Kennedy Kelly J. 4

What Happened Kennedy Kelly, a director of Satellogic Inc. (SATL), had 49,435 restricted stock units (RSUs) vest on May 31, 2026 and converted those RSUs into 49,435 common shares. The conversion was reported as an exercise/conversion of a derivative at $0.00 per share (total cash paid $0). No shares were sold in this transaction.

Key Details

• Transaction date: 2026-05-31; Form filed: 2026-06-01 (timely).
• Transaction type/code: Exercise/conversion of derivative (code M) — 49,435 shares acquired; same 49,435 derivative units reported as disposed (derivative extinguished).
• Price paid: $0.00 per share (RSU vesting/conversion, not a cash purchase).
• Shares owned after transaction: not specified in the provided filing data.
• Footnote: The shares came from 49,435 RSUs granted on June 23, 2025 that vested on May 31, 2026 (footnote F1).
• No sale, 10b5-1 plan, or tax-withholding detail was reported in the provided summary.

Context This was a standard equity-compensation vesting event converting RSUs into common stock, not an open-market purchase or sale. Such conversions reflect compensation being paid out as stock and do not by themselves signal a director buying or selling based on new information. Transaction code M simply denotes conversion/exercise of a derivative instrument (here, RSUs converting to common shares).