Company: SATLW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001628280-25-014951
Chunk: 33

Company: Satellogic Inc.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 33
---
, and $95 thousand, respectively. During the years ended December 31, 2024 and 2023 the shares purchased from 32,181 options exercised and 42,898 options exercised, respectively were sold for payment of withholding taxes.A summary of RSU activity for the year ended December 31, 2024 is as follows:Number of RSUsWeighted Average Grant-Date ValueIntrinsic Value (in thousands)Outstanding unvested RSUs at December 31, 20233,229,915$2.25 $5,652 Granted during the year2,576,3831.07 Forfeited during the year(1,534,865)2.20 Vested during the year (1)(1,378,037)1.89 Outstanding unvested RSUs at December 31, 20242,893,396$2.52 $8,246 (1) The issuance of Class A common stock was deferred, as elected by the grantees, for 264,516 and 121,384 RSUs that vested during the years ended December 31, 2024 and December 31, 2023, respectively.The weighted-average grant date value of RSUs at December 31, 2024 and December 31, 2023 was $2.52 and $2.25, respectively. The number of shares vested is net of 387,717 and 253,101 RSUs forfeited for payment of withholding taxes for the years ended December 31, 2024 and December 31, 2023, respectively.As of December 31, 2024, unrecognized stock-based compensation cost related to outstanding options and RSUs that are expected to vest was $0.1 million and $1.7 million, respectively, which is expected to be recognized over a weighted-average period of 0.24 years and 1.15 years, respectively. 

98

Table of ContentsSATELLOGIC INC. Notes to Consolidated Financial Statements (in thousands of U.S. dollars, except share and per share information, unless otherwise stated) 

Stock-based Compensation ExpenseTotal employee and non-employee stock-based compensation expense was classified in the Consolidated Statements of Operations and Comprehensive Loss as follows:Year Ended December 31,20242023Selling, general and administrative$2,015 $3,952 Engineering320 2,347 Total$2,335 $