Stephen J. Altemus - 18 Sep 2024 Form 4 Insider Report for Intuitive Machines, Inc. (LUNR)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Steven Vontur, Attorney-in-Fact
Issuer symbol
LUNR
Transactions as of
18 Sep 2024
Net transactions value
-$4,723,875
Form type
4
Filing time
20 Sep 2024, 16:19:49 UTC
Previous filing
16 Sep 2024
Next filing
13 Nov 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 +300,000 +33% 1,210,919 18 Sep 2024 Direct F1
transaction LUNR Class C Common Stock Disposed to Issuer -300,000 -2.1% 14,031,703 18 Sep 2024 Direct F1
transaction LUNR Class A Common Stock Sale $2,471,250 -300,000 -25% $8.24 910,919 18 Sep 2024 Direct F2, F3
transaction LUNR Class A Common Stock Options Exercise +250,000 +27% 1,160,919 19 Sep 2024 Direct F1
transaction LUNR Class C Common Stock Disposed to Issuer -250,000 -1.8% 13,781,703 19 Sep 2024 Direct F1
transaction LUNR Class A Common Stock Sale $2,252,625 -250,000 -22% $9.01 910,919 19 Sep 2024 Direct F2, F4

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 -300,000 -1.9% 15,792,213 18 Sep 2024 Class A Common Stock 300,000 Direct F1
transaction LUNR Common Units Options Exercise -250,000 -1.6% 15,542,213 19 Sep 2024 Class A Common Stock 250,000 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.39, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.00 to $9.0850, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.