Form 4: Intuitive Machines Director Nicole Seligman Awarded Restricted Stock Units, Boosting Direct Ownership

Intuitive Machines, Inc. Director Nicole Seligman was granted 18,383 restricted stock units (RSUs) on June 5, 2025, increasing her direct beneficial ownership to 81,248 shares of Class A Common Stock.

Summary

• Nicole Seligman, a Director of Intuitive Machines, Inc. (LUNR), reported an acquisition of Class A Common Stock.
• The transaction occurred on June 5, 2025, and involved an award of 18,383 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Class A Common Stock, with an acquisition price of $0.00 per unit, as it is an award.
• 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.
• Ms. Seligman has elected to defer the receipt of these RSUs until her retirement from the Company's Board of Directors.
• Following this transaction, Ms. Seligman directly beneficially owns a total of 81,248 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive indicator of alignment between management/board and shareholder interests, suggesting confidence in the company's future. However, it does not directly reflect operational or financial performance.

Positives

• The award of restricted stock units to a director aligns their interests with those of the shareholders, promoting long-term commitment and performance.
• The deferral of RSU receipt until retirement indicates a long-term commitment by the director to the company.

Future Outlook

The granted restricted stock units are subject to a future vesting schedule, either on the first anniversary of the grant date or the date of the next annual meeting, and the reporting person has elected to defer receipt until retirement from the board.

Industry Context

This filing is a standard disclosure of an insider equity transaction, common across publicly traded companies as part of director compensation packages, aiming to align management and director interests with shareholder value.

Related Party Transactions

• The award of restricted stock units to a director constitutes a transaction with a related party, which is a standard form of executive and director compensation.

Stakeholder Impact

• Shareholders: The equity award aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• Vesting of the 18,383 restricted stock units on the earlier of June 5, 2026, or the date of the next annual meeting following the grant date.
• Potential future receipt of the vested shares upon the director's retirement from the Board of Directors, as per her deferral election.

Key Dates

Keywords

Intuitive Machines, LUNR, Form 4, insider transaction, restricted stock units, RSU, equity award, director compensation, beneficial ownership