<SEC-DOCUMENT>0001011438-25-000374.txt : 20250725
<SEC-HEADER>0001011438-25-000374.hdr.sgml : 20250725
<ACCEPTANCE-DATETIME>20250725173555
ACCESSION NUMBER:		0001011438-25-000374
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250725
DATE AS OF CHANGE:		20250725

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Satellogic Inc.
		CENTRAL INDEX KEY:			0001874315
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		STATE OF INCORPORATION:			D8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-93334
		FILM NUMBER:		251152518

	BUSINESS ADDRESS:	
		STREET 1:		210 DELBURG STREET
		CITY:			DAVIDSON
		STATE:			NC
		ZIP:			28036
		BUSINESS PHONE:		1-206-313-4516

	MAIL ADDRESS:	
		STREET 1:		210 DELBURG STREET
		CITY:			DAVIDSON
		STATE:			NC
		ZIP:			28036

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hannover Holdings S.A.
		CENTRAL INDEX KEY:			0001962608
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		58, RUE CHARLES MARTEL
		STREET 2:		L-2134
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			00000
		BUSINESS PHONE:		352 27 44 73 00

	MAIL ADDRESS:	
		STREET 1:		58, RUE CHARLES MARTEL
		STREET 2:		L-2134
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
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<submissionType>SCHEDULE 13D/A</submissionType>
<previousAccessionNumber>0001011438-23-000044</previousAccessionNumber>
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<coverPageHeader>
<amendmentNo>3</amendmentNo>
<securitiesClassTitle>Class A Common Stock, par value $0.0001 per share</securitiesClassTitle>
<dateOfEvent>07/23/2025</dateOfEvent>
<previouslyFiledFlag>false</previouslyFiledFlag>
<issuerInfo>
<issuerCIK>0001874315</issuerCIK>
<issuerCUSIP>G7823S101</issuerCUSIP>
<issuerName>Satellogic Inc.</issuerName>
<address>
<com:street1>210 Delburg Street</com:street1>
<com:city>Davidson</com:city>
<com:stateOrCountry>NC</com:stateOrCountry>
<com:zipCode>28036</com:zipCode>
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<authorizedPersons>
<notificationInfo>
<personName>Hannover Holdings S.A.</personName>
<personPhoneNum>352 20 60 11 84</personPhoneNum>
<personAddress>
<com:street1>28, Boulevard d Avranches, L-1160</com:street1>
<com:city>N4</com:city>
<com:stateOrCountry>N4</com:stateOrCountry>
<com:zipCode>0000</com:zipCode>
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<reportingPersons>
<reportingPersonInfo>
<reportingPersonCIK>0001962608</reportingPersonCIK>
<reportingPersonName>Hannover Holdings S.A.</reportingPersonName>
<fundType>OO</fundType>
<citizenshipOrOrganization>N4</citizenshipOrOrganization>
<soleVotingPower>5194043</soleVotingPower>
<sharedVotingPower>0</sharedVotingPower>
<soleDispositivePower>5194043</soleDispositivePower>
<sharedDispositivePower>0</sharedDispositivePower>
<aggregateAmountOwned>5194043</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>5.7</percentOfClass>
<typeOfReportingPerson>OO</typeOfReportingPerson>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonNoCIK>Y</reportingPersonNoCIK>
<reportingPersonName>Baitcon Investments Ltd.</reportingPersonName>
<fundType>OO</fundType>
<citizenshipOrOrganization>D8</citizenshipOrOrganization>
<soleVotingPower>5194043</soleVotingPower>
<sharedVotingPower>0</sharedVotingPower>
<soleDispositivePower>5194043</soleDispositivePower>
<sharedDispositivePower>0</sharedDispositivePower>
<aggregateAmountOwned>5194043</aggregateAmountOwned>
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<percentOfClass>5.7</percentOfClass>
<typeOfReportingPerson>OO</typeOfReportingPerson>
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<reportingPersonInfo>
<reportingPersonNoCIK>Y</reportingPersonNoCIK>
<reportingPersonName>Ellipse Global Holding Ltd.</reportingPersonName>
<fundType>OO</fundType>
<citizenshipOrOrganization>C5</citizenshipOrOrganization>
<soleVotingPower>5194043</soleVotingPower>
<sharedVotingPower>0</sharedVotingPower>
<soleDispositivePower>5194043</soleDispositivePower>
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<percentOfClass>5.7</percentOfClass>
<typeOfReportingPerson>OO</typeOfReportingPerson>
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<reportingPersonInfo>
<reportingPersonNoCIK>Y</reportingPersonNoCIK>
<reportingPersonName>Tanhill Management Limited</reportingPersonName>
<fundType>OO</fundType>
<citizenshipOrOrganization>C5</citizenshipOrOrganization>
<soleVotingPower>5194043</soleVotingPower>
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<percentOfClass>5.7</percentOfClass>
<typeOfReportingPerson>OO</typeOfReportingPerson>
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</reportingPersons>
<items1To7>
<item1>
<securityTitle>Class A Common Stock, par value $0.0001 per share</securityTitle>
<issuerName>Satellogic Inc.</issuerName>
<issuerPrincipalAddress>
<com:street1>210 Delburg Street</com:street1>
<com:city>Davidson</com:city>
<com:stateOrCountry>NC</com:stateOrCountry>
<com:zipCode>28036</com:zipCode>
</issuerPrincipalAddress>
<commentText>The following constitutes Amendment No. 3 ("Amendment No. 3") to the Schedule 13D filed with the Securities and Exchange Commission ("SEC") by Hannover Holdings S.A. ("Hannover"), Baitcon Investments Ltd. ("Baitcon"), Ellipse Global Holding Ltd. ("Ellipse"), and Tanhill Management Limited ("Tanhill", and together with Hannover, Baitcon and Ellipse, the "Reporting Persons") on February 2, 2023, as amended by Amendment No. 1 filed on June 3, 2025, and Amendment No. 2 filed on June 6, 2025. This Amendment No. 3 amends and supplements the Schedule 13D as specifically set forth herein.&#13;
&#13;
All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D, as amended. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.</commentText>
</item1>
<item5>
<percentageOfClassSecurities>Each of the Reporting Persons may be deemed to beneficially own 5,194,043 Class A Shares of the Issuer that are directly held by Hannover.  Such amount represents approximately 5.7% of the Class A Shares outstanding, based on 90,526,937 Class A Shares outstanding as of May 2, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on May 13, 2025.</percentageOfClassSecurities>
<numberOfShares>Items 7 through 10 of each of the cover pages of this Schedule 13D are incorporated herein by reference.</numberOfShares>
<transactionDesc>Other than as disclosed in this Schedule 13D, as amended, the transactions by the Reporting Persons in the securities of the Issuer during the past sixty days are set forth in Exhibit 99.1 and such information is incorporated herein by reference. All such transactions were carried out in open market transactions.</transactionDesc>
<listOfShareholders>Not applicable.</listOfShareholders>
<date5PercentOwnership>Not applicable.</date5PercentOwnership>
</item5>
<item7>
<filedExhibits>99.1   Transactions Effected by the Reporting Persons During the Past 60 Days.</filedExhibits>
</item7>
</items1To7>
<signatureInfo>
<signaturePerson>
<signatureReportingPerson>Hannover Holdings S.A.</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Giovanni Dell Orto</signature>
<title>Chairman</title>
