InsiderTrades

Form 4 for SATL Satellogic Inc.

Accepted 2025-12-11 00:00:00 ET · period of report 2025-12-09 · accession 0001213900-25-120661 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X Filed Traded Ticker Insider Title Type Price Qty Owned ΔOwn Value
MI 2025-12-11 2025-12-09 SATL CFAC Holdings V, LLC 10% S - Sale $1.87 -10.0K 13.39M -0.1% -$18.7K
I 2025-12-11 2025-12-09 SATL CFAC Holdings V, LLC 10% P - Purchase $1.88 +10.0K 13.39M +0.1% +$18.8K

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Class A common stock 2025-12-09 S D 300 $1.88 13,390,173 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
2 Common Class A common stock 2025-12-09 S D 100 $1.88 13,390,073 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
3 Common Class A common stock 2025-12-09 S D 300 $1.88 13,389,773 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
4 Common Class A common stock 2025-12-09 S D 100 $1.88 13,389,673 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
5 Common Class A common stock 2025-12-09 S D 200 $1.88 13,389,473 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
6 Common Class A common stock 2025-12-09 S D 100 $1.88 13,389,373 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
7 Common Class A common stock 2025-12-09 S D 100 $1.88 13,389,273 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
8 Common Class A common stock 2025-12-09 S D 100 $1.88 13,389,173 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
9 Common Class A common stock 2025-12-09 S D 100 $1.88 13,389,073 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
10 Common Class A common stock 2025-12-09 S D 100 $1.88 13,388,973 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
11 Common Class A common stock 2025-12-09 S D 100 $1.88 13,388,873 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
12 Common Class A common stock 2025-12-09 S D 80 $1.88 13,388,793 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
13 Common Class A common stock 2025-12-09 S D 200 $1.87 13,388,593 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
14 Common Class A common stock 2025-12-09 S D 51 $1.87 13,388,542 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
15 Common Class A common stock 2025-12-09 S D 100 $1.87 13,388,442 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
16 Common Class A common stock 2025-12-09 S D 600 $1.87 13,387,842 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
17 Common Class A common stock 2025-12-09 S D 100 $1.87 13,387,742 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
18 Common Class A common stock 2025-12-09 S D 1,900 $1.87 13,385,842 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
19 Common Class A common stock 2025-12-09 S D 500 $1.87 13,385,342 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
20 Common Class A common stock 2025-12-09 S D 1,761 $1.87 13,383,581 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
21 Common Class A common stock 2025-12-09 S D 300 $1.87 13,383,281 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
22 Common Class A common stock 2025-12-09 S D 200 $1.87 13,383,081 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
23 Common Class A common stock 2025-12-09 S D 8 $1.87 13,383,073 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
24 Common Class A common stock 2025-12-09 S D 2,200 $1.87 13,380,873 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
25 Common Class A common stock 2025-12-09 P A 10,000 $1.88 13,390,873 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
26 Common Class A common stock 2025-12-09 S D 400 $1.88 13,390,473 I See Footnote — — (F1) CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.