Satellogic (SATLW) Form 144 Discloses Recent Insider Sales and Proposed Trade

Rhea-AI Filing Summary

Insider sale disclosure for SATLW: The filing shows a proposed sale of 130 common shares via Morgan Stanley Smith Barney on 09/23/2025 with an aggregate market value of $473.20. The securities were originally acquired as founders shares on 01/26/2022. The filing also reports that Emiliano Kargieman sold a total of 1,000,000 common shares during the past three months across 10 transactions, generating gross proceeds of $3,855,236.12. The issuer's outstanding shares are listed as 94,985,681. The filer certifies no undisclosed material adverse information and includes standard Rule 144 representations.

Positive

• Full disclosure of proposed sale including broker, date, share count, and aggregate market value
• Detailed record of prior sales showing dates, share amounts, and gross proceeds for the past three months
• Acquisition provenance provided: shares identified as founders shares acquired 01/26/2022
• Filer attests there is no undisclosed material adverse information

Negative

• Substantial insider selling: a total of 1,000,000 shares sold in the past three months
• Material proceeds realized: gross proceeds of $3,855,236.12 from the recent sales
• No explanation provided in the filing for the recent concentrated dispositions or any 10b5-1 plan adoption date

Insights

Securities Analyst

TL;DR: Insider Emiliano Kargieman sold 1,000,000 shares recently; a small additional sale of 130 shares is proposed under Rule 144.

The disclosures indicate concentrated insider selling activity totaling 1,000,000 shares over the past three months for gross proceeds of $3,855,236.12. The proposed 130-share sale on 09/23/2025 is modest in size and valued at $473.20 relative to the prior transactions. The filing identifies the broker as Morgan Stanley Smith Barney and records acquisition of the shares as founders shares dated 01/26/2022. From a market-impact perspective, the recent sales equal approximately 1.05% of the outstanding share count provided (94,985,681 outstanding), but the filing itself contains no explanation for the sales.

Corporate Governance Expert

TL;DR: Filing is a routine Rule 144 notice showing insider disposition and standard attestation about material information.

The form includes required representations under Rule 144, the broker details, acquisition type (founders shares), and a signature attesting no undisclosed material information. The record of multiple recent sales by the named individual is material for governance transparency but the filing contains no additional context about any trading plan or 10b5-1 adoption date. All required transactional details appear present for the proposed sale and recent dispositions.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	130	473.20	94985681	09/23/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/26/2022	Founders Shares	Issuer			130	01/26/2022	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/16/2025	17380	65175.00
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/15/2025	209413	806135.34
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/12/2025	435956	1716271.58
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/11/2025	60416	227780.40
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/10/2025	80951	304910.04
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/09/2025	1149	4308.75
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/03/2025	76685	287967.51
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	08/29/2025	29770	111637.50
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	08/27/2025	15191	56966.25
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	08/26/2025	73089	274083.75

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many shares did the insider sell in the past three months for SATLW?

The filing lists sales totaling 1,000,000 common shares by Emiliano Kargieman during the past three months.

What were the gross proceeds from the insider sales listed in the SATLW Form 144?

The combined gross proceeds reported for the listed sales equal $3,855,236.12.

When is the proposed sale under the Form 144 scheduled for SATLW and how many shares?

A proposed sale of 130 common shares is scheduled for 09/23/2025 via Morgan Stanley Smith Barney.

What type of shares were acquired and when for the securities being sold?

The securities to be sold were acquired as founders shares on 01/26/2022.

Who is the seller named in the recent transactions on the Form 144 for SATLW?

The seller listed for all recent transactions is Emiliano Kargieman with the address provided in the filing.