Form 4: Intuitive Machines: Kamal Ghaffarian Reports Acquisition of Class C Common Stock

Kamal Ghaffarian, a director and 10% owner of Intuitive Machines, reported acquiring Class C Common Stock due to the vesting of earn-out units.

Summary

• On February 3, 2025, Kamal Ghaffarian acquired 4,624,531 shares of Class C Common Stock of Intuitive Machines, Inc.
• The acquisition was due to the vesting of earn-out units and the shares were acquired at par value.
• Following the transaction, Ghaffarian directly owns 37,788,761 shares of Class C Common Stock.
• Ghaffarian also indirectly owns shares through Ghaffarian Enterprises, LLC, GM Enterprises, LLC, and Intuitive Machines KG Parent, LLC.
• The total indirect ownership includes 2,241,121 shares held by GM Enterprises, LLC, 1,541,809 shares held by Intuitive Machines KG Parent, LLC, and 34,005,831 shares held by Ghaffarian Enterprises, LLC.
• Upon redemption of Common Units, an equal number of Class C Common Stock shares will be cancelled for no consideration.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard SEC filing reflecting a transaction related to vesting of earn-out units. It doesn't inherently indicate positive or negative sentiment, but rather a procedural update.

Positives

• The acquisition of shares by a director and significant owner could be seen as a positive signal of confidence in the company's future.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of key individuals.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholders as it reflects insider activity.

Key Dates

Keywords

Intuitive Machines, Kamal Ghaffarian, Class C Common Stock, Beneficial Ownership, Form 4, Ownership, LUNR