Director Kamal Ghaffarian and his associated entities recently conducted significant transactions involving Intuitive Machines, Inc. (NASDAQ: LUNR). Specifically, Mr. Ghaffarian reported the sale of 141,909 shares of Class A Common Stock, totaling approximately $5,536,840.
These sales were executed on June 1, 2026, by Ghaffarian Enterprises, LLC. The selling prices for these shares ranged between $38.5046 and $43.032 per share. It is noted that this transaction was not discretionary; rather, it followed a Rule 10b5-1 trading plan that Ghaffarian Enterprises, LLC had adopted previously on December 4, 2025.
In addition to the stock sales, the reported activity included a unit conversion. On the same date (June 1, 2026), both Ghaffarian Enterprises, LLC and GM Enterprises, LLC converted 141,909 Common Units into an equal number of Intuitive Machines Class A Common Stock shares. Concurrently, another 141,909 shares of Class C Common Stock were automatically canceled without any consideration.
Current Holdings and Ownership Structure
Kamal Ghaffarian's indirect holdings are structured through his associated entities. Mr. Ghaffarian is the sole managing member of GM Enterprises, LLC and also serves as the sole trustee of a revocable trust that constitutes the sole member of Ghaffarian Enterprises, LLC. Following these recent transactions, the reported indirect holdings include:
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Risks
- Intuitive Machines was excluded from a lunar terrain rover contract awarded by NASA to Astrolab and Lunar Outpost.
- The stock experienced a significant decline following the announcement of being excluded from the NASA contract deal.
- The market volatility surrounding space stocks is heightened due to broader sector speculation, such as SpaceX's IPO filing.
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