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LUNR Intuitive Machines, Inc. Insider Trading

Latest: Director Sold $5.5M of Shares · Jun 2026

Multiple insiders have been active at Intuitive Machines, Inc. (LUNR): 5 distinct insiders account for 1 buy filing and 40 sell filings as of Jul 2026. Its highest-significance filing in the last 90 days: Director Kamal Seyed Ghaffarian sold $5.5M, transaction dated Jun 2026.

41 filings analyzed · Latest 2026-07-15

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Buys
1
Sells
40
Insiders
5
Direction
Net selling

Intuitive Machines, Inc. leadership

CEO
Stephen Altemus — Chief Executive Officer
CFO
Peter McGrath — Chief Financial Officer
General Counsel
Anna Jones — Senior Vice President, Chief Legal Officer and Corporate Secretary
Chair
Dr. Kamal Ghaffarian — Chairman of the Board of Directors

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a medium insider sell (n ≈ 4,738, 2024-2026). Past results don't predict the future. How we measure this ↗

July 2026
2026-07-15 10b5-1 Plan
medium
110,976 shares
$1,735,654
@ $15.64
Significance 5

Director Kamal Seyed Ghaffarian sells 110,976 shares of LUNR at $15.64 via 10b5-1 plan; stock down 68.2% from 52-week high.

Kamal Seyed Ghaffarian (Director) sold 110,976 shares of Intuitive Machines, Inc. (LUNR) at $15.64 on 2026-07-13, reducing his non-derivative holdings from 3,605,744 to 3,494,768 shares. This transaction is part of a scheduled 10b5-1 trading plan adopted on 2025-12-04, removing discretionary timing considerations. The company faces headwinds: unprofitable (annual net income of $-37,387,000.00 on $186,730,000.00 revenue) with -7.9% annual revenue growth, while the stock trades at $14.85, down 68.2% from its 52-week high of $46.75 and down 42.4% over the trailing 30 days. Notably, Ghaffarian's prior five sales at LUNR show 30-day outcomes ranging from -43.0% to -46.5%, suggesting the stock has declined significantly after each of his recent dispositions, though his overall cross-ticker track record shows an average 30-day return of -31.7% following his 20 prior sells.

2026-07-01 10b5-1 Plan
medium
141,909 shares
$2,898,895
@ $20.43
Significance 6

Director Seyed Ghaffarian sells 141.9K LUNR shares for $2.9M under 10b5-1 plan; stock down 47.1% in 30 days, company unprofitable.

Kamal Seyed Ghaffarian executed 2 separate sales totaling 141,909 shares for $2,898,895.12 under a pre-arranged 10b5-1 trading plan adopted on 2025-12-04, reducing his non-derivative holdings by 3.9% while maintaining derivative holdings of 34,788,176 shares. The sales occurred as LUNR declined 47.1% over the prior 30 days and 56.8% from its 52-week high of $46.75, and the company reported negative net income of $-37,387,000.00 in its latest quarter alongside annual revenue decline of -7.9%. His recent same-ticker selling activity shows measured outcomes: two June 1 sales posted 30-day losses of -48.3% and -52.3%, though three more recent June 15 sales do not yet have measurable 30-day outcomes. The scheduled nature of the 10b5-1 plan removes discretionary timing as a signal; the filing documents a mechanical execution of a plan pre-arranged months in advance, with the transaction price of $20.43 (blended average) occurring as the stock trades at $20.20 current price.

June 2026
2026-06-22 10b5-1 Plan
medium
SVP & Chief Technology Officer
150,000 shares
$3,280,615
@ $21.87
Significance 6

CTO Timothy Price II sells 150,000 LUNR shares at blended $21.87 via pre-arranged 10b5-1 plan; holds 351,279 post-sale

Timothy Price II, SVP & Chief Technology Officer, executed 2 separate sales totaling 150,000 shares for $3,280,615.00 on 2026-06-18 pursuant to a pre-arranged 10b5-1 trading plan adopted on 2025-09-16. The sale reduces his non-derivative holdings from 501.3K to 351.3K shares, though he retains 8,720,615 common units in derivative form. The company remains unprofitable (net income -$37.4M in the latest quarter) with declining annual revenue (-7.9% year-over-year), and the stock has fallen 53.0% from its 52-week high—context that frames this as a scheduled divestment rather than a discretionary timing decision. His cross-ticker track record across 18 prior sells shows a 90-day average return of +36.0%, though at this ticker specifically, his 5 prior 2026 sales at LUNR resulted in mixed forward 90-day outcomes (ranging -19.6% to +34.2%), providing limited directional signal.

2026-06-17 10b5-1 Plan
medium
141,909 shares
$3,711,465
@ $26.15
Significance 6

Director Kamal Seyed Ghaffarian sold 141,909 shares for $3,711,464.61 via pre-arranged 10b5-1 plan at LUNR

Director Kamal Seyed Ghaffarian executed 3 separate sales totaling 141,909 shares for $3,711,464.61 on 2026-06-15, representing a -3.9% reduction in his direct non-derivative holdings to 3,494,768 shares. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-12-04, making it a scheduled, non-discretionary trade rather than a discretionary decision. The insider retains 34,930,085 common units in derivative holdings, preserving a substantial overall position in the company. Intuitive Machines is currently trading at $22.72, down -32.4% over the past 30 days and -51.4% from its 52-week high of $46.75, while the company reported a quarterly revenue of $186,730,000.00 but a net loss of -$37,387,000.00 and negative annual revenue growth of -7.9%.

