Ted Wang
About Ted Wang
Ted Wang (age 56) is an independent director of Satellogic (SATL) since 2022. He is a partner at Cowboy Ventures, an executive coach to emerging tech leaders, and formerly a partner at Fenwick & West, where he represented leading technology companies; he holds a B.A. from Duke University and a J.D. from the University of Virginia School of Law . The Board has determined he is independent under Nasdaq listing standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact | Source |
|---|---|---|---|---|
| Fenwick & West LLP | Partner (technology law) | Not disclosed | Advised Facebook, Twitter, Dropbox, Square, Figma, Zuora; extensive boardroom exposure | |
| Executive Coaching (self) | Executive Coach | Not disclosed | Coaches emerging tech executives and VCs |
External Roles
| Organization | Role | Public/Private | Notes | Source |
|---|---|---|---|---|
| Cowboy Ventures | Partner | Private | VC partner based in Palo Alto | |
| Drata | Board Member | Private | Cybersecurity compliance | |
| Vic.ai | Board Member | Private | AI finance automation | |
| Arcol | Board Member | Private | Design/engineering | |
| Contra | Board Member | Private | Professional network/marketplace |
Board Governance
- Committee assignments: Audit (Member), Compensation (Chair), Nominating & Corporate Governance (Chair) .
- Independence: Board determined Wang is an independent director under Nasdaq standards .
- Attendance: Each director attended at least 75% of Board and committee meetings in 2024; all directors present at the 2024 Annual Meeting .
- Committee compositions and meeting cadence (FY2024): Audit (5 meetings; members included Wang), Compensation (2; chaired by Wang), Nominating (1; chaired by Wang), Finance (10; not on Finance) .
- Audit Committee literacy/expert: All members financially literate; Audit Chair (Kelly Kennedy) is the audit committee financial expert (Wang is not designated the expert) .
Fixed Compensation
| Component (Independent Directors, FY2024) | Amount (USD) | Source |
|---|---|---|
| Annual cash retainer (Wang) | $60,000 | |
| Audit Chair fee (policy) | $20,000 | |
| Meeting fees | Not disclosed (none indicated) | |
| Expense reimbursement | Travel reimbursed as applicable |
Director compensation policy summary (FY2024): Cash retainer $60,000; annual restricted stock $175,000; directors affiliated with certain related parties did not receive director pay .
Performance Compensation
| Instrument | Grant Date | Quantity/Value | Vesting Terms | Performance Metrics | Source |
|---|---|---|---|---|---|
| RSUs (annual grant) | Sep 4, 2024 | $175,000 grant-date fair value | Vested on May 31, 2025 | None disclosed (time-based RSUs) | |
| Options (exercisable) | Not disclosed | 332,922 options counted as exercisable for beneficial ownership | Not disclosed | Not performance-based |
- Anti-hedging/anti-pledging: Directors are prohibited from pledging company securities or engaging in hedging (short sales, options, derivatives) .
- Clawback: All stock awards under the Amended Incentive Plan are subject to the Company’s Clawback Policy (adopted March 26, 2025) and applicable law .
Other Directorships & Interlocks
- No current public-company directorships for Wang disclosed; board roles at Drata, Vic.ai, Arcol, Contra (private) .
- No disclosed interlocks or related-party transactions involving Wang; related-party transactions noted in the proxy relate to Liberty Strategic Capital (Mnuchin), Cantor/CF&Co., and Officina Stellare (with CEO Kargieman on OS board) .
Expertise & Qualifications
- Legal/boardroom expertise from tenure as top-tier technology lawyer counseling major tech companies; venture capital investing and startup governance experience; coaching senior tech executives .
- Financial literacy as Audit Committee member; not designated audit committee financial expert (that designation is held by Audit Chair) .
Equity Ownership
| Holder | Class A Shares Beneficially Owned | % of Class A | Notes | Source |
|---|---|---|---|---|
| Ted Wang | 332,922 | <1% | Includes 332,922 exercisable stock options; ownership as of Oct 15, 2025 |
- Hedging/pledging: Prohibited by insider trading policy (alignment positive) .
- Ownership guidelines: Not disclosed for directors in the proxy (no guidelines mentioned).
Governance Assessment
Key positives
- Independent director chairing both Compensation and Nominating & Governance Committees; alignment with best practices for independent oversight of pay and board composition .
- Prohibitions on hedging/pledging and a formal clawback policy covering equity awards strengthen alignment and risk mitigation .
- Attendance threshold met (≥75% in 2024); participated in committees with clear charters; independent directors meet in regular executive sessions .
Potential concerns and monitoring items
- Director equity awards are time-based RSUs (no performance conditions) which can reduce pay-for-performance sensitivity at the board level; Wang’s 2024 director equity vested in a single date (May 31, 2025) .
- Board-related party exposures: significant transactions with Liberty Strategic Capital (Board Chair Mnuchin’s affiliate) and with CF&Co. (Cantor affiliate and former director association). While reviewed under related-party policies, these arrangements heighten perceived conflict risk; Compensation and Governance chairs (Wang) should continue to demonstrate robust independence and process integrity .
- No director stock ownership guidelines disclosed, which some investors view as a governance gap for alignment (no guidelines mentioned).
Overall implication
- Wang brings seasoned legal, venture, and governance expertise; his independent leadership of Compensation and Nominating committees, combined with anti-hedge/pledge and clawback structures, supports investor confidence. Continued scrutiny of related-party transactions elsewhere on the Board and of director equity design (time-based RSUs) remains warranted to preserve alignment and mitigate conflict perceptions .