Company: SATLW
Filing Date: 2025-10-21
Form Type: DEF 14A
Source: 0001437749-25-031429
Chunk: 29

Company: Satellogic Inc.
Filing Date: 2025-10-21
Form: DEF 14A
Chunk 29
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 “Current Incentive Plan” and as proposed to be amended and restated, the Satellogic Inc. Second Amended and Restated 2021 Incentive Compensation Plan (the “Amended Incentive Plan”)) to, among other things, increase by 4,264,986 shares the number of authorized shares of Common Stock available for issuance under the Current Incentive Plan from 8,475,601 shares to 12,740,587 shares.

On October 7, 2025 the Board of Directors approved the Amended Incentive Plan, subject to stockholder approval at the Annual Meeting. If the Amended Incentive Plan is approved by our stockholders at the Annual Meeting, it will become effective as of the date of the Annual Meeting and will supersede and replace the Current Incentive Plan. All reserved shares that have not been issued pursuant to awards under the Current Incentive Plan and any shares subject to awards under the Current Incentive Plan that expire, are cancelled or otherwise terminate after the effective date of the Amended Incentive Plan will become available for issuance under the Amended Incentive Plan. If the Amended Incentive Plan is not approved by our stockholders, the Current Incentive Plan will remain in effect until it terminates in accordance with its terms on January 25, 2032.

If the Amended Incentive Plan is approved by our stockholders at the Annual Meeting, we intend to file a registration statement on Form S-8 to register the additional shares as soon as reasonably practicable following the Annual Meeting pursuant to the Securities Act of 1933.

The Board believes that our continued growth and success depends, in large part, on our ability to maintain a competitive position by attracting, retaining and motivating key employees with experience and ability, which is vital to our future success, and to align our employees’ compensation with building stockholder value. Our Current Incentive Plan is an integral part of this strategy and is designed to attract, motivate and retain employees, directors and consultants of the Company and to further the growth and financial success of the Company by aligning the interests of such persons through ownership with the interests of our stockholders. The Current Incentive Plan is currently scheduled to terminate on January 25, 2032; however, only 1,464,098 shares remain available for issuance pursuant to new awards under the Current Incentive Plan as of September 30, 2025, which the Board does