Form 4: Intuitive Machines CEO Stephen Altemus Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Intuitive Machines' CEO, Stephen Altemus, disposed of 34,081 shares of Class A Common Stock on April 11, 2024, to cover tax obligations.
Summary
- On April 11, 2024, Stephen J Altemus, CEO of Intuitive Machines, Inc., disposed of 34,081 shares of Class A Common Stock.
- The transaction was executed at a price of $5.24 per share.
- This disposal was likely to cover tax obligations.
- Following the transaction, Altemus directly owns 910,919 shares of Intuitive Machines, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction appears to be a routine disposal of shares for tax purposes and doesn't inherently indicate a positive or negative outlook.
Industry Context
Executive stock transactions are common and often related to compensation, tax planning, or portfolio diversification. The disposal of shares by the CEO of Intuitive Machines is a routine event and doesn't necessarily indicate a negative outlook for the company.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of the transaction where Stephen Altemus disposed of shares. |
| 04/15/2024 | Date of signature by Steven Vontur, Attorney-in-Fact. |
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