SCHEDULE: Cantor Fitzgerald Entities Adjust Satellogic Stake

Cantor Fitzgerald entities report a decrease in their beneficial ownership of Satellogic Inc. Class A Common Stock, now holding approximately 7.0% combined.

Summary

• This filing is an amendment to a previous Schedule 13D, detailing changes in beneficial ownership of Satellogic Inc. Class A Common Stock by Cantor Fitzgerald, L.P. (Cantor), CF Group Management, Inc. (CFGM), CFAC Holdings V, LLC (CFAC), Cantor Fitzgerald Securities (CFS), and Brandon G. Lutnick (collectively, the "Reporting Persons").
• As of April 6, 2026, the Reporting Persons collectively beneficially own 9,302,809 shares of Class A Common Stock, representing approximately 7.0% of the issued and outstanding shares.
• This percentage is based on 132,475,998 shares of Class A Common Stock outstanding as of March 13, 2026, as reported in Satellogic's Annual Report on Form 10-K filed on March 19, 2026.
• CFAC directly owns 8,488,738 shares (approx. 6.4%), including shares subject to forfeiture. CFS directly owns 814,071 shares (approx. 0.6%).
• Cantor, as the member of CFAC and indirect holder of CFS equity, may be deemed to beneficially own all shares owned by CFAC and CFS.
• CFGM, as the managing general partner of Cantor, and Brandon G. Lutnick, as CEO of CFAC, Cantor, and CFGM, may also be deemed to beneficially own these shares.
• The filing notes several open market sales of Satellogic Class A Common Stock by CFAC between April 1, 2026, and April 6, 2026.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the reduction in ownership and potential forfeitures, although the continued significant stake and controlled sales prevent a strongly negative assessment.

Positives

• The Reporting Persons continue to hold a significant stake in Satellogic Inc., indicating ongoing strategic interest.
• The sales by CFAC were conducted in the open market at prices generally above $6.00 per share, suggesting a controlled divestment rather than a distressed sale.

Negatives

• The Reporting Persons have reduced their overall beneficial ownership percentage from previous filings.
• CFAC sold a substantial number of shares (1,856,006 shares) between April 1st and April 6th, 2026.
• A portion of CFAC's directly owned shares (up to 1,863,696) are subject to forfeiture based on vesting and earn-out targets, indicating potential future dilution of their holdings.

Risks

• The forfeiture of up to 1,863,696 shares of Class A Common Stock by CFAC based on vesting and earn-out targets represents a potential reduction in beneficial ownership.
• Continued open market sales by reporting persons could exert downward pressure on the stock price.

Future Outlook

The filing does not contain forward-looking statements or guidance. It primarily reports on current beneficial ownership and recent transactions.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant changes in beneficial ownership, especially for companies in rapidly evolving sectors like satellite technology where strategic stakes can shift.

Stakeholder Impact

• Shareholders: The sales by CFAC could impact stock price and liquidity. The continued significant stake by Cantor and related entities may be viewed positively by some investors as a sign of confidence, while others may be concerned about potential further selling.

Next Steps

• Continued monitoring of Satellogic Inc. by the Reporting Persons.
• Potential forfeiture of shares by CFAC if vesting and earn-out targets are not met.

Key Dates

Recommendation

The filing indicates a reduction in ownership by a significant entity, which could be a signal of reduced conviction or a strategic reallocation of capital. However, the remaining stake is still substantial, and the sales were conducted in the open market. Without further context on the reasons for the sales or Satellogic's operational performance, a 'hold' recommendation is prudent, suggesting investors monitor further developments.

Keywords

Satellogic Inc., Schedule 13D, Amendment, Beneficial Ownership, Cantor Fitzgerald, Class A Common Stock, SEC Filing, Securities, Equity, Stock Ownership