SCHEDULE: Cantor Fitzgerald Adjusts Satellogic Stake

Cantor Fitzgerald entities and Brandon Lutnick have updated their beneficial ownership of Satellogic Inc. Class A Common Stock, reporting a combined 5.7% stake as of May 11, 2026.

Summary

• This filing is an amendment to a Schedule 13D, detailing changes in beneficial ownership of Satellogic Inc. Class A Common Stock by Cantor Fitzgerald, L.P., CF Group Management, Inc., CFAC Holdings V, LLC, Cantor Fitzgerald Securities, and Brandon G. Lutnick.
• As of May 11, 2026, the reporting persons collectively beneficially own 7,862,352 shares of Class A Common Stock, representing approximately 5.7% of the outstanding shares.
• This percentage is based on 137,661,456 shares of Class A Common Stock outstanding as of May 4, 2026, as reported by Satellogic Inc. in its Form 10-Q filed on May 12, 2026.
• CFAC Holdings V, LLC directly owns 7,048,281 shares (5.1%), and Cantor Fitzgerald Securities directly owns 814,071 shares (0.6%).
• The filing also notes that up to 1,863,696 shares owned by CFAC are subject to forfeiture based on vesting and earn-out targets.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily serving as a routine update on beneficial ownership and recent share transactions without providing new strategic or financial performance information.

Positives

• The reporting persons maintain a significant stake in Satellogic Inc., indicating continued interest and investment.
• The filing provides updated information on beneficial ownership, ensuring transparency for investors.
• The share count is based on the issuer's reported outstanding shares as of a recent date (May 4, 2026).

Negatives

• A portion of CFAC Holdings V, LLC's shares (up to 1,863,696) are subject to forfeiture based on vesting and earn-out targets, introducing uncertainty regarding the net beneficial ownership.
• The filing details several sales of Class A Common Stock by CFAC Holdings V, LLC in April and May 2026, indicating a reduction in their direct holdings during that period.

Risks

• The forfeiture of up to 1,863,696 shares by CFAC Holdings V, LLC introduces a risk that the actual beneficial ownership could be lower than reported.
• The sales of shares by CFAC Holdings V, LLC in the open market could indicate a potential shift in strategy or a need for liquidity, which could be perceived negatively by the market.

Future Outlook

The filing does not contain forward-looking statements or guidance. It primarily reports on current beneficial ownership and past transactions.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant ownership changes by institutional investors and major shareholders. This update from Cantor Fitzgerald and its affiliates provides insight into their ongoing position in Satellogic Inc., a company operating in the rapidly evolving satellite technology and data analytics sector.

Stakeholder Impact

• Shareholders: The filing provides transparency on the holdings of a significant investor group, which can influence market perception and trading activity.
• Management: The reporting persons' stake and potential forfeiture clauses may influence strategic decisions and governance discussions.
• Creditors: While not directly addressed, significant shifts in major shareholder positions can indirectly impact a company's perceived stability.

Next Steps

• The reporting persons will continue to monitor their beneficial ownership and may engage in further transactions or strategic discussions regarding Satellogic Inc. securities.

Key Dates

Keywords

Satellogic Inc., Schedule 13D, Beneficial Ownership, Cantor Fitzgerald, Brandon Lutnick, Class A Common Stock, SEC Filing, Amendment, Equity Stake