Form 4: Intuitive Machines SVP and COO Peter McGrath Reports Stock Transaction
SEC Filing
Peter McGrath, SVP and COO of Intuitive Machines, reports the disposition of 24,082 shares of Class A Common Stock to cover tax obligations.
Summary
- On April 11, 2024, Peter McGrath, SVP and COO of Intuitive Machines, disposed of 24,082 shares of Class A Common Stock.
- The transaction was executed at a price of $5.24 per share.
- Following the transaction, McGrath directly owns 459,668 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock transaction by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a common practice for executives to sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of stock transaction |
| 04/15/2024 | Date of signature for the report |
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