SEC Form 3 filed by new insider Wang Theodore Glass
$SATL
Radio And Television Broadcasting And Communications Equipment
Technology
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 03/26/2025 |
3. Issuer Name and Ticker or Trading Symbol
Satellogic Inc. [ SATL ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Options (Right to buy) | (1) | 06/18/2029 | Class A Common Stock | 110,974 | $1.03 | D | |
| Stock Options (Right to buy) | (2) | 02/20/2031 | Class A Common Stock | 221,948 | $1.2656 | D | |
| Restricted Stock Unit | (3) | (3) | Class A Common Stock | 53,272 | $0 | D | |
| Restricted Stock Unit | (4) | (4) | Class A Common Stock | 112,903 | $0 | D | |
| Restricted Stock Unit | (5) | (5) | Class A Common Stock | 175,000 | $0 | D | |
| Explanation of Responses: |
| 1. Of the original grant of 110,974 options, 27,744 options vested on August 12, 2018, and the remaining vested in tranches of approximately 27,743 options on a semi-annual basis through February 12, 2020. All such options remain unexercised. |
| 2. Of the original grant of 221,948 options, 55,487 options vested on July 1, 2021, and the remaining vested in tranches of approximately 55,487 options on a semi-annual basis through January 1, 2023. All such options remain unexercised. |
| 3. Mr. Wang was granted 53,272 RSUs on December 2, 2022, all of which vested on May 31, 2023. Grantee elected to defer receipt of shares until May 31, 2029. |
| 4. Mr. Wang was granted 112,903 RSUs on August 30, 2023, all of which vested on May 31, 2024. Grantee elected to defer receipt of shares until May 31, 2029. |
| 5. Mr. Wang was granted 175,000 RSUs on September 4, 2024, all of which will vest on May 31, 2025 subject to Mr. Wang's continued service through such date. Grantee elected to defer receipt of shares until May 31, 2035. |
| Remarks: |
| Exhibit 24 - Power of Attorney. |
| /s/ Rick Dunn, Attorney-in-fact for Ted Wang | 04/04/2025 | |
| ** 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 5 (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. | ||