Company’s CFO sells 22,692 shares in insider sale

In a recent SEC filing, it has been revealed that Rick Dunn, the Chief Financial Officer of $SATL, has sold 22,692 shares of the company. This transaction took place on September 24, 2025, resulting in an estimated total of $86,229. This sale accounted for approximately 14.4% of Dunn’s shares of this particular class of stock. Following this sale, Dunn now possesses 134,451 shares of $SATL stock.

Over the past six months, $SATL insiders have been actively trading the company’s stock on the open market. There have been a total of 18 trades, all of which have been sales with no purchases. Among these insider transactions, Chief Executive Officer Emiliano Kargieman has conducted 11 sales, offloading 1,000,130 shares for an estimated sum of $3,855,756. In comparison, Rick Dunn has made four sales, selling 183,724 shares for an estimated total of $768,742. President Matthew Tirman has also engaged in selling activities, conducting three sales and selling 55,451 shares for an estimated $209,365.

Additionally, recent data on hedge fund activity surrounding $SATL indicates that institutional investors have been reducing their positions rather than adding to them. In the most recent quarter, 26 institutional investors have decreased their positions in $SATL stock. Notable moves include Cantor Fitzgerald, L. P. removing 13,380,873 shares (-100.0%) from their portfolio in Q2 2025, amounting to an estimated $48,438,760. Furthermore, Softbank Group Corp. removed 2,582,645 shares (-100.0%) from their portfolio in the same quarter, valued at approximately $9,349,174. Other institutions, such as Resolute Advisors LLC, UBS Group AG, Morgan Stanley, Geode Capital Management, LLC, and HRT Financial LP, have also significantly decreased their holdings of $SATL stock in recent quarters.

It is important to note that this article does not offer financial advice to readers. For more information and insights on insider trades and hedge fund activity, individuals are encouraged to refer to Quiver Quantitative’s platforms providing detailed data and dashboards for tracking such transactions.