Dunn Rick 4

What Happened
Rick Dunn, Chief Financial Officer of Satellogic (SATL), had restricted stock units (RSUs) vest on June 20, 2026. A total of 43,180 shares vested across three prior RSU grants; 30,899 shares were issued to Mr. Dunn and 12,281 shares were withheld to satisfy tax withholding obligations. All transactions are reported as conversions/exercises of derivatives (code M) at $0.00 per share (RSU vesting, not a market purchase or sale).

Key Details

• Transaction date: June 20, 2026; Form 4 filed June 23, 2026 (timely under Form 4 rules).
• Price: $0.00 per share (ordinary RSU vesting — no cash paid).
• Vesting breakdown (per filing footnotes):
  • Grant (Aug 9, 2023): 9,237 vested → 6,610 shares delivered, 2,627 withheld.
  • Grant (June 7, 2024): 23,349 vested → 16,708 shares delivered, 6,641 withheld.
  • Grant (June 23, 2025): 10,594 vested → 7,581 shares delivered, 3,013 withheld.
• Total vested: 43,180 shares; total delivered to Dunn: 30,899; total withheld for taxes: 12,281.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes explain vesting schedules and that withheld shares were used to satisfy tax obligations (routine withholding).

Context
These entries reflect routine RSU vesting and tax-withholding (a conversion of derivative awards into common stock), not open-market buys or discretionary sales. Withheld shares were surrendered solely to cover tax obligations — this is a compensation event rather than an indicator of trading intent. No late filing or 10b5-1 plan is noted in the filing.