Crain Timothy Price II 4
Research Summary
AI-generated summary
Intuitive Machines (LUNR) SVP & CTO Timothy Crain Sells 23,226 Shares
What Happened
- Timothy Price Crain II, SVP & Chief Technology Officer of Intuitive Machines (LUNR), sold 23,226 shares on Feb 11, 2026. The shares were disposed at $17.44 each, generating proceeds of approximately $404,969. This was a sale (not a purchase) and appears to be a routine transaction to cover tax withholding tied to vested restricted stock units rather than a discretionary trade.
Key Details
- Transaction date: 2026-02-11; Price: $17.44 per share; Shares sold: 23,226; Total proceeds: ~$404,969.
- Filing date: 2026-02-13 (filed within the normal Form 4 reporting window).
- Shares owned after transaction: Not specified in the excerpt provided; consult the full Form 4 for post-transaction holdings.
- Footnote: The sale was executed to satisfy tax withholding obligations related to RSU vesting and "does not represent a discretionary transaction" by the reporting person.
Context
- Sales to cover tax withholding on vested awards are common and routinely disclosed as non-discretionary; they do not necessarily signal insider confidence or concern. This transaction was not described as part of a 10b5-1 plan in the provided excerpt.