Satellogic (SATL) Director Kelly J. Kennedy Receives RSU Award

What Happened
Kelly J. Kennedy, a director of Satellogic Inc. (NASDAQ: SATL), was granted 20,787 restricted stock units (RSUs) on June 10, 2026. The grant is reported as an award (transaction code A) with a reported acquisition price of $0.00 (no cash paid). The RSUs are a derivative award that will convert into common shares only upon vesting.

Key Details

• Transaction date: June 10, 2026; Amended Form 4 filed: July 21, 2026.
• Grant: 20,787 RSUs at $0.00 (award/derivative).
• Vesting: All 20,787 RSUs vest on May 31, 2027, subject to Ms. Kennedy’s continued service through that date (footnote disclosed).
• Shares owned after the transaction: not specified in the amended filing.
• Filing status: Amended and filed more than a month after the grant (late relative to the typical 2-business-day Form 4 deadline); no reason for the amendment provided in the filing.

Context
RSUs are compensation awards that convert into shares only when vesting conditions are met and do not represent an immediate open-market purchase or sale. Director grants are commonly part of non-cash compensation; they should be viewed differently from purchases/sales when assessing insider sentiment.