Form 4: McGrath Peter reports sale transactions in LUNR
Rhea-AI Filing Summary
McGrath Peter reported open-market sale transactions in a Form 4 filing for LUNR. The filing lists transactions totaling 25,541 shares at a weighted average price of $17.44 per share. Following the reported transactions, holdings were 425,800 shares.
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FAQ
What insider transaction did Intuitive Machines (LUNR) report for its SVP and CFO?
Intuitive Machines reported that SVP and CFO Peter McGrath sold 25,541 Class A shares at $17.436 on February 11, 2026. This was an open-market transaction disclosed on a Form 4 insider trading report.
Why did Intuitive Machines (LUNR) CFO Peter McGrath sell 25,541 shares?
The Form 4 states McGrath’s sale was to cover tax withholding obligations from vesting restricted stock units. The footnote clarifies the sale did not represent a discretionary transaction by the reporting person, indicating it was tax-driven rather than an elective share sale.
What price did Intuitive Machines (LUNR) CFO receive for the shares sold?
Peter McGrath sold the 25,541 Class A shares at a price of $17.436 per share. The transaction is identified as an open-market sale, with the share price specifically disclosed in the Form 4 filing.
How many Intuitive Machines (LUNR) shares does the CFO own after this Form 4 transaction?
Following the reported tax-related sale, Peter McGrath beneficially owned 425,800 shares of Intuitive Machines Class A Common Stock. The filing indicates this ownership is held on a direct basis after completion of the February 11, 2026 transaction.
Is the Intuitive Machines (LUNR) CFO’s February 2026 share sale considered discretionary?
No. The Form 4 footnote explicitly states the sale was to cover tax withholding obligations from vesting restricted stock units and does not represent a discretionary transaction by the reporting person, distinguishing it from voluntary insider selling.
What type of security did Intuitive Machines (LUNR) CFO Peter McGrath sell?
Peter McGrath sold Class A Common Stock of Intuitive Machines. The transaction involved 25,541 shares and was reported in Table I of the Form 4 as a non-derivative security sale in the open market.