Intuitive Machines (LUNR) insider entity sells 283,818 Class A shares
Rhea-AI Filing Summary
Intuitive Machines, Inc. reported that entities associated with Dr. Kamal Ghaffarian restructured and partially reduced their stake in Class A Common Stock. On March 24, 2026, they exercised 283,818 Common Units of Intuitive Machines, LLC into 283,818 shares of Class A Common Stock at a conversion price of $0.00 per unit, with an equal number of shares of Class C Common Stock automatically cancelled and returned to the issuer for no consideration.
On the same date, Ghaffarian Enterprises, LLC sold an aggregate of 283,818 Class A shares in multiple open‑market transactions at weighted average prices ranging from roughly $17.06 to $20.75 per share, under a pre‑arranged Rule 10b5‑1 trading plan adopted on December 4, 2025. After these transactions, affiliated entities continued to hold large positions, including more than 33 million Common Units and Class C shares and approximately 3.49 million Class A shares at Ghaffarian Enterprises, LLC, plus additional units and shares at GM Enterprises, LLC and Intuitive Machines KG Parent, LLC.
Dr. Ghaffarian is the sole managing member or trustee of the entities holding these securities and may be deemed to share beneficial ownership, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Units | 283,818 | $0.00 | -- |
| Exercise | Class A Common Stock | 283,818 | $0.00 | -- |
| Disposition | Class C Common Stock | 283,818 | $0.00 | -- |
| Sale | Class A Common Stock | 67,589 | $17.7966 | $1.20M |
| Sale | Class A Common Stock | 135,021 | $18.5863 | $2.51M |
| Sale | Class A Common Stock | 51,099 | $19.6962 | $1.01M |
| Sale | Class A Common Stock | 30,109 | $20.343 | $613K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- 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. Following the transactions reported herein, represents (i) 2,241,121 Common Units and shares of Class C Common Stock held of record by GM Enterprises, LLC, (ii) 249,080 Common Units and shares of Class C Common Stock held of record by Intuitive Machines KG Parent, LLC and (iii) (x) 33,291,338 Common Units and shares of Class C Common Stock and (y) 3,494,768 shares of Class A Common Stock held of record by Ghaffarian Enterprises, LLC. Kamal Ghaffarian is the sole managing member of GM Enterprises, LLC and Intuitive Machines KG Parent, LLC, and 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 sales reported herein were effected pursuant to a Rule 10b5-1 plan adopted by Ghaffarian Enterprises, LLC on December 4, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.06 to $18.05, inclusive. The reporting persons undertake 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 $18.055 to $19.05, inclusive. The reporting persons undertake 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 $19.06 to $20.05, inclusive. The reporting persons undertake 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 $20.06 to $20.75, inclusive. The reporting persons undertake 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.
