Intuitive Machines director granted 5,948 RSUs
Intuitive Machines director Michael Blitzer received an equity award of 5,948 restricted stock units (RSUs) of Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Intuitive Machines director Michael Blitzer received an equity award of 5,948 restricted stock units (RSUs) of Class A Common Stock. The award was granted at no cash cost per unit and increases his direct holdings to 1,937,196 shares after the transaction.
The RSUs will vest in full on the earlier of the first anniversary of the grant date or the next annual meeting after the grant date. Blitzer has elected to defer receipt of these RSUs until his retirement from the company’s Board of Directors, making this a compensation-related, non-cash acquisition rather than a market purchase.
Insider Trade Summary
Grant/Award: 5,948 shares
Grant/Award
1 txn
Insider
BLITZER MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,948 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 1,937,196 shares (Direct)
Footnotes (1)
- F1. Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Class A Common Stock. The RSUs will vest in full on the earlier to occur of the first anniversary of the grant date and the date of the next annual meeting following the grant date. The RSUs do not expire. The reporting person elected to defer receipt of these RSUs until his retirement from the Company's Board of Directors.
Key Figures
RSUs granted: 5,948 units
Grant price per share: 0.0000
Shares held after transaction: 1,937,196 shares
+1 more
4 metrics
RSUs granted
5,948 units
Award of restricted stock units to director
Grant price per share
0.0000
Reported transaction price for RSU grant
Shares held after transaction
1,937,196 shares
Total Class A Common Stock directly held after award
Vesting trigger
Earlier of first anniversary or next annual meeting
RSU vesting condition
Key Terms
restricted stock units ("RSUs"), Class A Common Stock, annual meeting, Board of Directors
4 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Class A Common Stock financial
"each of which represents a contingent right to receive one share of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
annual meeting financial
"will vest in full on the earlier to occur of the first anniversary of the grant date and the date of the next annual meeting"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
Board of Directors financial
"until his retirement from the Company's Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Intuitive Machines (LUNR) report for Michael Blitzer?
Intuitive Machines reported that director Michael Blitzer received 5,948 RSUs of Class A Common Stock. These equity awards are compensation-related, involve no cash purchase, and increase his direct holdings to 1,937,196 shares following the transaction.
Are the 5,948 RSUs granted to LUNR director Michael Blitzer immediately vested?
No, the 5,948 RSUs are not immediately vested. They will vest in full on the earlier of the first anniversary of the grant date or the next annual meeting after the grant date, according to the grant’s vesting conditions.
Did Michael Blitzer pay cash to acquire the 5,948 Intuitive Machines RSUs?
No, the 5,948 RSUs were granted at a reported price of 0.0000 per share. This indicates they are a stock-based compensation award rather than an open-market purchase involving cash consideration from the director.
When will Michael Blitzer receive the Intuitive Machines RSUs granted in this filing?
Michael Blitzer elected to defer receipt of the granted RSUs until his retirement from the Intuitive Machines Board. Although the RSUs vest earlier, actual share delivery will occur only upon his Board retirement under his deferral election.
What does transaction code "A" mean in Michael Blitzer’s Intuitive Machines Form 4?
Transaction code "A" on Michael Blitzer’s Form 4 indicates a grant, award, or other acquisition. In this case, it reflects a compensation-related grant of 5,948 restricted stock units rather than an open-market purchase of Intuitive Machines shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
