Form 4: Intuitive Machines Director Kamal Ghaffarian Reports Share Sales

Director Kamal Ghaffarian reports the conversion and sale of Intuitive Machines (LUNR) shares on November 6, 2024, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• On November 6, 2024, Kamal Seyed Ghaffarian, a director and 10% owner of Intuitive Machines, Inc. (LUNR), converted 74,248 Common Units into Class A Common Stock and Class C Common Stock.
• He then sold 74,248 shares of Class A Common Stock at a weighted average price of $8.0282, with prices ranging from $8.00 to $8.08.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on March 22, 2024.
• Following these transactions, Ghaffarian's indirect holdings include 3,494,768 shares of Class A Common Stock and 36,506,032 shares of Class C Common Stock, held through various entities.
• He also indirectly holds 41,130,561 Common Units, which can be redeemed for Class A Common Stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity under a pre-arranged plan.

Risks

• The sale of shares by a major shareholder could be perceived negatively by the market.

Industry Context

This filing is a routine disclosure of insider trading activity. It provides transparency into the actions of company insiders, which can be relevant to investors' assessment of the company's prospects.

Stakeholder Impact

• Shareholders may react to the news of a director selling shares, although the existence of a 10b5-1 plan mitigates concerns about opportunistic trading.

Key Dates