Form 4: Intuitive Machines Insider Sells Shares
Insider Transaction (Form 4)
Kamal Seyed Ghaffarian and 2 others reported changes in beneficial ownership of Intuitive Machines, Inc. common stock on September 8, 2026.
Summary
- Option exercise/conversion: acquired 94,606 Class A Common Stock on September 8, 2026; holds 3,589,374 after (Indirect).
- Disposition to the issuer: disposed of 94,606 Class C Common Stock on September 8, 2026; holds 34,125,934 after (Indirect).
- Open-market sale: disposed of 93,105 Class A Common Stock at $15.39 ($1,433,007) on September 8, 2026; holds 3,496,270 after (Indirect).
- Open-market sale: disposed of 1,501 Class A Common Stock at $15.76 ($23,652) on September 8, 2026; holds 3,494,768 after (Indirect).
- Option exercise/conversion: acquired 1,698 Class A Common Stock on September 9, 2026; holds 3,496,466 after (Indirect).
- Disposition to the issuer: disposed of 1,698 Class C Common Stock on September 9, 2026; holds 34,124,236 after (Indirect).
- Open-market sale: disposed of 1,698 Class A Common Stock at $16.00 ($27,173) on September 9, 2026; holds 3,494,768 after (Indirect).
- Option exercise/conversion: disposed of 94,606 Common Units on September 8, 2026; holds 34,125,934 after (Indirect).
- Option exercise/conversion: disposed of 1,698 Common Units on September 9, 2026; holds 34,124,236 after (Indirect).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $1,483,832 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Kamal Seyed Ghaffarian — Director, 10% owner
Ghaffarian Enterprises, LLC — 10% owner
GM Enterprises, LLC — 10% owner
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-08 | Option exercise/conversion | Class A Common Stock | 94,606 | — | — | 3,589,374 |
| 2026-09-08 | Disposition to the issuer | Class C Common Stock | 94,606 | — | — | 34,125,934 |
| 2026-09-08 | Open-market sale | Class A Common Stock | 93,105 | $15 | $1.4M | 3,496,270 |
| 2026-09-08 | Open-market sale | Class A Common Stock | 1,501 | $16 | $23.7K | 3,494,768 |
| 2026-09-09 | Option exercise/conversion | Class A Common Stock | 1,698 | — | — | 3,496,466 |
| 2026-09-09 | Disposition to the issuer | Class C Common Stock | 1,698 | — | — | 34,124,236 |
| 2026-09-09 | Open-market sale | Class A Common Stock | 1,698 | $16 | $27.2K | 3,494,768 |
| 2026-09-08 | Option exercise/conversion | Common Units | 94,606 | — | — | 34,125,934 |
| 2026-09-09 | Option exercise/conversion | Common Units | 1,698 | — | — | 34,124,236 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-08 | Option exercise/conversion (94,606 shares) |
| 2026-09-08 | Disposition to the issuer (94,606 shares) |
| 2026-09-08 | Open-market sale (93,105 shares) |
| 2026-09-08 | Open-market sale (1,501 shares) |
| 2026-09-09 | Option exercise/conversion (1,698 shares) |
| 2026-09-09 | Disposition to the issuer (1,698 shares) |
| 2026-09-09 | Open-market sale (1,698 shares) |
| 2026-09-08 | Option exercise/conversion (94,606 shares) |
| 2026-09-09 | Option exercise/conversion (1,698 shares) |
Keywords
insider transaction, Form 4, LUNR, Intuitive Machines, Inc., bearish, Kamal Seyed Ghaffarian, Ghaffarian Enterprises, LLC, GM Enterprises, LLC
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