereign satellite contracts and progress on the Merlin constellation, which is targeted for first launch in the fourth quarter of 2026.

BlackRock, Inc. reported beneficial ownership of 7,218,113 shares of Satellogic Inc Class A stock on a Schedule 13G filing. This represents 5.2% of the outstanding Class A shares. BlackRock has sole voting power over 7,080,849 shares and sole dispositive power over all 7,218,113 shares, with no shared voting or dispositive power reported.

Satellogic Inc. reports that Chief Financial Officer Rick Dunn has confirmed his resignation will be effective August 21, 2026, consistent with a June 8, 2026 letter agreement previously describing his transition. He will continue supporting the company until that separation date while the search for a permanent successor CFO continues.

If a permanent successor is not in place by the separation date, Satellogic expects to appoint Dustin Greer, its SVP and Corporate Controller, as interim CFO. Greer, age 47, has served as Corporate Controller since 2022 and previously worked in senior FP&A and business insights roles. The company states there are no family relationships, related-party transactions, or new compensation arrangements tied to his expected interim role. Satellogic plans to discuss the transition during its earnings call scheduled for August 5, 2026 and characterizes related succession statements as forward-looking and subject to its disclosed risk factors.

Satellogic Inc. reports that CEO Emiliano Kargieman had 12,528 Restricted Stock Units vest on July 20, 2026, converting into Class A Common Stock. Of these, 3,037 shares were withheld to cover tax obligations and 9,491 shares were delivered, bringing his direct Class A Common Stock holdings to 1,393,178 shares. Following this vesting, 187,915 RSUs from his June 10, 2026 grant of 200,443 RSUs remain outstanding, scheduled to vest in equal quarterly installments through March 20, 2030.