Intuitive Machines CTO sells 150K shares under plan
The chief technology officer executed a pre-established Rule 10b5-1 plan to convert 150,000 units into Class A shares and sell the same number in the market.
Rhea-AI Filing Summary
Intuitive Machines, Inc. (LUNR) reported that SVP & Chief Technology Officer Timothy Price Crain II converted a total of 150,000 Common Units of Intuitive Machines, LLC into 150,000 shares of Class A Common Stock on September 18 and September 21, 2026, with an equal number of Class C shares automatically cancelled for no consideration. On the same dates he sold 150,000 Class A shares in open-market transactions at weighted average prices of $13.97, $14.85 and $15.05 per share, all under a Rule 10b5-1 plan adopted on September 16, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Crain Timothy Price II
Role
SVP & Chief Technology Officer
Sold
150,000 shs ($2.15M)
Approx. gross sale proceeds
$2.15M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Units F2 | 50,000 | -- | -- |
| Exercise | Class A Common Stock F2 | 50,000 | -- | -- |
| Disposition | Class C Common Stock F2 | 50,000 | -- | -- |
| Sale | Class A Common Stock F1, F5 | 50,000 | $15.0506 | $753K |
| Exercise | Common Units F2 | 100,000 | -- | -- |
| Exercise | Class A Common Stock F2 | 100,000 | -- | -- |
| Disposition | Class C Common Stock F2 | 100,000 | -- | -- |
| Sale | Class A Common Stock F1, F3 | 98,500 | $13.9664 | $1.38M |
| Sale | Class A Common Stock F1, F4 | 1,500 | $14.8527 | $22K |
Holdings After Transaction:
Common Units — 8,570,615 contracts (Direct);
Class C Common Stock — 8,570,615 shares (Direct);
Class A Common Stock — 351,279 shares (Direct)
Footnotes (5)
- F1. The sales reported herein were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on September 16, 2025.
- F2. 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.80 to $14.78, 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.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.81 to $14.88, 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.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.18, 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.
Key Figures
Common Units converted: 150,000 units
Class A shares acquired via conversion: 150,000 shares
Class C shares cancelled: 150,000 shares
+5 more
8 metrics
Common Units converted
150,000 units
Redeemed into Class A Common Stock on September 18 and 21, 2026
Class A shares acquired via conversion
150,000 shares
Issued upon redemption of Common Units on September 18 and 21, 2026
Class C shares cancelled
150,000 shares
Automatically cancelled for no consideration upon Common Unit redemptions
Class A shares sold
150,000 shares
Open-market or private transactions on September 18 and 21, 2026
Weighted average sale price (98,500 shares)
$13.9664 per share
Multiple trades between $13.80 and $14.78 on September 18, 2026
Weighted average sale price (1,500 shares)
$14.8527 per share
Multiple trades between $14.81 and $14.88 on September 18, 2026
Weighted average sale price (50,000 shares)
$15.0506 per share
Multiple trades between $15.00 and $15.18 on September 21, 2026
Rule 10b5-1 plan adoption date
September 16, 2025
Plan under which reported sales were effected
Key Terms
Rule 10b5-1 plan, Common Units, Class C Common Stock, weighted average price
4 terms
Rule 10b5-1 plan regulatory
"The sales reported herein were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on September 16, 2025"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Common Units financial
"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"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
Class C Common Stock financial
"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"
A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did LUNR's chief technology officer report in this Form 4?
He reported converting 150,000 Common Units into 150,000 Class A Common Stock and selling 150,000 Class A shares in market transactions on September 18 and 21, 2026, with related Class C shares cancelled for no consideration.
Were the LUNR insider’s trades made under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on September 16, 2025, indicating the transactions followed a pre-established trading arrangement.
What happened to the LUNR Class C Common Stock in this transaction?
For each Common Unit redeemed, a share of Class C Common Stock was automatically cancelled. In total, 100,000 Class C shares and 50,000 Class C shares were cancelled in connection with the redemptions of 100,000 and 50,000 Common Units, respectively.
Do the Common Units of Intuitive Machines, LLC expire?
The filing states the Common Units do not expire. They may be redeemed for shares of the issuer’s Class A Common Stock on a one-to-one basis at the holder’s discretion, with an equal number of Class C shares cancelled upon each redemption.
AI-generated analysis. How Rhea-AI works. Not financial advice.
