Form 4: Intuitive Machines SVP Timothy Crain II Executes Unit Redemption, Adjusts Holdings

Timothy Price Crain II, SVP and Chief Growth Officer at Intuitive Machines, Inc., redeemed common units for Class A Common Stock and adjusted his holdings in Class C Common Stock.

Summary

• On July 11, 2024, Timothy Price Crain II, SVP and Chief Growth Officer of Intuitive Machines, Inc., engaged in a transaction involving the company's stock.
• Crain redeemed 143,989 Common Units of Intuitive Machines, LLC for 143,989 shares of Class A Common Stock.
• Following the transaction, Crain directly owns 506,799 shares of Class A Common Stock and 10,301,457 shares of Class C Common Stock.
• He also directly owns 11,416,416 Common Units.
• The Common Units can be redeemed for Class A Common Stock on a one-to-one basis, and a corresponding number of Class C Common Stock shares are cancelled upon redemption.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a transaction by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings and transactions of company executives.

Stakeholder Impact

• The transaction may be of interest to shareholders as it provides insight into the actions of company leadership.

Key Dates