<date>07/25/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Baitcon Investments Ltd.</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Giovanni Dell Orto</signature>
<title>President</title>
<date>07/25/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Ellipse Global Holding Ltd.</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Giovanni Dell Orto</signature>
<title>President</title>
<date>07/25/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Tanhill Management Limited</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Giovanni Dell Orto</signature>
<title>Director</title>
<date>07/25/2025</date>
</signatureDetails>
</signaturePerson>
</signatureInfo>
</formData>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit_99-1.htm
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  <div>
    <div style="text-align: right; font-family: 'Times New Roman',Times,serif;">Exhibit 99.1</div>
    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center; margin-right: 1.8pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Schedule of Transactions in Class A Shares</div>
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          <td style="width: 18.9%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">6/06/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
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          <td style="width: 24.27%; vertical-align: top;">
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          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.5642 (1)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">6/09/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
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          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(62,672)</div>
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          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.5656 (2)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">6/10/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(100,000)</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.5708 (3)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">6/11/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
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          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(10,800)</div>
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          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.6117 (4)</div>
          </td>
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        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">6/18/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(18,741)</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.5217 (5)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">6/20/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(100,000)</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.5372 (6)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">6/26/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(100,000)</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.7326 (7)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">6/27/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(100,000)</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.7478 (8)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">6/30/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(13,795)</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.7805 (9)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">7/16/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(100,000)</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.6788(10)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">7/17/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(150,000)</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.6848 (11)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">7/18/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(1,800)</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.665 (12)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">7/21/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(71,481)</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.7328 (13)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">7/22/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(16,052)</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.6222 (14)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.9%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">7/23/2025</div>
          </td>
          <td style="width: 22.3%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Hannover Holdings S.A.</div>
          </td>
          <td style="width: 20.56%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Class A Common Stock</div>
          </td>
          <td style="width: 24.27%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(37,764)</div>
          </td>
          <td style="width: 13.97%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">$3.6428 (15)</div>
          </td>
        </tr>

    </table>
    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(1) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.52 to $3.635, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(2) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.52 to $3.65, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(3) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.52 to $3.62, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(4) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.52 to $3.67, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(5) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.53 to $3.535, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(6) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.52 to $3.555, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(7) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.72 to $3.76, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(8) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.72 to $3.775, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(9) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.72 to $3.85, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(10) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.62 to $3.735, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(11) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.62 to $3.84, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(12) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.655 to $3.67, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(13) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.62 to $3.88, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(14) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.62 to $3.65, inclusive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">(15) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.62 to $3.735, inclusive.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the
      number of shares sold, as applicable, at each separate price within the ranges set forth in footnotes (1) &#8211; (15).</div>
    <div style="margin-bottom: 12pt;"><br>
    </div>
  </div>


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