CEO of Intuitive Machines (NASDAQ: LUNR) redeems units, sells Class A shares

Rhea-AI Filing Summary

Intuitive Machines, Inc. insider Stephen J. Altemus, the chief executive officer, director and more than 10% owner, reported pre-planned share sales under a Rule 10b5-1 trading plan. On January 15, 2026, he redeemed 428,503 Common Units of Intuitive Machines, LLC into an equal number of Class A common shares, with a corresponding 428,503 Class C shares cancelled for no consideration, then sold 428,503 Class A shares at a weighted average price of about $20.06.

On January 16, 2026, he similarly redeemed 58,828 Common Units into Class A shares, with 58,828 Class C shares cancelled, and sold 58,828 Class A shares at a weighted average price of about $20.03. Following these transactions, he directly held 1,026,402 Class A common shares and derivative holdings of 12,342,213 Common Units, each redeemable on a one-to-one basis into Class A shares at the holder’s discretion.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Altemus Stephen J

(Last) (First) (Middle)

13467 COLUMBIA SHUTTLE STREET

(Street)

HOUSTON TX 77059

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Intuitive Machines, Inc. [ LUNR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/15/2026		M		428,503	A	(2)	1,454,905	D
Class C Common Stock	01/15/2026		D		428,503	D	(2)	12,401,041	D
Class A Common Stock	01/15/2026		S(1)		428,503	D	$20.0638(3)	1,026,402	D
Class A Common Stock	01/16/2026		M		58,828	A	(2)	1,085,230	D
Class C Common Stock	01/16/2026		D		58,828	D	(2)	12,342,213	D
Class A Common Stock	01/16/2026		S(1)		58,828	D	$20.033(4)	1,026,402	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Units	(2)	01/15/2026		M			428,503	(2)	(2)	Class A Common Stock	428,503	(2)	12,401,041	D
Common Units	(2)	01/16/2026		M			58,828	(2)	(2)	Class A Common Stock	58,828	(2)	12,342,213	D

Explanation of Responses:

1. The sales reported herein were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 18, 2024.

2. The Common Units of Intuitive Machines, LLC may be redeemed for shares of the Issuer's Class A Common Stock on a one-to-one basis at the discretion of the holder. The Common Units do not expire. Upon the redemption of any Common Units, a number of shares of Class C Common Stock equal to the number of Common Units that are redeemed will automatically be cancelled for no consideration.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.20, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.16, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

	/s/ Steven Vontur, Attorney-in-Fact	01/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did LUNR report for Stephen J. Altemus?

Stephen J. Altemus, Intuitive Machines, Inc.'s chief executive officer, director and more than 10% owner, reported a series of redemptions of Common Units into Class A common stock and related sales of those Class A shares on January 15 and 16, 2026, all under a Rule 10b5-1 trading plan.

How many Intuitive Machines (LUNR) shares did the CEO sell and at what prices?

On January 15, 2026, he sold 428,503 Class A shares at a $20.0638 weighted average price, and on January 16, 2026, he sold 58,828 Class A shares at a $20.033 weighted average price. In each case, the prices reflect multiple trades within narrow ranges around $20.00.

What is the relationship between Intuitive Machines Common Units and Class A and Class C shares?

The filing states that each Common Unit of Intuitive Machines, LLC may be redeemed at the holder’s discretion for one share of Intuitive Machines, Inc. Class A common stock, and that when Common Units are redeemed, an equal number of Class C common shares are automatically cancelled for no consideration.

How many Intuitive Machines (LUNR) shares does the CEO own after these transactions?

After the reported transactions, Stephen J. Altemus directly held 1,026,402 shares of Class A common stock and 12,342,213 Common Units, with those Common Units each redeemable on a one-to-one basis into Class A common stock according to the disclosure.

Were the Intuitive Machines CEO’s LUNR share sales part of a trading plan?

Yes. A footnote explains that the reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 18, 2024, which is designed to allow pre-arranged trading according to specified instructions.

What do the weighted average prices in the LUNR Form 4 mean?

The filing notes that the reported prices of $20.0638 and $20.033 are weighted average prices. The shares were sold in multiple transactions within price ranges of $20.00 to $20.20 and $20.00 to $20.16, respectively, and detailed breakdowns are available upon request from the issuer, any security holder, or the SEC staff.