Director and 10% Owner Sells $6.9M in Pre-Planned Stock Sale
LUNR has more than doubled off its 52-week low of $7.78.
Summary
A Director and 10% owner of Intuitive Machines sold $6.9 million worth of Class A Common Stock through a pre-planned trading arrangement.
Key Events · Ownership and Investor Activity · LUNR
-
Significant Insider Sale
Kamal Ghaffarian, a Director and 10% owner, sold Class A Common Stock valued at $6,959,762 on June 15, 2026.
-
Pre-Planned Transaction
The sale was executed under a Rule 10b5-1 trading plan adopted on December 4, 2025, indicating it was pre-scheduled.
-
Part of Broader Insider Distribution
This transaction contributes to a net insider selling trend of over $30 million in open-market sales over the last 90 days.
-
Follows Recent Capital Activity
The sale occurs amidst recent company announcements including strategic acquisitions and a $500 million At-The-Market equity offering.
Analysis · LUNR · Manufacturing
Kamal Ghaffarian, a Director and 10% owner, executed a significant sale of Class A Common Stock totaling $6.9 million. While this transaction was pre-planned under a Rule 10b5-1 plan, the substantial dollar value of the sale by a key insider contributes to the ongoing trend of insider distribution, as evidenced by over $30 million in net insider sales over the past 90 days. This sale follows recent news of the company's strategic acquisitions and a $500 million ATM offering, indicating a period of significant capital activity and insider adjustments.
At the time of this filing, LUNR was trading at $22.89 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $4.9B. The 52-week trading range was $7.78 to $46.75. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.