Kamal Seyed Ghaffarian - 10 Jun 2024 Form 4 Insider Report for Intuitive Machines, Inc. (LUNR)

Role: Director, 10%+ Owner
Signature: Kamal Ghaffarian, By: /s/ Anna Jones, Attorney-in-Fact
Issuer symbol: LUNR
Transactions as of: 10 Jun 2024
Net transactions value: -$19,200,000
Form type: 4
Filing time: 12 Jun 2024, 16:30:10 UTC
Previous filing: 10 Jun 2024
Next filing: 22 Aug 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	Options Exercise		+4,800,000	+135%		8,351,606	10 Jun 2024	See footnotes	F1, F2, F3
transaction	LUNR	Class C Common Stock	Disposed to Issuer		-4,800,000	-11%		39,025,852	10 Jun 2024	See footnotes	F1, F2, F3
transaction	LUNR	Class A Common Stock	Sale	$19,200,000	-4,800,000	-57%	$4.00	3,551,606	10 Jun 2024	See footnotes	F2, F3
holding	LUNR	Class A Common Stock						123,114	10 Jun 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	Common Units	Options Exercise		-4,800,000	-11%		39,025,852	10 Jun 2024	Class A Common Stock	4,800,000		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	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) 2,026,015 Common Units and shares of Class C Common Stock held of record by GM Enterprises, LLC, (ii) 1,393,824 Common Units and shares of Class C Common Stock held of record by Intuitive Machines KG Parent, LLC and (iii) (x) 35,606,013 Common Units and shares of Class C Common Stock and (y) 3,551,606 shares of Class A Common Stock held of record 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.