Director Kamal Ghaffarian sells $1.74m of Intuitive Machines stock

Director Kamal Ghaffarian sells $1.74m of Intuitive Machines stock

Tesla driver accelerated into house in fatal Texas crash, NTSB says Kamal Ghaffarian, a director and 10% owner of Intuitive Machines, Inc. (NASDAQ:LUNR), along with entities he controls, sold 110,976 shares of Class A Common Stock for a total value of approximately $1.74 million on July 13, 2026. The shares were sold at prices ranging from $15.03 to $16.01, with a weighted average price of $15.6399 per share. These sales were conducted pursuant to a Rule 10b5-1 trading plan adopted by Ghaffarian Enterprises, LLC on December 4, 2025.

The timing of the sale is notable as the stock has declined 12% over the past week and currently trades at $14.85, below Ghaffarian’s sale price. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value estimate. The sale followed the redemption of 110,976 Common Units of Intuitive Machines, LLC for an equal number of Class A Common Stock shares.

Concurrently, 110,976 shares of Class C Common Stock were automatically cancelled for no consideration, as per the terms of the Common Units which are redeemable on a one-to-one basis for Class A Common Stock. Following these transactions, the reporting persons indirectly hold 3,494,768 shares of Class A Common Stock. Additionally, they indirectly hold 34,677,200 Common Units and Class C Common Stock.

Kamal Ghaffarian also directly holds 153,526 shares of Class A Common Stock. Kamal Ghaffarian is the sole managing member of GM Enterprises, LLC and the sole trustee of a revocable trust that is the sole member of Ghaffarian Enterprises, LLC. As a result, Dr. Ghaffarian may be deemed to share beneficial ownership of these securities, but disclaims beneficial ownership except to the extent of his pecuniary interest therein.

For deeper insights into LUNR’s valuation and 13 additional InvestingPro Tips, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities. In other recent news, Intuitive Machines announced it secured a firm-fixed-price contract from NASA valued at up to $148.3 million. This contract, which marks the company’s sixth Commercial Lunar Payload Services award, includes a $68.6 million base contract for mission execution and a $79.7 million performance incentive for successful product-line qualification.

The goal is to deliver a production-line-qualified Nova-C lunar lander to the Moon by 2028. Cantor Fitzgerald has reiterated an Overweight rating on Intuitive Machines following this announcement. Additionally, Stifel has maintained a Hold rating with a $32 price target on the company’s shares, citing contract potential.

Meanwhile, the Space Development Agency awarded L3Harris Technologies a $955 million contract for satellite production, indirectly benefiting Intuitive Machines. In broader industry news, SpaceX’s recent Nasdaq debut has impacted rival space company stocks. These developments highlight the dynamic and competitive nature of the space industry.