4//SEC Filing
Ghaffarian Enterprises, LLC 4
Accession 0001213900-25-069299
CIK 0001844452other
Filed
Jul 29, 8:00 PM ET
Accepted
Jul 30, 4:30 PM ET
Size
18.5 KB
Accession
0001213900-25-069299
Insider Transaction Report
Form 4
Ghaffarian Kamal Seyed
Director10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2025-07-28+40,254→ 3,535,022 total(indirect: See footnotes) - Sale
Class A Common Stock
2025-07-28$13.49/sh−40,254$542,970→ 3,494,768 total(indirect: See footnotes) - Exercise/Conversion
Common Units
2025-07-28−40,254→ 36,093,492 total(indirect: See footnotes)→ Class A Common Stock (40,254 underlying) - Disposition to Issuer
Class C Common Stock
2025-07-28−40,254→ 36,093,492 total(indirect: See footnotes)
Holdings
- 146,092
Class A Common Stock
Intuitive Machines KG Parent, LLC
10% Owner
Transactions
- Exercise/Conversion
Common Units
2025-07-28−40,254→ 36,093,492 total(indirect: See footnotes)→ Class A Common Stock (40,254 underlying) - Disposition to Issuer
Class C Common Stock
2025-07-28−40,254→ 36,093,492 total(indirect: See footnotes) - Exercise/Conversion
Class A Common Stock
2025-07-28+40,254→ 3,535,022 total(indirect: See footnotes) - Sale
Class A Common Stock
2025-07-28$13.49/sh−40,254$542,970→ 3,494,768 total(indirect: See footnotes)
Holdings
- 146,092
Class A Common Stock
GM Enterprises, LLC
10% Owner
Transactions
- Disposition to Issuer
Class C Common Stock
2025-07-28−40,254→ 36,093,492 total(indirect: See footnotes) - Exercise/Conversion
Class A Common Stock
2025-07-28+40,254→ 3,535,022 total(indirect: See footnotes) - Sale
Class A Common Stock
2025-07-28$13.49/sh−40,254$542,970→ 3,494,768 total(indirect: See footnotes) - Exercise/Conversion
Common Units
2025-07-28−40,254→ 36,093,492 total(indirect: See footnotes)→ Class A Common Stock (40,254 underlying)
Holdings
- 146,092
Class A Common Stock
Ghaffarian Enterprises, LLC
10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2025-07-28+40,254→ 3,535,022 total(indirect: See footnotes) - Disposition to Issuer
Class C Common Stock
2025-07-28−40,254→ 36,093,492 total(indirect: See footnotes) - Exercise/Conversion
Common Units
2025-07-28−40,254→ 36,093,492 total(indirect: See footnotes)→ Class A Common Stock (40,254 underlying) - Sale
Class A Common Stock
2025-07-28$13.49/sh−40,254$542,970→ 3,494,768 total(indirect: See footnotes)
Holdings
- 146,092
Class A Common Stock
Footnotes (5)
- [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]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) (x) 33,603,291 Common Units and shares of Class C Common Stock and (y) 3,494,768 shares of Class A Common Stock held of record by Ghaffarian Enterprises, LLC.
- [F3]Kamal Ghaffarian is the sole managing member of GM Enterprises, LLC and Intuitive Machines KG Parent, LLC, and is the sole trustee of a revocable trust that is the sole member of Ghaffarian Enterprises, 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.
- [F4]The sales reported herein were effected pursuant to a Rule 10b5-1 plan adopted by Ghaffarian Enterprises, LLC on December 18, 2024.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.185 to $13.67, inclusive. The reporting persons undertake 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.
Documents
Issuer
Intuitive Machines, Inc.
CIK 0001844452
Entity typeother
IncorporatedMD
Related Parties
1- filerCIK 0001965259
Filing Metadata
- Form type
- 4
- Filed
- Jul 29, 8:00 PM ET
- Accepted
- Jul 30, 4:30 PM ET
- Size
- 18.5 KB