Wang Theodore Glass 4/A
Research Summary
AI-generated summary
Satellogic (SATL) Director Theodore Wang Receives RSU Award
What Happened
The filing shows that Theodore Wang (listed in the Form 4 as Wang Theodore Glass), a director of Satellogic Inc. (SATL), was granted 32,665 restricted stock units (RSUs) on June 11, 2026. The RSUs were reported as an award/derivative (code A) with an acquisition price of $0.00. There was no cash purchase or sale — this is a compensation grant, not a market purchase.
Key Details
- Transaction date: June 11, 2026 (reported via amended Form 4 filed July 1, 2026).
- Grant: 32,665 RSUs; reported price $0.00; transaction type: Award/Grant (derivative).
- Vesting: All RSUs vest on May 31, 2027, subject to continued service through that date.
- Deferral: Grantee elected to defer receipt of the underlying shares until May 10, 2028.
- Shares owned after transaction: not specified in this filing.
- Filing status: This is an amended Form 4 (correcting or updating a prior report); amended filings update previously reported info and should be reviewed for changes.
Context
RSUs are a common form of executive/director compensation and do not require an immediate cash outlay; they convert to shares (and typically become taxable) when vested/settled. The grant itself is neither a buy nor a sell and does not necessarily signal the insider’s short-term view on the stock. The deferral election delays receipt (and likely tax recognition) until May 10, 2028.