Intuitive Machines (LUNR) director awarded 7,434 RSUs and reports major holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ghaffarian Kamal Seyed reported acquisition or exercise transactions in this Form 4 filing.
Intuitive Machines director Kamal Ghaffarian received an equity award and reported substantial existing holdings. He was granted 7,434 restricted stock units, each representing one share of Class A Common Stock, as compensation. These RSUs vest in full on the earlier of the first anniversary of the grant date or the next annual meeting.
The RSUs do not expire, and Dr. Ghaffarian elected to defer receipt until his retirement from the Board. Following this award, he directly holds 153,526 shares of Class A Common Stock and indirectly 3,494,768 shares held of record by Ghaffarian Enterprises, LLC, through a revocable trust structure. He disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ghaffarian Kamal Seyed, Intuitive Machines KG Parent, LLC, Ghaffarian Enterprises, LLC, GM Enterprises, LLC
Role
null | null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 7,434 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 153,526 shares (Direct, null);
Class A Common Stock — 3,494,768 shares (Indirect, See footnotes)
Footnotes (1)
- Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Class A Common Stock. The RSUs will vest in full on the earlier to occur of the first anniversary of the grant date and the date of the next annual meeting following the grant date. The RSUs do not expire. The reporting person elected to defer receipt of these RSUs until his retirement from the Company's Board of Directors. Kamal Ghaffarian is the sole trustee of a revocable trust that is the sole member of Ghaffarian Enterprises, LLC. As a result, Dr. Ghaffarian may be deemed to share beneficial ownership of the securities reported herein, but disclaims beneficial ownership except to the extent of his pecuniary interest therein. The securities reported herein as indirectly owned are held of record by Ghaffarian Enterprises, LLC.
Key Figures
RSU grant: 7,434 RSUs
RSU price: $0.0000 per share
Direct holdings after grant: 153,526 shares
+2 more
5 metrics
RSU grant
7,434 RSUs
Award of restricted stock units to director
RSU price
$0.0000 per share
Grant price per RSU share
Direct holdings after grant
153,526 shares
Class A Common Stock held directly after transaction
Indirect holdings
3,494,768 shares
Class A Common Stock held indirectly via Ghaffarian Enterprises, LLC
Transaction date
June 4, 2026
Date of reported transactions
Key Terms
restricted stock units ("RSUs"), revocable trust, beneficial ownership, pecuniary interest, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
revocable trust financial
"is the sole trustee of a revocable trust that is the sole member"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
beneficial ownership financial
"may be deemed to share beneficial ownership of the securities reported herein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership except to the extent of his pecuniary interest therein"
indirectly owned financial
"The securities reported herein as indirectly owned are held of record"
FAQ
What insider transaction did Intuitive Machines (LUNR) report for Kamal Ghaffarian?
Intuitive Machines reported a grant of 7,434 restricted stock units to director Kamal Ghaffarian. Each RSU equals one share of Class A Common Stock, representing compensation rather than an open-market stock purchase or sale.
How and when do Kamal Ghaffarian’s new RSUs in Intuitive Machines (LUNR) vest?
The 7,434 RSUs granted to Kamal Ghaffarian vest in full on the earlier of the first anniversary of the grant date or the next annual shareholder meeting. The RSUs do not expire, providing time-based service-linked equity compensation.
Did Kamal Ghaffarian defer his Intuitive Machines (LUNR) RSU award?
Yes. Kamal Ghaffarian elected to defer receipt of the 7,434 RSUs until his retirement from the Intuitive Machines Board. He earns vesting benefits now, but actual share delivery is postponed until he leaves Board service.