Form 4: Intuitive Machines CFO Peter McGrath Sells Shares Under 10b5-1 Plan

Intuitive Machines' CFO, Peter McGrath, sold 72,168 shares of Class A Common Stock at $12 per share on May 13, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 13, 2025, Peter McGrath, the SVP and CFO of Intuitive Machines, Inc. (LUNR), sold 72,168 shares of Class A Common Stock.
• The sale was executed at a price of $12 per share.
• Following the transaction, McGrath directly owns 366,824 shares of Intuitive Machines.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on December 12, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The use of a 10b5-1 plan suggests the sale was pre-planned and doesn't necessarily reflect a negative outlook on the company. Therefore, the sentiment is neutral.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but sales under 10b5-1 plans are generally viewed as less informative.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Intuitive Machines, LUNR, Peter McGrath, CFO, share sale, Form 4, 10b5-1 plan, insider trading