Company: SATLW
Filing Date: 2025-10-21
Form Type: DEF 14A
Source: 0001437749-25-031429
Chunk: 31

Company: Satellogic Inc.
Filing Date: 2025-10-21
Form: DEF 14A
Chunk 31
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 market practices, our hiring and promotion practices, future grant practices, the Company’s stock price, the number of awards that are forfeited and future acquisitions and divestitures.

Our annualized burn rate over the last three fiscal years has averaged 2.83%. “Burn rate” is calculated by dividing the total number of shares subject to equity awards granted in a given year by the total weighted average number of shares outstanding during the period and does not reflect and forfeitures or cancellations. Our burn rate calculations assume that target performance is achieved with respect to restricted stock units subject to performance-based vesting conditions.

| Fiscal 
 Year   |     | Weighted Average Shares Outstanding |            |     | Stock Options Granted |   |     | Restricted Stock Units Granted |           |     | Annualized Burn Rate |      |   |
| 2022   |     |                                     | 83,188,276 |     |                       | 0 |     |                                | 1,607,106 |     |                      | 1.93 | % |
| 2023   |     |                                     | 89,539,910 |     |                       | 0 |     |                                | 3,345,697 |     |                      | 3.74 | % |
| 2024   |     |                                     | 91,164,286 |     |                       | 0 |     |                                | 2,576,383 |     |                      | 2.83 | % |

As of October 15, 2025, our existing overhang was 5.99%. Assuming our stockholders approve the Amended Incentive Plan, our overhang will be 9.37%. “Overhang” is a measure of potential dilution from awards granted under stock incentive plans and is calculated by dividing (i) the number of shares subject to outstanding equity awards, plus the number of shares available for future grants of equity awards by (ii) the total number of shares outstanding, plus the amount in clause (i).

|                                                                                                |     | As of 10/15/25 |             |     | Overhang |      |   |
| Total Number of Shares Outstanding (A)                                                         |     |                | 107,768,077 |     |          |      |   |
| Total Number of Shares Subject to Outstanding Awards (B)                                       |     |                |   5,406,627 |     |          |      |   |
| Total Number of Shares Available For Issu