Satellogic (SATL) CEO Emiliano Kargieman Receives Vested RSUs

What Happened

• Emiliano Kargieman, CEO of Satellogic (SATL), received 39,010 shares from the vesting/conversion of RSUs on September 20, 2026. The filings show 29,554 shares were issued to him (acquired at $0.00) and 9,456 shares were surrendered/withheld (disposed at $0.00) to cover tax withholding obligations. These were vesting conversions of RSU awards, not open-market purchases or market sales.

Key Details

• Transaction date: September 20, 2026; reported on Form 4 filed September 22, 2026.
• Transaction type: Code M (exercise or conversion of a derivative) resulting from RSU vesting; reported price $0.00 per share (no cash paid).
• Shares vested: 39,010 total (26,483 from a 6/23/2025 RSU grant; 12,527 from a 6/10/2026 RSU grant).
• Withheld for taxes: 6,419 shares (from the 6/23/2025 grant) + 3,037 shares (from the 6/10/2026 grant) = 9,456 shares.
• Net shares received: 29,554 shares (39,010 vested − 9,456 withheld).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs vest quarterly over multi-year schedules (grants dated June 23, 2025 and June 10, 2026). Withholding of shares to satisfy tax obligations is noted in the footnotes.
• Filing timeliness: Form 4 was filed two days after the vesting date; the filing does not indicate a late report.

Context

• These transactions reflect routine RSU vesting and tax withholding (a common "sell-to-cover" style settlement) rather than a deliberate open-market sale or purchase signal. The $0.00 price reflects conversion of awards to stock rather than an exercised option requiring cash. Such withholding/disposition to pay taxes is standard and does not by itself indicate a change in the insider’s view of the company.