Form 4: Intuitive Machines SVP Timothy Crain II Executes Stock Sales Under 10b5-1 Plan

Timothy Price Crain II, SVP and Chief Growth Officer of Intuitive Machines, Inc., reports sales of Class A Common Stock and conversions of Common Units into Class A Common Stock, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 3, 2025, Timothy Price Crain II, SVP and Chief Growth Officer of Intuitive Machines, converted 63,673 Common Units into Class A Common Stock and sold the same amount of Class A Common Stock at a weighted average price of $22.0163.
• Following these transactions on January 3, 2025, Crain directly owns 426,483 shares of Class A Common Stock and 8,584,927 shares of Class C Common Stock.
• On January 6, 2025, Crain converted 236,327 Common Units into Class A Common Stock and sold the same amount of Class A Common Stock at a weighted average price of $22.0305.
• Following these transactions on January 6, 2025, Crain directly owns 362,810 shares of Class A Common Stock and 8,348,600 shares of Class C Common Stock.
• The sales were executed under a Rule 10b5-1 plan adopted on March 22, 2024.
• Crain also directly owns 9,463,559 Common Units after the reported transactions.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, as the sales are conducted under a pre-arranged plan.

Industry Context

This Form 4 filing is a routine disclosure related to insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company's stock. The use of a 10b5-1 plan is a common practice to allow insiders to sell shares without being accused of trading on non-public information.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company executives as it can provide insights into their confidence in the company's future prospects.

Key Dates