Form 4: Intuitive Machines: Ghaffarian Entities Dispose of Class C Common Stock and Transfer Common Units
SEC Form 4
Kamal Ghaffarian and related entities report the disposition of Class C Common Stock and transfer of Common Units in Intuitive Machines, Inc.
Summary
- Kamal Seyed Ghaffarian, along with related entities including Ghaffarian Enterprises, LLC, GM Enterprises, LLC, and Intuitive Machines KG Parent, LLC, filed a Form 4 detailing changes in beneficial ownership of Intuitive Machines, Inc. [LUNR] securities.
- The report indicates the disposition of 1,292,729 shares of Class C Common Stock at par value in connection with the disposition of Common Units.
- This disposition was a distribution pursuant to pre-existing arrangements under a management equity plan for employees of IBX, LLC.
- Intuitive Machines KG Parent, LLC transferred Common Units to an entity indirectly controlled by Dr. Ghaffarian.
- Following these transactions, the entities still hold significant amounts of Common Units and Class C Common Stock: GM Enterprises, LLC holds 2,241,121, Intuitive Machines KG Parent, LLC holds 249,080, and Ghaffarian Enterprises, LLC holds 34,005,831.
- The Common Units can be redeemed for Class A Common Stock on a one-to-one basis at the holder's discretion.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting transactions by significant shareholders. It doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders and large shareholders. This filing indicates activity by a significant shareholder of Intuitive Machines.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a major shareholder, Kamal Ghaffarian, and related entities.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of the transactions involving Class C Common Stock and Common Units. |
| 04/02/2025 | Date of signature for the Form 4 filings. |
Keywords
Form 4, beneficial ownership, Intuitive Machines, LUNR, Ghaffarian, Class C Common Stock, Common Units, IBX, LLC, management equity plan
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