Kennedy Kelly J. 4

What Happened
Kennedy Kelly, a director at Satellogic (SATL), received a grant of 20,787 restricted stock units (RSUs) on June 11, 2026. The award was reported as a derivative acquisition at $0.00 per share (total current cash value $0) on the Form 4 filed June 15, 2026. This was a compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (timely filing).
• Price: $0.00 per unit; 20,787 RSUs granted.
• Shares owned after transaction: not disclosed in the filing.
• Footnote: All 20,787 RSUs vest on May 31, 2027, subject to continued service through that date (Footnote F1).
• No 10b5-1 plan, tax-withholding sale, or immediate disposition is indicated in the filing.
• Transaction code: A = Award/Grant (derivative).

Context
RSUs are a form of equity compensation that convert into common shares only if vesting conditions are met; this award does not represent an immediate purchase or sale and does not necessarily signal near-term trading activity. Grants to directors are common as part of compensation and typically reflect retention or alignment with shareholder interests rather than spontaneous market sentiment.