Company: SATLW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001874315-25-000019
Chunk: 100

Company: Satellogic Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 100
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.50 4.55Granted ——Forfeited (1,178)8.55 Exercised(1,888,515)0.92 Expired (2,025)8.22 Outstanding at September 30, 20251,342,578$2.27 5.01Exercisable at September 30, 20251,342,096$2.27 5.01A summary of RSU activity for the nine months ended September 30, 2025 is as follows:Number of RSUsWeighted Average Grant-Date ValueOutstanding unvested RSUs at December 31, 20242,893,396$1.40 Granted during the year2,059,3823.54 Forfeited during the year(302,284)2.12 Vested during the year (1)(1,365,017)1.44 Outstanding unvested RSUs at September 30, 20253,285,477$2.66 

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

(1) The issuance of Class A common stock was deferred, as elected by the grantees, for 410,000 and 264,516 RSUs that vested during the nine months ended September 30, 2025 and 2024, respectively.

12. Net Income (Loss) Per Share

Diluted loss per share considers the impact of potentially dilutive securities. We identified financial instruments that qualify as potential common shares: (i) the share-based options awards described in Note 11 (Stock-based Compensation), (ii) the warrants described in Note 6 (Warrant Liabilities), and (iii) the earnout liabilities described in Note 7 (Earnout Liabilities). Each of these potential common shares are antidilutive since their conversion to common shares would decrease loss per share from continuing operations. Basic and diluted net income (loss) per share attributable to common stockholders is calculated as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Net income (loss) attributable to holders of Common Stock$3,967 $(12,090)$(35,266)$(45,369)Basic weighted-average shares of Common Stock outstanding105,984,24391,