CFO of Intuitive Machines (LUNR) sells shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuitive Machines, Inc. senior vice president and CFO Peter McGrath disposed of 24,554 shares of Class A common stock at an average price of $23.608 per share. According to the disclosure, these shares were sold solely to cover tax withholding obligations tied to vesting restricted stock units and did not represent a discretionary transaction. Following the sale, McGrath directly holds 401,246 shares of Intuitive Machines Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 24,554 shares ($579,671)
Net Sell
1 txn
Insider
McGrath Peter
Role
SVP and CFO
Sold
24,554 shs ($580K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 24,554 | $23.608 | $580K |
Holdings After Transaction:
Class A Common Stock — 401,246 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares disposed: 24,554 shares
Sale price per share: $23.608 per share
Shares owned after transaction: 401,246 shares
3 metrics
Shares disposed
24,554 shares
Open-market sale to cover tax withholding on RSU vesting
Sale price per share
$23.608 per share
Average price for Class A common stock disposition
Shares owned after transaction
401,246 shares
Direct holdings of Intuitive Machines Class A common stock post-sale
Key Terms
restricted stock units, tax withholding obligations, open-market sale, Reporting Person
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations"
open-market sale financial
"transaction_action" : "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Reporting Person financial
"shares sold by the Reporting Person to cover tax withholding obligations"
FAQ
What did Intuitive Machines (LUNR) CFO Peter McGrath report in this Form 4?
Peter McGrath reported disposing of 24,554 Intuitive Machines Class A shares. The filing explains the sale covered tax withholding obligations from vesting restricted stock units, so it was not a discretionary trade or a change in his investment stance toward LUNR.