[Form 4] Intuitive Machines, Inc. Warrants Insider Trading Activity
Insider Trade Summary
Exercise and Sale: 40,254 shares ($484K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Ghaffarian Kamal Seyed, Ghaffarian Enterprises, LLC, GM Enterprises, LLC, Intuitive Machines KG Parent, LLC
Role
Director, 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold
40,254 shs ($484K)
Approx. gross sale proceeds
$484K
Approx. exercise cost
$0.00
Approx. pre-tax spread
$484K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Units | 40,254 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 40,254 | $0.00 | $0.00 |
| Disposition | Class C Common Stock | 40,254 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 40,254 | $12.0205 | $484K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Units — 36,133,746 contracts (Indirect, See footnotes);
Class C Common Stock — 36,133,746 shares (Indirect, See footnotes);
Class A Common Stock — 3,494,768 shares (Indirect, See footnotes);
Class A Common Stock — 146,092 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, (ii) 249,080 Common Units and shares of Class C Common Stock held of record by Intuitive Machines KG Parent, LLC and (iii) (x) 33,643,545 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 Intuitive Machines KG Parent, 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 18, 2024.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.09, 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
