CANTOR FITZGERALD & CO. 4
4 · Satellogic Inc. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Satellogic (SATL) Cantor Fitzgerald Sells 500,000 Shares
What Happened
Cantor Fitzgerald-related entities (reported via CFAC Holdings V, CF&Co. and CFS) sold 500,000 shares of Satellogic (SATL) on 2026-03-23. The weighted-average sale price was $5.01, for total proceeds of approximately $2,504,000. This was a sale (S) transaction — not a purchase or option exercise — and the reporting persons state they are no longer 10% owners of the issuer’s Class A common stock.
Key Details
- Transaction date: 2026-03-23 (reported on Form 4 filed 2026-03-25) — filing appears timely.
- Price: weighted average $5.01; price range for reported trades $4.98–$5.06.
- Shares sold: 500,000; total value ≈ $2,504,000.
- Shares owned after transaction: reporting persons indicate they no longer own 10% or more of Class A common stock (exact post-sale holding not stated).
- Footnotes: sales were made by Cantor Fitzgerald & Co. (CF&Co.). CF&Co. has agreed to disgorge any statutory "short-swing" profits under Section 16(b) that resulted from these transactions and will provide detailed per-price trade information on request. Reporting entities disclaim beneficial ownership beyond any pecuniary interest and note Brandon G. Lutnick as an indirect control person of related entities.
- Transaction code: S = Sale.
Context
This is an institutional sale by affiliated Cantor Fitzgerald entities rather than an individual executive sale. Institutional disposals can be for many reasons (portfolio rebalancing, tax, liquidity) and do not necessarily signal a change in company fundamentals. The Section 16(b) disgorgement clause and offer to provide detailed per-price data are procedural disclosures related to insider-short-swing rules; they do not by themselves indicate wrongdoing.
Insider Transaction Report
- Sale
Class A common stock
[F2][F1]2026-03-23$5.01/sh−500,000$2,504,000→ 12,356,500 total(indirect: See Foot Note)
Footnotes (2)
- [F1]CFAC Holdings V, LLC ("CFAC"), Cantor Fitzgerald & Co. ("CF&Co.") and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- [F2]Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $4.98 to $5.06.