Ghaffarian details 19.7% Intuitive Machines (LUNR) stake and recent sales
Rhea-AI Filing Summary
Kamal Seyed Ghaffarian filed Amendment No. 11 to his Schedule 13D for Intuitive Machines, Inc., updating his beneficial ownership of the company’s Class A Common Stock. He is reported to beneficially own 38,429,036 shares, representing 19.7% of the Class A Common Stock, based on 160,452,309 shares outstanding as of May 7, 2026.
Through Ghaffarian Enterprises, LLC, he beneficially owns 36,041,823 shares, or 18.7% of the class, and through GM Enterprises, LLC he beneficially owns 2,241,121 shares, or 1.4%. The position reflects 34,788,176 Common Units redeemable one-for-one into Class A shares, plus 3,494,768 Class A shares held by Ghaffarian Enterprises and 146,092 shares held directly by Dr. Ghaffarian.
The filing also notes that in the last 60 days, Ghaffarian Enterprises, LLC sold an aggregate of 709,545 shares of Class A Common Stock in open-market transactions on the Nasdaq Stock Market under a Rule 10b5-1 trading plan adopted on December 4, 2025.
Positive
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Key Figures
Beneficial ownership (Dr. Ghaffarian): 38,429,036 shares (19.7%)
Beneficial ownership (Ghaffarian Enterprises, LLC): 36,041,823 shares (18.7%)
Beneficial ownership (GM Enterprises, LLC): 2,241,121 shares (1.4%)
+4 more
7 metrics
Beneficial ownership (Dr. Ghaffarian)
38,429,036 shares (19.7%)
Class A Common Stock based on 160,452,309 shares outstanding as of May 7, 2026
Beneficial ownership (Ghaffarian Enterprises, LLC)
36,041,823 shares (18.7%)
Class A Common Stock percentage of class
Beneficial ownership (GM Enterprises, LLC)
2,241,121 shares (1.4%)
Class A Common Stock percentage of class
Shares outstanding
160,452,309 shares
Class A Common Stock outstanding as of May 7, 2026
Common Units redeemable
34,788,176 units
Common Units redeemable one-for-one into Class A Common Stock
Recent shares sold
709,545 shares
Aggregate Class A shares sold in last 60 days by Ghaffarian Enterprises under Rule 10b5-1 plan
Direct holdings by Dr. Ghaffarian
146,092 shares
Class A Common Stock held directly
Key Terms
beneficial ownership, Schedule 13D, Class A Common Stock, Rule 10b5-1 trading plan, +2 more
6 terms
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.
Schedule 13D regulatory
"filed a statement on Schedule 13D to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Class A Common Stock financial
"relating to the Class A common stock, par value $0.0001 per share"
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.
Rule 10b5-1 trading plan regulatory
"pursuant to the Rule 10b5-1 trading plan adopted on December 4, 2025"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
dispositive power financial
"Sole Dispositive Power: 146,092 Shared Dispositive Power: 38,282,944"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Common Units financial
"34,788,176 Common Units, which may be redeemed for shares of Class A Common Stock"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Intuitive Machines (LUNR) does Kamal Seyed Ghaffarian report owning?
Kamal Seyed Ghaffarian reports beneficial ownership of 38,429,036 Intuitive Machines Class A shares, representing 19.7% of the class. This percentage is based on 160,452,309 shares outstanding as of May 7, 2026, disclosed in the company’s Form 10-Q.
How much of Intuitive Machines (LUNR) is held through Ghaffarian Enterprises, LLC?
Ghaffarian Enterprises, LLC beneficially owns 36,041,823 Intuitive Machines Class A shares, equal to 18.7% of the class. Its holdings include both Class A shares and Common Units redeemable one-for-one into Class A Common Stock under the company’s structure.
What stake in Intuitive Machines (LUNR) is held by GM Enterprises, LLC?
GM Enterprises, LLC beneficially owns 2,241,121 Intuitive Machines Class A shares, representing 1.4% of the class. These holdings consist of Common Units that may be redeemed on a one-to-one basis for shares of Class A Common Stock according to the filing.
How are Dr. Ghaffarian’s Intuitive Machines (LUNR) holdings structured between entities and direct ownership?
The securities include 34,788,176 Common Units redeemable into Class A shares, plus 3,494,768 Class A shares held by Ghaffarian Enterprises and 146,092 Class A shares held directly by Dr. Ghaffarian. He may be deemed to share beneficial ownership but disclaims beneficial ownership.