Broker-dealers report 5.3% Intuitive Machines (LUNR) stake in 13G filing

Rhea-AI Filing Summary

Intuitive Machines, Inc. had a Schedule 13G filed showing that G1 Execution Services, LLC, SIG Brokerage, LP, and Susquehanna Securities, LLC collectively report beneficial ownership of 6,353,748 shares of Class A common stock, or 5.3% of the company, as of 12/31/2025.

The stake includes options: SIG Brokerage, LP reports options to buy 15,000 shares, and Susquehanna Securities, LLC reports options to buy 5,099,900 shares. A company filing cited in the document states there were 119,319,784 Class A shares outstanding as of November 10, 2025.

The reporting persons are affiliated independent broker-dealers that may be deemed a group. They state the shares were acquired and are held in the ordinary course of business and not for the purpose, or with the effect, of changing or influencing control of Intuitive Machines.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Intuitive Machines, Inc.

(Name of Issuer)

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

46125A100

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 46125A100

1

Names of Reporting Persons

G1 Execution Services, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 464.00
6	Shared Voting Power 6,353,748.00
7	Sole Dispositive Power 464.00
8	Shared Dispositive Power 6,353,748.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,353,748.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

BD, OO

Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP and Susquehanna Securities, LLC are affiliated independent broker-dealers, which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.

SCHEDULE 13G

CUSIP No. 46125A100

1

Names of Reporting Persons

SIG Brokerage, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 15,000.00
6	Shared Voting Power 6,353,748.00
7	Sole Dispositive Power 15,000.00
8	Shared Dispositive Power 6,353,748.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,353,748.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

BD, PN

Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP and Susquehanna Securities, LLC are affiliated independent broker-dealers, which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.

SCHEDULE 13G

CUSIP No. 46125A100

1

Names of Reporting Persons

Susquehanna Securities, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,338,284.00
6	Shared Voting Power 6,353,748.00
7	Sole Dispositive Power 6,338,284.00
8	Shared Dispositive Power 6,353,748.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,353,748.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

BD, OO

Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP and Susquehanna Securities, LLC are affiliated independent broker-dealers, which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Intuitive Machines, Inc.
(b)	Address of issuer's principal executive offices: 13467 Columbia Shuttle Street, Houston, Texas 77059
Item 2.
(a)	Name of person filing: This statement is filed by the entities listed below, who are collectively referred to herein as "Reporting Persons" with respect to the shares of Class A Common Stock, $0.0001 per share par value (the "Shares"), of Intuitive Machines, Inc. (the "Company"). (i) G1 Execution Services, LLC (ii) SIG Brokerage, LP (iii) Susquehanna Securities, LLC
(b)	Address or principal business office or, if none, residence: The address of the principal business office of G1 Execution Services, LLC is: 175 W. Jackson Blvd. Suite 1700 Chicago, IL 60604 The address of the principal business office of each of SIG Brokerage, LP and Susquehanna Securities, LLC is: 401 E. City Avenue Suite 220 Bala Cynwyd, PA 19004
(c)	Citizenship: Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(d)	Title of class of securities: Class A Common Stock, $0.0001 par value per share
(e)	CUSIP No.: 46125A100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by this Item 4(a) is set forth in Row 9 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The number of Shares reported as beneficially owned by SIG Brokerage, LP consists of options to buy 15,000 Shares. The number of Shares reported as beneficially owned by Susquehanna Securities, LLC includes options to buy 5,099,900 Shares. The Company's Quarterly Report on Form 10-Q, filed on November 13, 2025, indicates there were 119,319,784 Shares outstanding as of November 10, 2025.
(b)	Percent of class: 5.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by this Item 4(c)(i) is set forth in Row 5 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
	(ii) Shared power to vote or to direct the vote: The information required by this Item 4(c)(ii) is set forth in Row 6 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: The information required by this Item 4(c)(iii) is set forth in Row 7 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: The information required by this Item 4(c)(iv) is set forth in Row 8 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

G1 Execution Services, LLC

Signature:	/s/ Brian Sopinsky
Name/Title:	Brian Sopinsky, Secretary
Date:	02/12/2026

SIG Brokerage, LP

Signature:	/s/ Brian Sopinsky
Name/Title:	Brian Sopinsky, Assistant Secretary
Date:	02/12/2026

Susquehanna Securities, LLC

Signature:	/s/ Brian Sopinsky
Name/Title:	Brian Sopinsky, Secretary
Date:	02/12/2026

Exhibit Information

EXHIBIT INDEX EXHIBIT DESCRIPTION ________ ________ 99 Joint Filing Agreement

FAQ

What ownership stake in Intuitive Machines (LUNR) is reported in this Schedule 13G?

The filing reports that affiliated broker-dealers beneficially own 6,353,748 shares of Intuitive Machines Class A common stock, representing 5.3% of the outstanding class. This crosses the 5% disclosure threshold, requiring a Schedule 13G ownership report under SEC rules.

Who are the reporting persons in the Intuitive Machines (LUNR) Schedule 13G?

The Schedule 13G is filed jointly by G1 Execution Services, LLC, SIG Brokerage, LP, and Susquehanna Securities, LLC. These entities are described as affiliated independent broker-dealers that may be deemed a group for reporting purposes, each with its own sole and shared voting and dispositive powers.

How many Intuitive Machines (LUNR) shares does each reporting person control?

G1 Execution Services, LLC reports sole power over 464 shares. SIG Brokerage, LP reports options to buy 15,000 shares. Susquehanna Securities, LLC reports sole power over 6,338,284 shares. Each also reports shared voting and dispositive power over 6,353,748 shares as a group figure.

Are derivatives or options included in the reported Intuitive Machines (LUNR) stake?

Yes. The filing states SIG Brokerage, LP’s beneficial ownership consists of options to buy 15,000 shares, while Susquehanna Securities, LLC’s beneficial ownership includes options to buy 5,099,900 shares. These option positions are included in the total 6,353,748 shares reported as beneficially owned.

What percentage of Intuitive Machines (LUNR) does 6,353,748 shares represent?

The Schedule 13G states the reporting persons beneficially own 5.3% of the Class A common stock. This percentage is based on 119,319,784 shares outstanding as of November 10, 2025, as disclosed in Intuitive Machines’ Quarterly Report on Form 10-Q referenced in the filing.

Is the Intuitive Machines (LUNR) 13G stake intended to influence control of the company?

The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose, or with the effect, of changing or influencing control of Intuitive Machines. It also notes they are not held in connection with any transaction having that purpose or effect.

When was the Intuitive Machines (LUNR) ownership event triggering this 13G dated?

The Schedule 13G identifies December 31, 2025 as the date of the event requiring the filing. The certification and signatures by Brian Sopinsky, in secretary and assistant secretary capacities, are dated February 12, 2026, documenting the timing of the ownership report submission.