Form 4: Satellogic CFO Rick Dunn's Equity Holdings Update
Insider Transaction Report
Satellogic Inc.'s Chief Financial Officer, Rick Dunn, reported the vesting of Restricted Stock Units and subsequent changes in his beneficial ownership of Class A Common Stock on December 20, 2025.
Summary
- Rick Dunn, CFO of Satellogic Inc., reported the vesting of Restricted Stock Units (RSUs) on December 20, 2025, from four separate grants.
- A total of 48,871 Class A Common Stock shares vested from these RSU grants.
- Of the vested shares, 20,920 shares were withheld by the issuer to satisfy tax obligations.
- Consequently, Dunn acquired a net total of 27,951 shares of Class A Common Stock.
- Following these transactions, Dunn's direct beneficial ownership of Class A Common Stock increased from 134,451 to 161,402 shares.
- Remaining unvested RSUs for the four grants are 4,692, 55,431, 210,149, and 148,306, respectively.
Sentiment
Score: 7
Explanation: The filing reports routine vesting of executive compensation, which is a standard part of an executive's pay package and aligns their interests with shareholders. The withholding of shares for taxes is also a standard practice.
Positives
- Vesting of 48,871 Restricted Stock Units (RSUs) on December 20, 2025, represents a realization of executive compensation.
- The acquisition of a net 27,951 shares of Class A Common Stock increases the CFO's direct equity stake in the company, aligning his interests with shareholders.
- Beneficial ownership of Class A Common Stock increased to 161,402 shares following these transactions.
Negatives
- 20,920 shares were withheld to cover tax obligations, reducing the net number of shares received by the CFO.
Future Outlook
This filing does not contain forward-looking statements or guidance regarding the company's future performance.
Industry Context
This filing is a routine insider transaction report related to executive compensation and does not provide information directly related to broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: The increase in the CFO's direct equity ownership aligns his financial interests with those of the company's shareholders.
- Employees (specifically the CFO): Realization of a portion of long-term incentive compensation.
Next Steps
- Continued quarterly vesting of remaining Restricted Stock Units for Mr. Dunn through March 20, 2026, June 20, 2027, March 20, 2028, and June 20, 2029, generally subject to continued employment.
Key Dates
| Date | Description |
|---|---|
| 12/02/2022 | Grant date for 75,072 RSUs to Mr. Dunn. |
| 08/09/2023 | Grant date for 147,801 RSUs to Mr. Dunn. |
| 09/20/2023 | Start of quarterly vesting for the August 9, 2023 RSU grant. |
| 06/07/2024 | Grant date for 373,595 RSUs to Mr. Dunn. |
| 06/20/2024 | Start of quarterly vesting for the June 7, 2024 RSU grant. |
| 06/23/2025 | Grant date for 169,492 RSUs to Mr. Dunn, and start of quarterly vesting for this grant. |
| 12/20/2025 | Transaction date for the vesting of 48,871 RSUs. |
| 12/23/2025 | Signature date of the reporting person. |
| 03/20/2026 | End of quarterly vesting for the December 2, 2022 RSU grant. |
| 06/20/2027 | End of quarterly vesting for the August 9, 2023 RSU grant. |
| 03/20/2028 | End of quarterly vesting for the June 7, 2024 RSU grant. |
| 06/20/2029 | End of quarterly vesting for the June 23, 2025 RSU grant. |
Keywords
Satellogic, SATL, Form 4, RSU, Restricted Stock Units, insider transaction, beneficial ownership, CFO, equity
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