[144] Block, Inc. SEC Filing

Rhea-AI Filing Summary

Satellogic Inc. (SATL) – Form 4 insider filing

On 06/23/2025, CEO, Director and 10% owner Emiliano Kargieman converted 3,000,000 Class B shares into 3,000,000 Class A shares (Transaction Code “M”) at a price of $0. Following the conversion he now directly owns 3,000,000 Class A shares and continues to hold 10,582,642 Class B shares as derivative securities. The exchange occurred on a one-for-one basis; any Class B still outstanding on 01/25/2027 will automatically convert to Class A.

The filing records a reclassification of the insider’s equity rather than an open-market trade, increasing the publicly tradable Class A float by 3 million shares.

Positive

• None.

Negative

• 3 million additional Class A shares enter the public float, incrementally diluting existing Class A holders.

Insights

Financial Analyst

TL;DR – Insider reclassifies 3 M shares; neutral liquidity uptick.

The conversion adds 3 million Class A shares to the float without cash proceeds or insider disposition, signalling neither bullish buying nor bearish selling. Kargieman still controls 10.6 million Class B shares, so overall exposure remains high. While the change marginally boosts liquidity, it also modestly enlarges the Class A share count. Because no price was paid, the transaction is best viewed as administrative rather than fundamental. Impact on valuation is therefore limited.

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

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	3600	269748.00	615019000	08/01/2025	NYSE

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	11/20/2023	Restricted Stock	Issuer			68	11/20/2023	Not Applicable
Common	10/03/2022	Restricted Stock	Issuer			293	10/03/2022	Not Applicable
Common	08/20/2023	Restricted Stock	Issuer			2229	08/20/2023	Not Applicable
Common	05/20/2023	Restricted Stock	Issuer			700	05/20/2023	Not Applicable
Common	11/15/2023	Employee Stock Purchase Plan	Issuer			310	11/15/2023	Cash

* 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
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	07/23/2025	400	32000.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	07/23/2025	400	32000.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	07/17/2025	800	56000.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	07/15/2025	397	27019.82
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	07/15/2025	961	65405.66
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	07/15/2025	1442	98142.52
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	07/02/2025	800	56000.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	07/01/2025	261	17680.14
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	07/01/2025	2539	171991.86
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	06/30/2025	2087	140329.88
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	06/30/2025	313	21046.12
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	06/16/2025	2800	177828.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	06/02/2025	2800	169568.00
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	05/27/2025	5659	347530.51
DHANANJAY PRASANNA 1955 Broadway, Suite 600 Oakland CA 95612	Common	05/27/2025	5659	347530.51

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

What did SATL's CEO report in the latest Form 4?

He converted 3,000,000 Class B shares into 3,000,000 Class A shares at no cost.

How many SATL Class A shares does Emiliano Kargieman now hold?

After the transaction he directly owns 3,000,000 Class A shares.

What remains of the insider's Class B holdings?

He still holds 10,582,642 Class B shares, which can be converted on the same 1-for-1 basis.

Was there any open-market sale or purchase involved?

No. The filing shows a share class conversion (code “M”) with $0 price; no shares were bought or sold in the market.

When will all outstanding Class B shares automatically convert?

Any Class B shares still outstanding will convert to Class A on January 25, 2027.