Management Change/Compensation (Form 8-K)

Item 5.02. Departure of Directors or Certain Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 8, 2026, Satellogic Inc. (the "Company") and Rick Dunn mutually agreed that Mr. Dunn will step down as the Company's Chief Financial Officer at the conclusion of a transition period agreed between Mr. Dunn and the Company. The Company has commenced a search for a successor, and Mr. Dunn will continue to serve in his current capacity during the transition period to facilitate an orderly transition of his duties and responsibilities.

Emiliano Kargieman, CEO and Co-Founder of Satellogic said, "On behalf of the Board and the entire Satellogic team, I want to thank Rick for his seven years of leadership and dedicated service to the Company. His contributions have been instrumental to our growth and progress, and we are grateful for his partnership and commitment throughout his tenure. Rick was instrumental navigating Satellogic from a private company to its now Nasdaq Listed public company status and leaves Satellogic in its strongest financial position in corporate history. He is a long-standing partner and shareholder, and will remain through the transition period to ensure a seamless handoff. Consistent with the message we shared on our first-quarter earnings call in May, the fundamentals of our business have never been better, anchored by revenue momentum, operating leverage, a strong balance sheet & a fully funded technology roadmap. We wish Rick all the best in his next chapter."

In connection with the foregoing, the Company and Mr. Dunn entered into a Letter Agreement, dated June 8, 2026 (the "Letter Agreement"), which memorializes the terms of Mr. Dunn's departure from the Company. Mr. Dunn will receive severance benefits consistent with those previously disclosed in the Company's definitive proxy statement on Schedule 14A, filed with the SEC on April 23, 2026. Specifically, upon his departure, Mr. Dunn will be entitled to receive: (i) six months of base salary continuation, (ii) payment of COBRA expenses for six months, and (iii) full acceleration of all outstanding restricted stock unit awards. Mr. Dunn will execute a customary release of claims, and will also be subject to customary restrictive covenants as set forth in the Letter Agreement. The foregoing description of the Letter Agreement does not purport to be complete and is qualified in its entirety by reference to the Letter Agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.