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EdgarHawk

Kamal Seyed Ghaffarian

Director

Director 10% Owner

Latest: Director selling · June 2026

17 filings analyzed · 1 company · Latest 2026-06-17

Companies

Company Buys Sells Direction
Intuitive Machines, Inc. LUNR 0 81 Net selling

Activity

June 2026
medium
Sell
141,909 shares
$3,711,465
Significance 6/10

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%.

medium
Sell
141,909 shares
$5,536,841
Significance 6/10

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
medium
Sell
141,909 shares
$4,860,439
Significance 5/10

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.

medium
Sell
141,909 shares
$3,567,576
Significance 4/10

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
high
Sell
141,909 shares
$3,995,956
Significance 6/10

Director Kamal Seyed Ghaffarian sold 141,909 shares of LUNR for $3,995,956.11 in 3 transactions on 2026-04-20

Kamal Seyed Ghaffarian, a Director at Intuitive Machines, executed 3 separate open-market sales on 2026-04-20, divesting 141,909 shares at blended average price of $28.16 for total proceeds of $3,995,956.11. His post-transaction holding of 3,494,768 shares represents a -3.9% reduction in position size. The sales occurred while LUNR is trading at $29.94, near its 52-week high of $29.94, and the stock has appreciated +47.4% over the past 30 days and +45.3% over 90 days—a period of strong momentum. The fundamental backdrop shows the company generated $52,437,000 in quarterly revenue but posted a net loss of $-6,842,000, with annual revenue declining -7.9% year-over-year and the company unprofitable over its most recent full fiscal year. His cross-ticker track record shows 20 prior sells with a 50.00% well-timed rate at the 90-day mark, though at LUNR specifically, prior trades remain too recent to measure outcomes. The absence of a scheduled trading plan flag means the timing of this sale—executed near the 52-week high and during a sharp rally—is discretionary.

high
Sell
141,909 shares
$3,291,915
Significance 6/10

Director Ghaffarian sells 141,909 shares (141.9K) at blended $23.20 for $3.3M; retains 3.49M shares post-transaction

Director Kamal Seyed Ghaffarian executed 2 separate sales totaling 141,909 shares for $3,291,914.93 on 2026-04-06, at a blended average price of $23.20, reducing holdings by 3.9% from 3.64M to 3.49M shares. The sales occurred near the 52-week high of $23.99, with the stock up 29.4% over the prior 30 days and 19.2% over 90 days; current price stands at $23.39. The company's fundamentals remain challenged: latest quarter revenue of $52.4M with net income of $-6.8M, annual revenue declining 7.9% year-over-year, and the company unprofitable over its most recent full fiscal year. Notably, Ghaffarian executed four additional sales at this ticker on 2026-03-24 (outcomes not yet measurable), suggesting a recent pattern of liquidation activity. His cross-ticker track record shows a 43.75% well-timed rate on 20 prior sells, though at LUNR specifically, only 1 of 1 prior measurable sales (from 2025-05-13) was well-timed, with a -16.1% 90-day return at that earlier transaction.

March 2026
high
Sell
283,818 shares
$5,331,359
Significance 7/10

Director Ghaffarian sold 283,818 shares for $5.3M across 4 transactions; 5-of-5 prior LUNR sales preceded stock declines.

Director Kamal Seyed Ghaffarian executed 4 separate sales totaling 283,818 shares for $5,331,358.72 at an average of $18.78 per share, reducing his stake from 3,778,586 to 3,494,768 shares (a 7.5% reduction). This transaction occurs as LUNR trades at $19.23, within 15.7% of its 52-week high but still up 26.1% over the past 90 days and 1.8% over 30 days. Notably, Ghaffarian's five prior open-market sales at LUNR (dating back to May 2025) were all well-timed at the 90-day mark, with every sale preceding subsequent stock declines ranging from 16.1% to 57.0%, establishing a consistent pattern of favorable exit timing at this specific ticker. The company remains unprofitable (full-year net income $-6.8M), with declining annual revenue (-7.9%), a stretched valuation (P/E 213.67), and deteriorating cash flow relative to revenue, framing this sale within a backdrop of structural financial headwinds even as near-term momentum has turned positive.

May 2025
high
Sell
161,016 shares
$1,948,374
Significance 7/10

Director Kamal Seyed sold 161,016 shares of LUNR at $12.10 on 2025-05-13; stock down 48.7% from 52-week high amid unprofitability despite 186.7% annual revenue growth.

Director Kamal Seyed sold 161,016 shares valued at $1.9M on 2025-05-13, reducing holdings by 4.4%. The sale occurs as LUNR trades 48.7% below its 52-week high of $23.07, while the company remains unprofitable with net income of $-11.4M on $62.5M quarterly revenue despite 186.7% annual revenue growth. His prior 5 sales at this same ticker have all been well-timed at the 90-day mark (negative 90d returns ranging from -1.7% to -57.0%), establishing a pattern of selling before declines. The 30-day move of +53.0% since this transaction does not align with this established 90-day downward pattern, but the broader context of elevated valuation during unprofitability and the insider's historical success timing downturns at this specific ticker merits investor attention to fundamental trajectories.

January 2025
high
Sell
377,973 shares
$6,935,756
Significance 6/10

Director Ghaffarian sold 377,973 shares for $6.9M on 2024-12-30 at $18.35 blended average; retains 33.16M shares post-transaction.

Ghaffarian executed 2 separate sales totaling 377,973 shares for $6,935,755.78 at blended average price of $18.35, reducing his position by 1.1% to 33.16M shares. The transaction occurred as the stock trades at $19.32, near its 52-week high, following a 30-day surge of +36.5% and 90-day rally of +153.5%. His prior trades at LUNR show mixed outcomes (most recent measurable sales had 30-day returns of +14.8%, +22.4%, and +10.5%), though timing assessment is limited by the fact that five of his recent LUNR trades remain unmeasurable or newly executed. The company is operationally challenged: latest quarterly revenue of $58,478,000.00 with net income of $-55,400,000.00, annual revenue decline of -7.5%, and a P/E of 5.63 suggesting distressed valuation metrics. The timing of a director's stock sale at near-peak prices during a sharp rally, while the business posts substantial operating losses, warrants investor scrutiny of execution and capital allocation concerns.

December 2024
medium
Sell
377,973 shares
$4,566,612
Significance 5/10

Director Kamal Seyed Ghaffarian sold 377,973 shares (378.0K) for $4.6M on 2024-12-16, reducing stake by 9.8%.

Director Kamal Seyed Ghaffarian executed 2 separate sales totaling 377,973 shares for $4,566,612.11 at a blended average price of $12.08, reducing his holdings from 3,872,741 shares to 3,494,768 shares. The sales occurred at prices below the current market price of $13.15, and the stock has appreciated 12.6% over the prior 30 days and 41.7% over the prior 90 days. His prior 5 trades at LUNR show varied 30-day returns (+10.5% to +61.6%), though no 90-day outcomes are yet measurable; across his cross-ticker history, his 11 prior sells averaged +22.2% returns over 30 days and +70.8% over 90 days, but his 90-day well-timed rate stands at 0.00%, indicating a pattern of selling before subsequent gains rather than before declines. Against the backdrop of LUNR's revenue of $58,478,000 in the latest quarter offset by net losses of $55,400,000 and a -7.5% annual revenue contraction, the sale represents a material reduction in an executive's concentrated holding without publicly signaled rationale.

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