Kamal Seyed Ghaffarian - 15 Nov 2023 Form 4 Insider Report for Intuitive Machines, Inc. (LUNR)

Role
Executive Chairman, Director, 10%+ Owner
Signature
Kamal Ghaffarian, By: /s/ Steven Vontur, Attorney-in-Fact
Issuer symbol
LUNR
Transactions as of
15 Nov 2023
Net transactions value
$0
Form type
4
Filing time
17 Nov 2023, 17:44:03 UTC
Previous filing
07 Sep 2023
Next filing
31 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUNR Class A Common Stock Award $0 +67,434 $0.000000 67,434 15 Nov 2023 Direct F1
holding LUNR Class A Common Stock 64,328 15 Nov 2023 See footnotes F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.
F2 The Form 4 filed by the reporting person on September 7, 2023 inadvertently overstated the number of shares of Class A Common Stock indirectly owned by the reporting person. Such amount has been corrected in this filing.
F3 Represents shares of Class A Common Stock held of record by Ghaffarian Enterprises, LLC ("GE LLC"). Kamal Ghaffarian is the sole trustee of a revocable trust, which is the sole member of GE LLC. As a result, Dr. Ghaffarian may be deemed to share beneficial ownership of the securities held by GE LLC, but disclaims beneficial ownership except to the extent of his pecuniary interest therein.