Intuitive Machines (LUNR) CEO plans and sells Class A shares in Form 4
Rhea-AI Filing Summary
Intuitive Machines CEO Stephen J. Altemus reported planned share sales tied to exchanges of LLC units into Class A stock. On January 2, 2026, he converted 83,914 Common Units of Intuitive Machines, LLC into the same number of Class A shares and an equal number of Class C shares were cancelled. The 83,914 Class A shares were then sold at a weighted average price of $18.0391 per share under a Rule 10b5-1 trading plan adopted on December 18, 2024.
On January 5, 2026, he similarly converted 416,086 Common Units into Class A shares, with an equal number of Class C shares cancelled, and sold 416,086 Class A shares at a weighted average price of $18.0845. After these transactions, he directly held 1,026,402 shares of Class A Common Stock and 12,842,213 Common Units, which are redeemable one-to-one for Class A shares at the holder’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Units | 416,086 | $0.00 | -- |
| Exercise | Class A Common Stock | 416,086 | $0.00 | -- |
| Disposition | Class C Common Stock | 416,086 | $0.00 | -- |
| Sale | Class A Common Stock | 416,086 | $18.0845 | $7.52M |
| Exercise | Common Units | 83,914 | $0.00 | -- |
| Exercise | Class A Common Stock | 83,914 | $0.00 | -- |
| Disposition | Class C Common Stock | 83,914 | $0.00 | -- |
| Sale | Class A Common Stock | 83,914 | $18.0391 | $1.51M |
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 $18.00 to $18.105, 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 $18.00 to $18.26, 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 Intuitive Machines (LUNR) report in this Form 4?
The filing shows CEO Stephen J. Altemus converted Common Units of Intuitive Machines, LLC into Class A Common Stock on January 2 and January 5, 2026, and sold the resulting Class A shares in open-market transactions.
What happens to Intuitive Machines’ Class C stock when Common Units are redeemed?
The filing explains that when Common Units of Intuitive Machines, LLC are redeemed for Class A Common Stock on a one-to-one basis, an equal number of Class C Common Stock shares are automatically cancelled for no consideration.
How many Intuitive Machines Common Units does the CEO still own after the conversions?
After the January 2026 conversions, he beneficially owned 12,842,213 Common Units of Intuitive Machines, LLC, which may be redeemed for an equal number of Class A shares at his discretion.