Company: SATLW
Filing Date: 2025-10-21
Form Type: DEF 14A
Source: 0001437749-25-031429
Chunk: 30

Company: Satellogic Inc.
Filing Date: 2025-10-21
Form: DEF 14A
Chunk 30
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 not believe is sufficient to adequately attract, retain and motivate employees, directors and consultants of the Company through January 25, 2032. If we cannot increase the amount of shares available for issuance pursuant to the Amended Incentive Plan, it could have a negative impact on our ability to retain and attract key employees. An increase in shares available under the Current Incentive Plan is necessary not only to retain current employees but also to attract new talent as we grow. The Board believes that the proposed Amended Incentive Plan is in the best interests of, and will provide long-term advantages to, us and our stockholders and recommends the approval by our stockholders.

The Amended Incentive Plan makes the following changes, among others, to the Current Incentive Plan:

| • | increase the aggregate number of shares authorized for issuance under the Amended Incentive Plan by 4,264,986 shares to 12,740,587 shares of Common Stock; |

| • | other clarifying and updating changes. |

As of October 15, 2025, the 1,464,098 shares that remain available for future grant under the Current Incentive Plan represent 1.35% of the total outstanding number of shares and voting power of the Company and the market price of the shares was $3.28.

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As of October 15, 2025, there were outstanding under our 2015 Share Plan (under which no additional awards were issued following the adoption of the Current Incentive Plan) and Current Incentive Plan an aggregate of 1,319,254, options to purchase shares with a weighted average exercise price of $2.20 per share and a weighted average remaining term of less than one year, as well as 0 restricted stock units. For additional information regarding equity-based awards granted under the Current Incentive Plan, please see Note 13 to our consolidated financial statements filed with our Form 10-K for our 2024 fiscal year.

Based on our historic and projected future use of equity-based compensation, we estimate that the additional shares requested for the Amended Incentive Plan, in addition to the remaining shares available for issuance under the Current Incentive Plan that will be available for issuance under the Amended Incentive Plan, will be sufficient to provided awards for approximately 4 years; however, the actual duration may be more or less than 4 years depending on currently unknown factors, such as competitive