Ghaffarian Enterprises, LLC 4
4 · Intuitive Machines, Inc. · Filed Apr 2, 2025
Insider Transaction Report
Form 4
Ghaffarian Kamal Seyed
Director10% Owner
Transactions
- Other
Class C Common Stock
2025-03-31−1,292,729→ 36,496,032 total(indirect: See footnotes) - Other
Common Units
2025-03-31−1,292,729→ 36,496,032 total(indirect: See footnotes)→ Class A Common Stock (1,292,729 underlying)
Footnotes (6)
- [F1]Represents shares of Class C Common Stock disposed at par value in connection with disposition of Common Units. The disposition was a distribution pursuant to pre-existing arrangements under a management equity plan for employees of IBX, LLC, a company wholly-owned by Dr. Ghaffarian, that serves as the innovation and investment firm for his businesses.
- [F2]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.
- [F3]Following the transactions reported herein, represents (i) 2,241,121 Common Units and shares of Class C Common Stock held of record by GM Enterprises, LLC, (ii) 249,080 Common Units and shares of Class C Common Stock held of record by Intuitive Machines KG Parent, LLC and (iii) 34,005,831 Common Units and shares of Class C Common Stock held of record by Ghaffarian Enterprises, LLC.
- [F4]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.
- [F5]The Common Units may be redeemed for shares of Class A Common Stock on a one-to-one basis at the discretion of the holder. The Common Units do not expire.
- [F6]Reflects a transfer of Common Units by Intuitive Machines KG Parent, LLC to an entity indirectly controlled by Dr. Ghaffarian.