Form 4: Intuitive Machines' Interim CFO Steven Vontur Disposes of Shares to Cover Tax Obligations
SEC Form 4
Interim CFO & Corp. Controller Steven Vontur disposed of 5,697 shares of Intuitive Machines, Inc. to cover tax obligations.
Summary
- On April 11, 2024, Steven Vontur, Interim CFO & Corp. Controller of Intuitive Machines, Inc., disposed of 5,697 shares of Class A Common Stock.
- The transaction was executed to cover tax obligations.
- The price per share was $5.24.
- Following the transaction, Vontur directly owns 138,803 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. The sale of shares to cover tax obligations is a common practice and doesn't necessarily indicate a negative outlook.
Industry Context
This is a routine disclosure related to insider transactions. It is common for executives to sell shares to cover tax obligations arising from stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of transaction: Steven Vontur disposed of shares. |
| 04/15/2024 | Date of signature on the Form 4. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.