Gutierrez Miguel 4

What Happened Miguel Gutierrez, a director of Satellogic Inc., had 49,435 restricted stock units (RSUs) vest on May 31, 2026 and those RSUs converted into 49,435 common shares. The Form 4 reports an acquisition via exercise/conversion (code M) at $0.00 per share; there was also a corresponding derivative disposition entry reflecting the conversion of the RSUs. This was a compensatory vesting event rather than an open-market purchase or sale.

Key Details

• Transaction date: May 31, 2026; Form 4 filed: June 1, 2026 (timely).
• Reported amounts/prices: 49,435 shares acquired at $0.00 (conversion of RSUs).
• Shares owned following the reported transaction: not specified in the filing.
• Footnote: F1 — Mr. Gutierrez was granted 49,435 RSUs on June 23, 2025; all vested on May 31, 2026.
• Transaction type codes: M = exercise/conversion of derivative security (here, RSU conversion).

Context RSUs are compensation that convert into shares at vesting; no cash changed hands and this is routine compensation vesting rather than a discretionary buy or sell that signals insider trading sentiment. The filing shows conversion of the derivative (RSU) into underlying shares, not a sale.