Was the Intuitive Machines (LUNR) CEO’s share sale a discretionary trade?

No. The footnote explicitly states the sale was made to cover tax withholding obligations related to restricted stock unit vesting. It further clarifies that the transaction does not represent a discretionary decision by the reporting person to buy or sell shares.

Intuitive Machines (LUNR) CEO sells shares to cover tax obligations

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Intuitive Machines CEO Stephen J. Altemus reported the sale of 13,751 shares of Class A Common Stock at $23.608 per share. According to the disclosure, these shares were sold solely to cover tax withholding obligations arising from the vesting of restricted stock units and are not a discretionary trade. After this tax-related sale, he continues to hold 1,162,495 shares directly.

Insider Trade Summary

Net Seller: 13,751 shares ($324,634)

Net Sell 1 txn

Insider Altemus Stephen J

Role Chief Executive Officer

Sold 13,751 shs ($325K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	13,751	$23.608	$325K

Holdings After Transaction: Class A Common Stock — 1,162,495 shares (Direct)

Footnotes (1)

[object Object]

Key Figures

Shares sold: 13,751 shares Sale price per share: $23.608 per share Shares held after transaction: 1,162,495 shares +2 more

5 metrics

Shares sold 13,751 shares Open-market sale on 2026-04-15

Sale price per share $23.608 per share Class A Common Stock sale

Shares held after transaction 1,162,495 shares Direct ownership following sale

Transaction purpose Tax withholding obligations Sale tied to RSU vesting

Security type Class A Common Stock Non-derivative security transacted

Key Terms

restricted stock units, tax withholding obligations, Class A Common Stock, open-market sale, +1 more

5 terms

restricted stock units financial

"in connection with the vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholding obligations financial

"shares sold by the Reporting Person to cover tax withholding obligations"

Class A Common Stock financial

"security_title": "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.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

non-derivative financial

"transaction_type": "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

04/16/2026 - 04:31 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Altemus Stephen J

(Last)

(First)

(Middle)

13467 COLUMBIA SHUTTLE STREET

(Street)

HOUSTON

TEXAS

77059

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Intuitive Machines, Inc. [ LUNR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/15/2026		S⁽¹⁾		13,751	D	$23.608	1,162,495	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sale reported herein represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. The sale does not represent a discretionary transaction by the Reporting Person.

Remarks:

	/s/ Steven Vontur, Attorney-in-Fact	04/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Intuitive Machines (LUNR) CEO Stephen Altemus report in this Form 4?

He reported selling 13,751 shares of Intuitive Machines Class A Common Stock at $23.608 per share. The filing states the sale was to satisfy tax withholding obligations from restricted stock unit vesting, not a discretionary stock trade.

Why did the Intuitive Machines (LUNR) CEO sell 13,751 shares?

The shares were sold to cover tax withholding obligations tied to vesting restricted stock units. The footnote explains this was a tax-related transaction, meaning it was driven by payroll tax requirements rather than an elective decision to reduce his ownership stake.

How many Intuitive Machines (LUNR) shares does the CEO hold after this transaction?

Following the reported sale, Stephen Altemus directly holds 1,162,495 shares of Intuitive Machines Class A Common Stock. This figure comes from the post-transaction ownership line, showing his continuing equity position after covering the tax withholding obligations.

What type of security did the Intuitive Machines (LUNR) Form 4 transaction involve?

The transaction involved Intuitive Machines Class A Common Stock. These shares were sold in the open market at a reported price of $23.608 per share, specifically to meet tax withholding requirements associated with the vesting of restricted stock units.