Stock-based Compensation

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

A summary of stock option activity for the nine months ended September 30, 2025 is as follows:


	Number of Options	Weighted-Average Exercise Price	Weighted-Average Remaining Contractual Term (years)
Outstanding at December 31, 2024	3,234,296	$1.50	4.55
Granted	—	—
Forfeited	(1,178)	8.55
Exercised	(1,888,515)	0.92
Expired	(2,025)	8.22
Outstanding at September 30, 2025	1,342,578	$2.27	5.01
Exercisable at September 30, 2025	1,342,096	$2.27	5.01

A summary of RSU activity for the nine months ended September 30, 2025 is as follows:


	Number of RSUs	Weighted Average Grant-Date Value
Outstanding unvested RSUs at December 31, 2024	2,893,396	$	1.40
Granted during the year	2,059,382	3.54
Forfeited during the year	(302,284)	2.12
Vested during the year (1)	(1,365,017)	1.44
Outstanding unvested RSUs at September 30, 2025	3,285,477	$	2.66

(1) The issuance of Class A common stock was deferred, as elected by the grantees, for 410,000 and 264,516 RSUs that vested during the nine months ended September 30, 2025 and 2024, respectively.

Satellogic Inc. 10-Q