Form 4: Intuitive Machines Director Kamal Ghaffarian Reports Stock Sales and Unit Transfers

Kamal Ghaffarian, a director and 10% owner of Intuitive Machines, reported the sale of Class A Common Stock and the transfer of Common Units, including a gift to a charitable trust.

Summary

• On December 30, 2024, Kamal Ghaffarian, through related entities, engaged in transactions involving Intuitive Machines stock and common units.
• These transactions included the conversion of common units into Class A Common Stock, sales of Class A Common Stock, and a gift of common units to a charitable trust.
• Ghaffarian Enterprises, LLC sold 201,327 shares of Class A Common Stock at an average price of $17.9644 and 176,646 shares at an average price of $18.7892 on December 30, 2024.
• On the same day, 377,973 Common Units were converted into Class A Common Stock.
• Ghaffarian Enterprises, LLC gifted 570,000 Common Units to a charitable trust on December 30, 2024, which were subsequently redeemed for Class A Common Stock on December 31, 2024, leading to the cancellation of 570,000 shares of Class C Common Stock.
• Following these transactions, Ghaffarian's indirect holdings include significant amounts of Common Units, Class C Common Stock, and Class A Common Stock held through various entities.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 22, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports transactions without expressing positive or negative views on the company's performance.

Industry Context

This filing reflects insider transactions in a publicly traded space exploration company. Monitoring such transactions can provide insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• Shareholders may be interested in the insider selling activity as it could influence their investment decisions.

Key Dates