Kharsansky Alan 4

What Happened
Alan Kharsansky, Chief Technology Officer of Satellogic, exercised 87,091 stock options and immediately sold those 87,091 shares in an open-market transaction on May 14, 2026. He paid $1.27 per share to exercise (total cost $110,222) and sold the shares at $8.35 each for total proceeds of $727,297 — an approximate pre-tax gross profit of $617,075. A separate derivative entry shows the underlying options were converted/cancelled as part of the exercise.

Key Details

• Transaction date: 2026-05-14
• Exercise: 87,091 shares at $1.27 each (total exercise cost $110,222)
• Sale: 87,091 shares at $8.35 each (total proceeds $727,297)
• Net proceeds before taxes/fees: roughly $617,075 (proceeds minus exercise cost)
• Shares owned after transaction: not specified in the provided filing data
• Footnote: The options were originally granted Feb 8, 2021 (87,091 total): ~8,865 vested immediately for past service; the remaining 78,226 vested 1/32 per month after a vesting start of Oct 1, 2020.
• Filing timeliness: Form filed May 20, 2026 for a May 14 transaction — more than the typical 2-business-day deadline, so the filing appears late.

Context
This was a common "exercise and sell" (cashless-style) transaction: the officer exercised vested options and sold the shares the same day. Such transactions convert option value to cash and are routine for insiders managing compensation or tax obligations; they don't by themselves indicate a change in company outlook.