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

Signature
/s/ Steven Vontur, Attorney-in-Fact
Stock symbol
LUNR
Transactions as of
Aug 30, 2024
Transactions value $
-$1,284
Form type
4
Date filed
9/4/2024, 07:17 PM
Previous filing
Aug 22, 2024
Next filing
Sep 16, 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% 911K Aug 30, 2024 Direct F1
transaction LUNR Class C Common Stock Disposed to Issuer -214 0% 15.1M Aug 30, 2024 Direct F1
transaction LUNR Class A Common Stock Sale -$1.28K -214 -0.02% $6.00 911K Aug 30, 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% 16.8M Aug 30, 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.