Controlling Shareholder Discloses $20.6M in Pre-Planned Stock Sales
LUNR has more than doubled off its 52-week low of $7.78.
Summary
A controlling shareholder of Intuitive Machines disclosed the sale of $20.6 million in company stock through pre-planned transactions, contributing to ongoing insider selling.
Key Events · Ownership and Investor Activity · LUNR
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Significant Share Sales Reported
Kamal Seyed Ghaffarian, a controlling shareholder, reported the sale of 709,545 shares of Class A Common Stock, totaling approximately $20.6 million, through Ghaffarian Enterprises, LLC.
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Sales Under 10b5-1 Plan
The transactions were executed in open market sales between May 4, 2026, and June 29, 2026, under a pre-planned Rule 10b5-1 trading plan established on December 4, 2025.
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Ongoing Insider Distribution
These sales contribute to a net insider distribution of over $32 million in the last 90 days, indicating a trend of significant share divestment by company insiders.
Analysis · LUNR · Manufacturing
Kamal Seyed Ghaffarian, a controlling shareholder and founder, reported the sale of approximately $20.6 million worth of Class A Common Stock through entities he controls. These sales, executed under a Rule 10b5-1 trading plan, contribute to a broader pattern of insider distribution, as indicated by recent filings. While pre-planned, the significant value of shares sold by a major owner can create an overhang on the stock.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LUNR was trading at $20.40 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $7.78 to $46.75. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.