CANTOR FITZGERALD & CO. 4

What Happened

• Cantor Fitzgerald, L.P. (reported as a 10% owner via related entities) sold a total of 524,373 common shares of Satellogic (SATL) in open-market transactions executed Jan 28–30, 2026. The three reported tranches were: 129,971 shares @ $5.56 (≈ $722,392); 388,827 shares @ $5.63 (≈ $2,189,718); and 5,575 shares @ $5.55 (≈ $30,940). Total proceeds reported ≈ $2,943,050. These were sales (not purchases) and thus generally routine disposition activity rather than a bullish insider purchase.

Key Details

• Transaction dates: Jan 28, 2026; Jan 29, 2026; Jan 30, 2026.
• Reported weighted-average prices: $5.56, $5.63, $5.55. Footnotes give price ranges across the reported trades (overall range noted in filing: roughly $5.50–$5.86).
• Shares owned after the transactions: not specified in the provided filing summary.
• Notable footnotes: (1) The shares are held by CFAC Holdings V, LLC, Cantor Fitzgerald & Co. and Cantor Fitzgerald Securities; reporting entities disclaim beneficial ownership beyond any pecuniary interest and describe a multi-entity ownership structure. (2) The filing states Cantor Fitzgerald & Co. (the broker) agreed to disgorge any statutory "short-swing" (Section 16(b)) profits arising from these transactions and will provide detailed trade-level info on request.
• Filing timeliness: Form filed Jan 30, 2026 covering trades Jan 28–30, 2026 — appears to be filed within the standard Form 4 reporting window (no late filing flag noted).

Context

• This is institutional/10% owner selling executed by the broker (Cantor Fitzgerald & Co.), not an individual executive making a personal trade. Institutional sales can reflect portfolio rebalancing or other fund-level decisions and do not necessarily signal management sentiment. The special note about disgorgement of Section 16(b) profits indicates there may have been related purchase/sale activity within six months that the filer is addressing.