Wang Theodore Glass 4
Research Summary
AI-generated summary
Satellogic (SATL) Director Theodore Wang Receives RSU Award
What Happened
Theodore Glass Wang, a director of Satellogic Inc. (SATL), was granted 32,665 restricted stock units (RSUs) on June 11, 2026. The grant is reported at $0.00 per share (derivative award); no cash changed hands. These RSUs represent a future right to receive common shares if vesting conditions are met.
Key Details
- Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (filed within required reporting window).
- Transaction type/code: A — Award/Grant of derivative securities (RSUs).
- Quantity and price: 32,665 RSUs granted at $0.00 per unit.
- Vesting: All 32,665 RSUs will vest on May 31, 2027, subject to Mr. Wang’s continued service through that date (footnote F1).
- Shares owned after transaction: Not specified in the filing.
- Footnote: F1 confirms full vesting date and service condition.
- Timeliness: Filing appears timely (within SEC’s two-business-day requirement).
Context
RSUs are a form of compensation that convert to actual shares only when they vest; they are not an immediate purchase or sale and do not necessarily signal the director’s market sentiment. Investors should view this as a compensation-related grant that may increase insider share ownership if and when the RSUs vest.