Form 4: Intuitive Machines SVP and COO Peter McGrath Reports Stock Transactions

Peter McGrath, SVP and COO of Intuitive Machines, reports the acquisition and disposal of Class A Common Stock on February 7, 2025.

Summary

• On February 7, 2025, Peter McGrath, SVP and COO of Intuitive Machines, engaged in transactions involving Class A Common Stock.
• McGrath disposed of 12,524 shares of Class A Common Stock at a price of $18.4 per share.
• He also acquired 54,348 shares of Class A Common Stock at $0 per share.
• Following these transactions, McGrath beneficially owns 501,492 shares of Class A Common Stock.
• Additionally, McGrath was awarded restricted stock units (RSUs) representing a contingent right to receive one share of Class A Common Stock for each unit.
• The RSUs will vest in four equal annual installments starting on February 7, 2026.

Sentiment

Score: 6

Explanation: Neutral sentiment as it primarily reports stock transactions, which are a normal part of executive compensation and portfolio management.

Positives

• The acquisition of 54,348 shares at $0 suggests an incentive or compensation mechanism benefiting the executive.

Future Outlook

The RSUs will vest in four equal annual installments beginning on February 7, 2026, indicating a long-term incentive for the executive.

Industry Context

Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the trading activities of company executives and directors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive stock ownership.
• The RSU award aligns executive interests with long-term shareholder value.

Key Dates

Keywords

Intuitive Machines, LUNR, Peter McGrath, Stock Transaction, Class A Common Stock, RSU, SVP, COO