Kamal Ghaffarian - Jan 29, 2024 Form 4 Insider Report for Intuitive Machines, Inc. (LUNR)

Role
Director, 10%+ Owner
Signature
Kamal Ghaffarian, By: /s/ Steven Vontur, Attorney-in-Fact
Stock symbol
LUNR
Transactions as of
Jan 29, 2024
Transactions value $
$0
Form type
4
Date filed
1/31/2024, 04:05 PM
Previous filing
Nov 17, 2023
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUNR Class A Common Stock Award +3.49M +5421.09% 3.55M Jan 29, 2024 See footnotes F1, F2, F3
holding LUNR Class A Common Stock 67.4K Jan 29, 2024 Direct

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 Series A Warrant Award +4.15M 4.15M Jan 29, 2024 See Footnote 4.15M $2.57 See footnotes F1, F2, F3
transaction LUNR Series B Warrant Award +4.15M 4.15M Jan 29, 2024 See Footnote 4.15M $2.57 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 29, 2024, Ghaffarian Enterprises, LLC contributed $10.0 million to the Issuer for the purposes of satisfying certain repayment obligations of the Issuer and Intuitive Machines, LLC, and in exchange the Issuer issued the Class A Common Stock and Series A and Series B warrants reported herein to Ghaffarian Enterprises, LLC. The warrants are exercisable for, at the holder's election, (i) shares of Class A Common Stock, (ii) shares Class C Common Stock and an equal number of Common Units of Intuitive Machines, LLC, or (iii) a combination of Class A shares and Class C shares and Common Units. The warrants are immediately exercisable.
F2 The securities reported herein as indirectly owned are held by Ghaffarian Enterprises, LLC.
F3 Kamal Ghaffarian is the sole trustee of a revocable trust, which is the sole member of each of Ghaffarian Enterprises, LLC, GM Enterprises, LLC and Intuitive Machines KG Parent, 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.