Ghaffarian Enterprises, LLC 4

What Happened

• Kamal Seyed Ghaffarian, a director and reported 10% owner of Intuitive Machines (LUNR), was granted 7,434 restricted stock units (RSUs) on 2026-06-04. The grant is reported as an Award/Grant (code A) at $0.00 per unit (no immediate cash value).
• The RSUs represent contingent rights to one share of Class A common stock each. The reporting person elected to defer receipt of the underlying shares until his retirement from the Company’s Board.

Key Details

• Transaction date: 2026-06-04; filing date: 2026-06-08 (timely — two business days after transaction).
• Grant: 7,434 RSUs; grant price reported $0.00; total immediate value reported $0.
• Vesting: RSUs vest in full on the earlier of the first anniversary of the grant date or the next annual meeting following the grant date; RSUs do not expire. Reporting person has elected to defer receipt until retirement (per footnote).
• Ownership structure: Securities are held of record by Ghaffarian Enterprises, LLC; Dr. Ghaffarian is sole trustee of a revocable trust that is the sole member of that LLC and may be deemed to share beneficial ownership (footnotes F2–F3).
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• RSU grants are awards, not open-market purchases or sales; they convey a future right to shares subject to vesting and any deferral elections. For retail investors, such awards indicate compensation or retention activity rather than an immediate personal cash investment or divestment by the insider.