Crain Timothy Price II 4
Research Summary
AI-generated summary
Intuitive Machines (LUNR) 10% Owner Timothy Crain Receives RSU Award
What Happened
Crain Timothy Price II, listed as a 10% owner of Intuitive Machines, was granted 84,517 restricted stock units (RSUs) on February 5, 2026. The award is reported at $0.00 per share (no cash paid at grant). Each RSU represents a contingent right to receive one share of Class A common stock when vested.
Key Details
- Transaction type/code: Award (A) — grant of RSUs.
- Transaction date: 2026-02-05. Filed with the SEC: 2026-02-09 (within the standard two-business-day Form 4 filing window).
- Shares/Rights granted: 84,517 RSUs; reported acquisition price $0.00 (no immediate cash value recorded on the Form 4).
- Shares owned after transaction: Not specified in the filing.
- Footnote: RSUs vest in four equal annual installments beginning February 5, 2027; the RSUs do not expire. Each RSU converts to one share upon vesting.
Context
This is a grant of restricted stock units (a compensatory award), not an open-market purchase or sale. RSU grants provide future share delivery if vesting conditions are met and do not necessarily reflect an immediate buy or sell decision. As a 10% owner, Crain’s filing reflects an ownership-level award rather than routine executive trading.