Kamal Ghaffarian - Jun 5, 2025 Form 4 Insider Report for Intuitive Machines, Inc. (LUNR)

Signature
Kamal Ghaffarian, By: /s/ Anna Jones, Attorney-in-Fact
Stock symbol
LUNR
Transactions as of
Jun 5, 2025
Transactions value $
-$484,815
Form type
4
Date filed
6/9/2025, 04:31 PM
Previous filing
May 21, 2025
Next filing
Jul 15, 2025

Reporting Owners (4)

Name Relationship Address Signature Signature date CIK
Ghaffarian Kamal Seyed Director, 10%+ Owner 5937 SUNNYSLOPE DRIVE, NAPLES Kamal Ghaffarian, By: /s/ Anna Jones, Attorney-in-Fact 2025-06-09 0001963529
Ghaffarian Enterprises, LLC 10%+ Owner 801 THOMPSON AVENUE, ROCKVILLE Ghaffarian Enterprises, LLC, By: Kamal Ghaffarian, trustee of its sole member, By: /s/ Anna Jones, Attorney-in-Fact 2025-06-09 0001965259
GM Enterprises, LLC 10%+ Owner 801 THOMPSON AVENUE, ROCKVILLE GM Enterprises, LLC, By: Kamal Ghaffarian, trustee of its sole member, By: /s/ Anna Jones, Attorney-in-Fact 2025-06-09 0001965320
Intuitive Machines KG Parent, LLC 10%+ Owner 801 THOMPSON AVENUE, ROCKVILLE Intuitive Machines KG Parent, LLC, By: Kamal Ghaffarian, trustee of its sole member, By: /s/ Anna Jones, Attorney-in-Fact 2025-06-09 0001965283

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUNR Class A Common Stock Award $0 +23K +18.66% $0.00 146K Jun 5, 2025 Direct F1
transaction LUNR Class A Common Stock Options Exercise +40.3K +1.15% 3.54M Jun 6, 2025 See footnotes F2, F3, F4
transaction LUNR Class C Common Stock Disposed to Issuer -40.3K -0.11% 36.3M Jun 6, 2025 See footnotes F2, F3, F4
transaction LUNR Class A Common Stock Sale -$485K -40.3K -1.14% $12.04 3.49M Jun 6, 2025 See footnotes F3, F4, F5, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LUNR Common Units Options Exercise -40.3K -0.11% 36.3M Jun 6, 2025 Class A Common Stock 40.3K See footnotes F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
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.
F2 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.
F3 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) 33,764,307 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.
F4 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.
F5 The sales reported herein were effected pursuant to a Rule 10b5-1 plan adopted by Ghaffarian Enterprises, LLC on December 18, 2024.
F6 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 $12.1050, 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.