Form 4 for LUNR Intuitive Machines, Inc.
Accepted 2024-01-31 00:00:00 ET · period of report 2024-01-29 · accession 0001213900-24-008426 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2024-01-31 | 2024-01-29 | LUNR | GM Enterprises, LLC | 10% | A - Grant | — | +3.49M | 3.55M | +5,421% | — |
| DMI | 2024-01-31 | 2024-01-29 | LUNR | GM Enterprises, LLC | 10% | A - Grant | — | +8.30M | 4.15M | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-01-29 | A | A | 3,487,278 | — | 3,551,606 | I See footnotes | — | — | (F1) On January 29, 2024, Ghaffarian Enterprises, LLC contributed $10.0 million to the Issuer for the purposes of satisfying certain repayment obligations of the Issuer and Intuitive Machines, LLC, and in exchange the Issuer issued the Class A Common Stock and Series A and Series B warrants reported herein to Ghaffarian Enterprises, LLC. The warrants are exercisable for, at the holder's election, (i) shares of Class A Common Stock, (ii) shares Class C Common Stock and an equal number of Common Units of Intuitive Machines, LLC, or (iii) a combination of Class A shares and Class C shares and Common Units. The warrants are immediately exercisable. (F2) The securities reported herein as indirectly owned are held by Ghaffarian Enterprises, LLC. (F3) Kamal Ghaffarian is the sole trustee of a revocable trust, which is the sole member of each of Ghaffarian Enterprises, LLC, GM Enterprises, LLC and Intuitive Machines KG Parent, LLC. As a result, Dr. Ghaffarian may be deemed to share beneficial ownership of the securities reported herein, but disclaims beneficial ownership except to the extent of his pecuniary interest therein. |
| 2 | Derivative | Series B Warrant | 2024-01-29 | A | A | 4,150,780 | — | 4,150,780 | I See footnotes | $2.57 · — to 2025-07-29 | 4,150,780 See Footnote | (F1) On January 29, 2024, Ghaffarian Enterprises, LLC contributed $10.0 million to the Issuer for the purposes of satisfying certain repayment obligations of the Issuer and Intuitive Machines, LLC, and in exchange the Issuer issued the Class A Common Stock and Series A and Series B warrants reported herein to Ghaffarian Enterprises, LLC. The warrants are exercisable for, at the holder's election, (i) shares of Class A Common Stock, (ii) shares Class C Common Stock and an equal number of Common Units of Intuitive Machines, LLC, or (iii) a combination of Class A shares and Class C shares and Common Units. The warrants are immediately exercisable. (F2) The securities reported herein as indirectly owned are held by Ghaffarian Enterprises, LLC. (F3) Kamal Ghaffarian is the sole trustee of a revocable trust, which is the sole member of each of Ghaffarian Enterprises, LLC, GM Enterprises, LLC and Intuitive Machines KG Parent, LLC. As a result, Dr. Ghaffarian may be deemed to share beneficial ownership of the securities reported herein, but disclaims beneficial ownership except to the extent of his pecuniary interest therein. |
| 3 | Derivative | Series A Warrant | 2024-01-29 | A | A | 4,150,780 | — | 4,150,780 | I See footnotes | $2.57 · — to 2029-01-29 | 4,150,780 See Footnote | (F1) On January 29, 2024, Ghaffarian Enterprises, LLC contributed $10.0 million to the Issuer for the purposes of satisfying certain repayment obligations of the Issuer and Intuitive Machines, LLC, and in exchange the Issuer issued the Class A Common Stock and Series A and Series B warrants reported herein to Ghaffarian Enterprises, LLC. The warrants are exercisable for, at the holder's election, (i) shares of Class A Common Stock, (ii) shares Class C Common Stock and an equal number of Common Units of Intuitive Machines, LLC, or (iii) a combination of Class A shares and Class C shares and Common Units. The warrants are immediately exercisable. (F2) The securities reported herein as indirectly owned are held by Ghaffarian Enterprises, LLC. (F3) Kamal Ghaffarian is the sole trustee of a revocable trust, which is the sole member of each of Ghaffarian Enterprises, LLC, GM Enterprises, LLC and Intuitive Machines KG Parent, LLC. As a result, Dr. Ghaffarian may be deemed to share beneficial ownership of the securities reported herein, but disclaims beneficial ownership except to the extent of his pecuniary interest therein. |