Form 4: Intuitive Machines Director Kamal Ghaffarian Executes Stock Sale Under 10b5-1 Plan

Director Kamal Ghaffarian and related entities sold 161,016 shares of Intuitive Machines Class A Common Stock at an average price of $12.1005, while also converting Common Units into Class A and Class C Common Stock.

Summary

• On May 13, 2025, Kamal Seyed Ghaffarian, a director and 10% owner of Intuitive Machines, Inc. (LUNR), executed transactions involving the company's stock.
• Ghaffarian converted 161,016 Common Units into Class A and Class C Common Stock.
• Ghaffarian Enterprises, LLC sold 161,016 shares of Class A Common Stock at a weighted average price of $12.1005 per share, with prices ranging from $12.00 to $12.27.
• These sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 18, 2024.
• Following these transactions, Ghaffarian and related entities continue to hold a significant number of Common Units, Class A Common Stock, and Class C Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather reports factual information.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing reflects insider trading activity, which is a common occurrence in publicly traded companies. Monitoring such activity can provide insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The stock sale by a director could be perceived negatively by some shareholders, potentially leading to short-term price fluctuations.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Intuitive Machines, Ghaffarian, Stock Sale, Form 4, 10b5-1 Plan, Common Stock, Director, LUNR