Large owner Cantor Fitzgerald, L. P. bought $18,800 worth of shares (10,000 units at $1.88) and sold $18,710 worth of shares (10,000 units at $1.87) (SEC Form 4)

12/11/25 4:00:11 PM ET

$SATL

Radio And Television Broadcasting And Communications Equipment

Technology

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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CANTOR FITZGERALD, L. P.

(Last)

(First)

(Middle)

110 EAST 59TH STREET

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Satellogic Inc. [ SATL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A common stock	12/09/2025		P		10,000	A	$1.88	13,390,873	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		400	D	$1.875	13,390,473	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		300	D	$1.875	13,390,173	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		100	D	$1.875	13,390,073	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		300	D	$1.875	13,389,773	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		100	D	$1.875	13,389,673	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		200	D	$1.875	13,389,473	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		100	D	$1.875	13,389,373	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		100	D	$1.875	13,389,273	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		100	D	$1.875	13,389,173	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		100	D	$1.875	13,389,073	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		100	D	$1.875	13,388,973	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		100	D	$1.875	13,388,873	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		80	D	$1.875	13,388,793	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		200	D	$1.87	13,388,593	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		51	D	$1.87	13,388,542	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		100	D	$1.87	13,388,442	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		600	D	$1.87	13,387,842	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		100	D	$1.87	13,387,742	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		1,900	D	$1.87	13,385,842	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		500	D	$1.87	13,385,342	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		1,761	D	$1.87	13,383,581	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		300	D	$1.87	13,383,281	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		200	D	$1.87	13,383,081	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		8	D	$1.87	13,383,073	I	See Footnote⁽¹⁾
Class A common stock	12/09/2025		S		2,200	D	$1.87	13,380,873	I	See Footnote⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

CANTOR FITZGERALD, L. P.

(Last)

(First)

(Middle)

110 EAST 59TH STREET

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

CFAC Holdings V, LLC

(Last)

(First)

(Middle)

110 EAST 59TH STREET

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

CANTOR FITZGERALD & CO.

(Last)

(First)

(Middle)

110 EAST 59TH STREET

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

CANTOR FITZGERALD SECURITIES

(Last)

(First)

(Middle)

110 EAST 59TH STREET

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

CF GROUP MANAGEMENT INC

(Last)

(First)

(Middle)

110 EAST 59TH STREET

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Lutnick Brandon

(Last)

(First)

(Middle)

110 EAST 59TH STREET

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

The trades reported herein occurred as the result of customer order facilitation by Cantor Fitzgerald & Co. ("CF&Co") acting as principal.

	/s/ Brandon Lutnick	12/11/2025
	/s/ Brandon Lutnick, as Chief Executive Officer of CFAC Holdings V, LLC	12/11/2025
	/s/ Brandon Lutnick, as Chief Executive Officer of Cantor Fitzgerald, L.P.	12/11/2025
	/s/ Brandon Lutnick, as Chief Executive Officer of CF Group Management Inc.	12/11/2025
	/s/ Pascal Bandelier, as Co-CEO of Cantor Fitzgerald Securities	12/11/2025
	/s/ Pascal Bandelier, as Co-CEO of Cantor Fitzgerald & Co.	12/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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Date

Price Target

Rating

Analyst

5/10/2022

$5.00

Underweight

Piper Sandler

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)

2. Transaction Date (Month/Day/Year)

2A. Deemed Execution Date, if any (Month/Day/Year)

3. Transaction Code (Instr. 8)

4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)

6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

7. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

Amount

(A) or (D)

Price

Class A common stock

12/09/2025

10,000

$1.88

13,390,873

See Footnote⁽¹⁾

Class A common stock

12/09/2025

400

$1.875

13,390,473

See Footnote⁽¹⁾

Class A common stock

12/09/2025

300

$1.875

13,390,173

See Footnote⁽¹⁾

Class A common stock

12/09/2025

100

$1.875

13,390,073

See Footnote⁽¹⁾

Class A common stock

12/09/2025

300

$1.875

13,389,773

See Footnote⁽¹⁾

Class A common stock

12/09/2025

100

$1.875

13,389,673

See Footnote⁽¹⁾

Class A common stock

12/09/2025

200

$1.875

13,389,473

See Footnote⁽¹⁾

Class A common stock

12/09/2025

100

$1.875

13,389,373

See Footnote⁽¹⁾

Class A common stock

12/09/2025

100

$1.875

13,389,273

See Footnote⁽¹⁾

Class A common stock

12/09/2025

100

$1.875

13,389,173

See Footnote⁽¹⁾

Class A common stock

12/09/2025

100

$1.875

13,389,073

See Footnote⁽¹⁾

Class A common stock

12/09/2025

100

$1.875

13,388,973

See Footnote⁽¹⁾

Class A common stock

12/09/2025

100

$1.875

13,388,873

See Footnote⁽¹⁾

Class A common stock

12/09/2025

$1.875

13,388,793

See Footnote⁽¹⁾

Class A common stock

12/09/2025

200

$1.87

13,388,593

See Footnote⁽¹⁾

Class A common stock

12/09/2025

$1.87

13,388,542

See Footnote⁽¹⁾

Class A common stock

12/09/2025

100

$1.87

13,388,442

See Footnote⁽¹⁾

Class A common stock

12/09/2025

600

$1.87

13,387,842

See Footnote⁽¹⁾

Class A common stock

12/09/2025

100

$1.87

13,387,742

See Footnote⁽¹⁾

Class A common stock

12/09/2025

1,900

$1.87

13,385,842

See Footnote⁽¹⁾

Class A common stock

12/09/2025

500

$1.87

13,385,342

See Footnote⁽¹⁾

Class A common stock

12/09/2025

1,761

$1.87

13,383,581

See Footnote⁽¹⁾

Class A common stock

12/09/2025

300

$1.87

13,383,281

See Footnote⁽¹⁾

Class A common stock

12/09/2025

200

$1.87

13,383,081

See Footnote⁽¹⁾

Class A common stock

12/09/2025

$1.87

13,383,073

See Footnote⁽¹⁾

Class A common stock

12/09/2025

2,200

$1.87

13,380,873

See Footnote⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Date

Price Target

Rating

Analyst

5/10/2022

$5.00

Underweight

Piper Sandler

Large owner Cantor Fitzgerald, L. P. bought $18,800 worth of shares (10,000 units at $1.88) and sold $18,710 worth of shares (10,000 units at $1.87) (SEC Form 4)

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$SATL

Large owner Cantor Fitzgerald, L. P. bought $18,800 worth of shares (10,000 units at $1.88) and sold $18,710 worth of shares (10,000 units at $1.87) (SEC Form 4)

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