Form 4: Intuitive Machines CEO Stephen Altemus Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
CEO Stephen Altemus of Intuitive Machines reports disposing of shares to cover tax obligations resulting from equity compensation.
Summary
- On April 11, 2025, Stephen J Altemus, CEO of Intuitive Machines, disposed of 13,773 shares of Class A Common Stock.
- The transaction was executed to cover tax obligations.
- The price per share was $7.72.
- Following the transaction, Altemus directly owns 1,026,402 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it's primarily related to the CEO's personal tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/11/2025 | Date of stock disposal transaction |
| 04/15/2025 | Date of signature on the report |
Keywords
Form 4, Intuitive Machines, LUNR, Stephen Altemus, CEO, Stock Disposal, Tax Obligations, Class A Common Stock, Beneficial Ownership
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