2026-06-03 10b5-1 Plan
medium
141,909 shares
$5,536,841
@ $39.02
Significance 6

Director Kamal Seyed Ghaffarian sells 141,909 shares for $5.5M via 6 scheduled transactions under 10b5-1 plan

On 2026-06-01, Director Kamal Seyed Ghaffarian executed 6 separate sales totaling 141,909 shares for $5,536,840.53 at prices ranging from $38.50 to $43.03, with a blended average of $39.02. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-12-04, meaning the sales were scheduled rather than discretionary. Post-transaction, Ghaffarian retains 3,494,768 non-derivative shares, representing a -3.9% reduction from pre-transaction holdings of 3,636,677 shares; however, the insider maintains substantial derivative holdings of 35,071,994 common units, indicating continued significant economic exposure to LUNR. The company's recent financials show revenue of $186,730,000 with a net loss of $37,387,000, and the stock is currently at $33.83, down -27.6% from its 52-week high of $46.75, which is below the blended transaction prices at which these shares were sold.

May 2026
2026-05-20 10b5-1 Plan
medium
141,909 shares
$4,860,439
@ $34.25
Significance 5

Director Ghaffarian sells 141,909 shares for $4.9M (blended avg $34.25) via scheduled 10b5-1 plan

Ghaffarian executed 6 separate sales totaling 141,909 shares for $4,860,438.78 on 2026-05-18 across prices ranging from $33.27 to $37.99, representing a -3.9% reduction in his 3.49M-share post-transaction position. This sale was conducted under a pre-arranged 10b5-1 trading plan adopted on 2025-12-04, making it scheduled rather than discretionary. The stock has appreciated 22.4% over the prior 30 days and 85.1% over 90 days from a 52-week low of $7.78, though it currently sits at $33.67, down 12.7% from its 52-week high of $38.55. The company remains unprofitable with net income of -$37.4M against quarterly revenue of $186.7M and annual revenue contraction of -7.9%, providing important context on the underlying business trajectory independent of the scheduled nature of this sale.

2026-05-06 10b5-1 Plan
medium
141,909 shares
$3,567,576
@ $25.14
Significance 4

Board director Kamal Ghaffarian sells ~142k shares of LUNR while stock recovers; mixed track record on prior sales in this name.

Kamal Ghaffarian, a board director and ten-percent beneficial owner of Intuitive Machines, executed a paired transaction on the same day—rotating approximately 142,000 shares while simultaneously selling nearly 142,000 shares across two separate sales totaling roughly $3.6 million. This rotation occurred as the stock has rallied notably over the prior three months, though it remains below its 52-week high. The company's fundamentals remain challenging, with operating losses and declining revenue, which could be motivating Ghaffarian to reduce exposure near higher prices. However, his prior sales in this stock show divergent outcomes: his most recent sales in mid-April resulted in losses, while earlier April sales were followed by modest gains. The lack of a clear edge in his previous timing on this specific stock, combined with the execution near the top of the recent recovery, suggests this may be a liquidity-driven rebalancing rather than a conviction-driven move by someone with direct knowledge of operating improvements ahead.

April 2026
2026-04-22 10b5-1 Plan
low
141,909 shares
$3,995,956
@ $28.16
Significance 3

Director Kamal Seyed Ghaffarian sold 141,909 shares of LUNR for $3,995,956.11 via scheduled 10b5-1 plan

Kamal Seyed Ghaffarian, a Director, executed 3 separate sales totaling 141,909 shares for $3,995,956.11 on 2026-04-20 at an average price of $28.16 per share. This represents a -3.9% reduction in his post-transaction holdings of 3,494,768 shares. The FLAG indicates this transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-12-04, meaning the sales were scheduled and not discretionary decisions. As a routine disposition under a predetermined plan, this filing carries limited signal regarding current conviction or market outlook.

2026-04-08 10b5-1 Plan
low
141,909 shares
$3,291,915
@ $23.20
Significance 4

Ghaffarian (Director) sells 141,909 shares for $3.3M via 10b5-1 plan; retains 3.49M shares

Kamal Seyed Ghaffarian, a director at Intuitive Machines, executed 2 separate sales totaling 141,909 shares for $3,291,914.93 at a blended average price of $23.20 on 2026-04-06. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-12-04, meaning the sales were scheduled, not discretionary decisions. The director's holdings decreased by 3.9% from 3,636,677 shares to 3,494,768 shares post-transaction, preserving a substantial long position. The mechanical nature of the 10b5-1 plan execution precludes any inference about timing, conviction, or market outlook from this filing alone.

March 2026
2026-03-26 10b5-1 Plan
low
283,818 shares
$5,331,359
@ $18.78
Significance 3

Director Ghaffarian sells 283,818 shares ($5.3M) at LUNR on 2026-03-24 under 10b5-1 plan

Kamal Seyed Ghaffarian, a Director at Intuitive Machines, executed 4 separate sales totaling 283,818 shares for $5,331,358.72 on 2026-03-24, reducing his holdings from 3,778,586 shares to 3,494,768 shares. The sales occurred at prices ranging from $17.80 to $20.34, with a blended average of $18.78. This activity is governed by a pre-arranged 10b5-1 trading plan adopted on 2025-12-04, meaning the sales were scheduled and not discretionary. Post-transaction, Ghaffarian retains 3.49M shares, representing a 7.5% reduction in holdings executed through a fixed plan rather than responding to current market conditions.

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