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

Director Kamal Ghaffarian, along with related entities, sold 40,254 shares of Intuitive Machines Class A Common Stock at an average price of $12.0165, while also converting Common Units into Class A Common Stock and Class C Common Stock.

Summary

• On May 19, 2025, Kamal Seyed Ghaffarian, a director and 10% owner of Intuitive Machines, Inc. (LUNR), executed transactions involving the company's stock.
• These transactions included the conversion of 40,254 Common Units into Class A Common Stock and Class C Common Stock.
• Additionally, 40,254 shares of Class A Common Stock were sold at a weighted average price of $12.0165, with prices ranging from $12.00 to $12.08.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 18, 2024.
• Following these transactions, Ghaffarian and related entities (Ghaffarian Enterprises, LLC, GM Enterprises, LLC, and Intuitive Machines KG Parent, LLC) continue to hold significant positions in Intuitive Machines stock, including Class A Common Stock, Class C Common Stock, and Common Units.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports routine transactions under a pre-existing trading plan. The sale itself could be interpreted negatively, but the existence of the 10b5-1 plan mitigates this.

Industry Context

This filing reflects insider trading activity, which is a common occurrence in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by shareholders, potentially leading to a slight decrease in stock price, although the existence of a 10b5-1 plan may lessen this impact.

Key Dates

Keywords

Intuitive Machines, Kamal Ghaffarian, Class A Common Stock, Class C Common Stock, Common Units, Rule 10b5-1 plan, Director, 10% Owner, SEC Form 4