Form 4: Intuitive Machines Director Michael Blitzer Reports Acquisition of 18,383 Class A Common Stock RSUs

Intuitive Machines, Inc. Director Michael Blitzer reported the acquisition of 18,383 shares of Class A Common Stock through a restricted stock unit award, increasing his direct beneficial ownership to 1,690,168 shares.

Summary

• Michael Blitzer, a Director of Intuitive Machines, Inc. (LUNR), reported a transaction on June 5, 2025.
• The transaction involved the acquisition of 18,383 shares of Class A Common Stock.
• These shares were acquired as an award of restricted stock units (RSUs) at a price of $0 per share.
• Each RSU represents a contingent right to receive one share of Class A Common Stock.
• The RSUs are set to vest in full on the earlier of the first anniversary of the grant date or the date of the next annual meeting following the grant date.
• Mr. Blitzer has elected to defer the receipt of these RSUs until his retirement from the Company's Board of Directors.
• Following this transaction, Michael Blitzer directly beneficially owns 1,690,168 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The acquisition of restricted stock units by a director is generally a positive signal as it aligns management's interests with shareholders. However, as it is a compensation award rather than an open market purchase, its direct impact on sentiment is moderate.

Positives

• The acquisition of restricted stock units by a director aligns their interests with those of shareholders, as the value of the award is tied to the company's stock performance.
• The deferral of receipt until retirement indicates a long-term commitment to the company by the director.

Future Outlook

The restricted stock units are scheduled to vest on the earlier of the first anniversary of the grant date or the date of the next annual meeting following the grant date, with receipt deferred until the reporting person's retirement from the Board.

Industry Context

This Form 4 filing is a routine disclosure of an insider's change in beneficial ownership, specifically related to compensation. It does not provide broader industry trends or competitive analysis.

Corporate Governance

Related Party Transactions

• The award of restricted stock units to Michael Blitzer, a director, constitutes a related party transaction as it involves compensation from the company to an insider.

Stakeholder Impact

• Shareholders: The RSU award aligns the director's financial interests with the company's stock performance, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on employees mentioned.

Next Steps

• The RSUs will vest on the earlier of the first anniversary of the grant date or the date of the next annual meeting following the grant date.
• The reporting person will receive the shares underlying the RSUs upon his retirement from the Company's Board of Directors.

Key Dates

Keywords

Intuitive Machines, LUNR, Michael Blitzer, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Award, Beneficial Ownership, Director Compensation