Crain Timothy Price II 4

What Happened Timothy Price Crain II, Senior Vice President and Chief Technology Officer of Intuitive Machines (LUNR), exercised/converted 150,000 derivative units and disposed of 150,000 resulting shares on June 18, 2026. He sold those shares in the open market in two tranches—135,400 shares at a weighted average price of $21.81 (proceeds $2,953,724) and 14,600 shares at a weighted average price of $22.39 (proceeds $326,891)—for total proceeds of approximately $3,280,615. The filing shows both the exercise/conversion (derivative transaction) and the subsequent sales.

Key Details

• Transaction date: June 18, 2026; Form 4 filed June 22, 2026 (timely filing).
• Sales executed under a Rule 10b5-1 trading plan adopted September 16, 2025 (footnote F1).
• Shares sold: total 150,000 (135,400 at $21.81 weighted avg; 14,600 at $22.39 weighted avg).
• Total reported proceeds: ~$3,280,615.
• Price ranges: first tranche sold at individual prices between $21.235 and $22.23 (F3); second tranche between $22.24 and $22.75 (F4).
• Derivative/conversion note: The filing indicates conversion/exercise of 150,000 Common Units (or similar derivative) (F2); those Common Units may be redeemable for Class A shares on a one-for-one basis per the footnote.
• Shares owned after the transaction / beneficial ownership: not specified in the filing.

Context

• This sequence reflects an exercise/conversion of derivative units followed by immediate disposition (sale) of the resulting shares—commonly a cashless outcome where newly acquired shares are sold rather than held.
• Sales executed under a pre-established 10b5-1 plan are routine and indicate the trades were pre-authorized; they do not, by themselves, indicate current insider sentiment.
• Footnote F2 explains how Common Units convert/redeem into Class A common stock and that related Class C shares may be cancelled upon redemption.