Intuitive Machines insider entities sell 47,303 shares
Rhea-AI Filing Summary
Intuitive Machines, Inc. reports that entities associated with Kamal Ghaffarian converted 47,303 Common Units of Intuitive Machines, LLC into 47,303 shares of Class A Common Stock and sold those shares at a weighted average price of $13.2001 under a Rule 10b5-1 plan adopted by Ghaffarian Enterprises, LLC. The conversion also resulted in the cancellation of 47,303 shares of Class C Common Stock. After these transactions, GM Enterprises, LLC and Ghaffarian Enterprises, LLC together hold 34,629,897 Common Units and Class C shares and 3,494,768 Class A shares, while Dr. Ghaffarian also holds 153,526 Class A shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Ghaffarian Kamal Seyed, Ghaffarian Enterprises, LLC, GM Enterprises, LLC
Role
Director, 10% Owner | 10% Owner | 10% Owner
Sold
47,303 shs ($624K)
Approx. gross sale proceeds
$624K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Units F1, F2, F3 | 47,303 | -- | -- |
| Exercise | Class A Common Stock F1, F2, F3 | 47,303 | -- | -- |
| Disposition | Class C Common Stock F1, F2, F3 | 47,303 | -- | -- |
| Sale | Class A Common Stock F4, F5, F2, F3 | 47,303 | $13.2001 | $624K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Units — 34,629,897 contracts (Indirect, See footnotes);
Class C Common Stock — 34,629,897 shares (Indirect, See footnotes);
Class A Common Stock — 3,494,768 shares (Indirect, See footnotes);
Class A Common Stock — 153,526 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. 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 and (ii) (x) 32,388,776 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.
- F3. Kamal Ghaffarian is the sole managing member of GM Enterprises, 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.
- F4. The sales reported herein were effected pursuant to a Rule 10b5-1 plan adopted by Ghaffarian Enterprises, LLC on December 4, 2025.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.88 to $13.57, 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.
Key Figures
Shares sold: 47,303 shares of Class A Common Stock
Weighted average sale price: $13.2001 per share
Sale price range: $12.88–$13.57 per share
+5 more
8 metrics
Shares sold
47,303 shares of Class A Common Stock
Non-derivative sale on 2026-07-27 by affiliated entity
Weighted average sale price
$13.2001 per share
Weighted average price for 47,303 shares sold on 2026-07-27
Sale price range
$12.88–$13.57 per share
Range of individual trade prices for the 47,303 sold shares
Common Units converted
47,303 Common Units
Redeemed into 47,303 Class A shares on a one-to-one basis
Class C shares cancelled
47,303 shares of Class C Common Stock
Automatically cancelled upon redemption of 47,303 Common Units
Post-transaction Common Units and Class C
34,629,897 units/shares
Common Units and Class C shares held by GM Enterprises, LLC and Ghaffarian Enterprises, LLC after transactions
Post-transaction Class A via LLC
3,494,768 shares
Class A Common Stock held by Ghaffarian Enterprises, LLC after transactions
Direct Class A holdings
153,526 shares
Class A Common Stock held directly by Kamal Ghaffarian after reported transactions
Key Terms
Rule 10b5-1 plan, weighted average price, Common Units, Class C Common Stock, +1 more
5 terms
Rule 10b5-1 plan regulatory
"The sales reported herein were effected pursuant to a Rule 10b5-1 plan"
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.
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.
Common Units financial
"The Common Units of Intuitive Machines, LLC may be redeemed for shares"
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
"shares of Class C Common Stock equal to the number of Common Units"
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider stock sale did Intuitive Machines (LUNR) report on July 27, 2026?
Entities linked to Kamal Ghaffarian sold 47,303 shares of Intuitive Machines Class A Common Stock on July 27, 2026 at a weighted average price of $13.2001 per share, in multiple trades executed pursuant to a Rule 10b5-1 trading plan.
How many Intuitive Machines (LUNR) Common Units were converted in this Form 4 filing?
The filing shows a conversion of 47,303 Common Units of Intuitive Machines, LLC into 47,303 shares of Class A Common Stock on a one-to-one basis. In connection with this redemption, 47,303 shares of Class C Common Stock were automatically cancelled for no consideration.
What ongoing holdings do entities tied to Kamal Ghaffarian have in Intuitive Machines (LUNR)?
After the reported transactions, GM Enterprises, LLC holds 2,241,121 Common Units and Class C shares, and Ghaffarian Enterprises, LLC holds 32,388,776 Common Units and Class C shares plus 3,494,768 Class A shares, according to the ownership footnote in the filing.
Were the Intuitive Machines (LUNR) insider stock sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 plan adopted by Ghaffarian Enterprises, LLC on December 4, 2025, and the document-level Rule 10b5-1 checkbox is marked as affirming plan-based trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
