Stephen J. Altemus - 30 Aug 2024 Form 4 Insider Report for Intuitive Machines, Inc. (LUNR)

Signature
/s/ Steven Vontur, Attorney-in-Fact
Issuer symbol
LUNR
Transactions as of
30 Aug 2024
Net transactions value
-$1,284
Form type
4
Filing time
04 Sep 2024, 19:17:36 UTC
Previous filing
22 Aug 2024
Next filing
16 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUNR Class A Common Stock Options Exercise +214 +0.02% 911,133 30 Aug 2024 Direct F1
transaction LUNR Class C Common Stock Disposed to Issuer -214 -0% 15,078,447 30 Aug 2024 Direct F1
transaction LUNR Class A Common Stock Sale $1,284 -214 -0.02% $6.00 910,919 30 Aug 2024 Direct F2

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 -214 -0% 16,838,957 30 Aug 2024 Class A Common Stock 214 Direct F1
* 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 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 The sales reported herein were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 22, 2024.