Intuitive Machines (LUNR) 10% Owner Advent Sells 11.5M Shares

What Happened
Advent International, L.P. (reported as a 10% owner) sold 11,495,514 shares of Intuitive Machines (LUNR) on July 28, 2026, at $12.84 per share, generating proceeds of approximately $147,602,400. The filing lists the transaction as an open market or private sale (code S).

Key Details

• Transaction date: 2026-07-28; per-share price: $12.84; total proceeds: $147,602,400.
• Filing date: 2026-07-29 (filed the next day; appears timely under Form 4 rules).
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnote: securities are directly held by Galileo TopCo, Inc. after a distribution; Advent-affiliated funds indirectly hold 78% of Galileo and may be deemed to beneficially own these shares but disclaim such ownership except to the extent of any pecuniary interest.
• Transaction type: Sale by an institutional/10% owner (not an executive insider).

Context
This is an institutional sale by a large holder (Advent) rather than an executive-level trade. Such dispositions can reflect portfolio or fund-level decisions rather than a company insider signal; the filing’s footnote indicates complex ownership through Galileo TopCo and a disclaimer of beneficial ownership except for any pecuniary interest. No indications of option exercises, awards, gifts, or 10b5-1 plans were reported in the provided excerpt.