Liberty 77 Capital L.P. - Mar 26, 2025 Form 3 Insider Report for Satellogic Inc. (SATL)

Role: Director, 10%+ Owner
Signature: /s/ See Signatures Included in Exhibit 99.1
Stock symbol: SATL
Transactions as of: Mar 26, 2025
Transactions value $: $0
Form type: 3
Date filed: 4/4/2025, 04:03 PM
Previous filing: Jan 21, 2025
Next filing: Apr 9, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SATL	Class A Common Stock						20M	Mar 26, 2025	See footnotes	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SATL	Warrants (Right to Buy)							Mar 26, 2025	Class A Common Stock	5M	$10.00	See footnotes	F1, F2, F3, F4
holding	SATL	Warrants (Right to Buy)							Mar 26, 2025	Class A Common Stock	15M	$15.00	See footnotes	F1, F2, F3, F4
holding	SATL	Warrants (Right to Buy)							Mar 26, 2025	Class A Common stock	2.5M	$10.00	Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Class A common stock included herein is held by Liberty Strategic Capital (SATL) Holdings, LLC ("Liberty SATL"). Liberty 77 Capital L.P. (the "Liberty Manager"), is the investment manager of the managing members of Liberty SATL. Liberty 77 Capital Partners L.P. is the general partner of the Liberty Manager. Liberty Capital L.L.C. is the general partner of the Liberty 77 Capital Partners L.P. STM Partners LLC is the manager of Liberty Capital L.L.C. Steven T. Mnuchin is a director of Satellogic Inc. and the president of STM Partners LLC.
F2	Each Reporting Person disclaims beneficial ownership of these securities except to the extent of its or his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
F3	On January 18, 2022, the Issuer, CF Acquisition Corp. V and Liberty SATL entered into a Subscription Agreement (the "Liberty Subscription Agreement"), pursuant to which Liberty SATL agreed to purchase, and the Issuer agreed to issue and sell to Liberty SATL, certain securities of the Issuer, including (i) 5,000,000 warrants, each warrant providing Liberty SATL the right to purchase one share of Class A Common Stock at an exercise price of $10.00 per share and (ii) 15,000,000 warrants, each warrant providing Liberty SATL the right to purchase one share of Class A Common Stock at an exercise price of $15.00 per share. (Cont'd in FN4)
F4	(Cont'd from FN3) Additionally, contemporaneous with the execution of the Liberty Subscription Agreement, the Issuer, CFAC Holdings V, LLC and Liberty SATL entered into a letter agreement, which was amended and restated on February 10, 2022, pursuant to which, in partial exchange for advisory services provided to the Issuer by the Liberty Manager, the Liberty Manager received 2,500,000 warrants, each warrant providing the Liberty Manager the right to purchase one share of Class A Common Stock at an exercise price of $10.00 per share.

Remarks:

Exhibit 24 - Power of Attorney // Exhibit 99.1 - Joint Filer Information