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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Units | 58,828 | $0.00 | -- |
| Exercise | Class A Common Stock | 58,828 | $0.00 | -- |
| Disposition | Class C Common Stock | 58,828 | $0.00 | -- |
| Sale | Class A Common Stock | 58,828 | $20.033 | $1.18M |
| Exercise | Common Units | 428,503 | $0.00 | -- |
| Exercise | Class A Common Stock | 428,503 | $0.00 | -- |
| Disposition | Class C Common Stock | 428,503 | $0.00 | -- |
| Sale | Class A Common Stock | 428,503 | $20.0638 | $8.60M |
Footnotes (1)
- The sales reported herein were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 18, 2024. 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. 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. 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.
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.
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.