Company: SATLW
Filing Date: 2025-10-21
Form Type: DEF 14A
Source: 0001437749-25-031429
Chunk: 34

Company: Satellogic Inc.
Filing Date: 2025-10-21
Form: DEF 14A
Chunk 34
---
, and 6 directors who would be eligible to participate in the Amended Incentive Plan. As of September 30, 2025, 103 employees, 0 consultants, and 4 directors held outstanding awards under the Current Incentive Plan.

Award Limits

In any fiscal year, the sum of any cash compensation, or other compensation, and the value (determined as of the grant date in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, or any successor thereto) of awards grant to a non-employee director as compensation for services as a non-employee director may not exceed $500,000 in the aggregate, except that the limit is $800,000 in the aggregate for the first year of service of a non-employee director and the Company may make exceptions to this limit for a non-executive chair of the Board or other extraordinary circumstances, if the non-employee director receiving the additional compensation does not participate in the decision.

Types of Awards

Stock Options. The Compensation Committee is authorized to grant two types of stock options to participants: nonqualified stock options or incentive stock options. The exercise price of any stock option must be equal to or greater than the fair market value of a share of Common Stock on the date the stock option is granted. The term of a stock option cannot exceed 10 years.

Subject to the terms of the Amended Incentive Plan, the option’s terms and conditions, which are determined by the Compensation Committee and set forth in an award agreement, may include but are not limited to, exercise price, vesting, treatment of the award upon termination of employment and expiration of the option.

The exercise price may be paid as determined by the Compensation Committee, including, without limitation, via a cashless exercise, with cash or with Shares (including, without limitation, the withholding of Shares otherwise issuable pursuant to the award) or other property.

Stock Appreciation Rights (“SARs”). The Compensation Committee is authorized to grant two types of SARs to participants: “Freestanding” SARs and “Tandem” SARs. The terms and conditions of the SARs would be set forth in an award agreement. SARs may be exercised at such times and be subject to such other terms, conditions, and provisions as the Compensation Committee may impose.

Freestanding SARs. Freestanding SARs cover a specified number of shares and are exercisable upon such terms and conditions as the Compensation Committee may establish. Upon exercise, the holder is entitled