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LUNRIntuitive Machines, Inc. · Insider ownership research

Intuitive Machines, Inc. insiders sold $116M in the past 12 months. How much of their stake is that?

Insiders sold $116M in the past 12 months.96% was sold under disclosed trading plans, 3% to cover taxes. The largest seller, Stephen Altemus (Chief Executive Officer, Director), sold $52.3M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
1
buyer among officers and directors (2 trades), past 12 months
96%
of sales were under disclosed trading plans, past 12 months
7 of 11
officers and directors sold shares, past 12 months
Is this normal? In line with the past 4 years. 7 insiders sold; the average is 3 a year. Year by year
Latest filing: Filed Sep 22 for a sale from Sep 18 to Sep 21. Timothy Crain II sold 150K shares ($2.2M) under a disclosed plan. Filing
SEC ownership filings: 52 filed in the 12 months to Oct 13, 2026; 198 on record since Sep 21, 2021 · See the evidence

What stands out

Michael Blitzer bought 241K shares for $2.2M, first on Nov 12, 2025. These are the first purchases by current officers or directors in the filings on record.Purchase, Nov 12, 2025
Outside holder ADVENT INTERNATIONAL, L.P., a 10% owner and not part of management, sold $148M of stock.Largest sale, Jul 28, 2026

A share of stake is shown for 0 of the 7 officers and directors who sold. 11 are left out

i
Left out: Kamal Ghaffarian, Michael Blitzer, Stephen Altemus, Timothy Crain II, Peter McGrath, Anna Jones, Steven Vontur, William Liquori Jr., Robert Masson II, Nicole Seligman and Christopher Johnson (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Stephen Altemus
Chief Executive Officer, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$52.3M97% planned, 3% to cover taxes
Kamal Ghaffarian
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$43.8MDisclosed plan
Timothy Crain II
SVP & Chief Technology Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$18.0M97% planned, 3% to cover taxes
Peter McGrath
SVP and CFO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.0MTo cover taxes
William Liquori Jr.
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$547KNo plan disclosed
All 7 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDec 2025: $36.8M under a disclosed plan$36.8MDecJan 2026: $23.1M under a disclosed planJanFeb 2026: $2.6M to cover taxesFebMar 2026: $8.0M under a disclosed planMarApr 2026: $7.3M under a disclosed planApr 2026: $1.2M to cover taxesAprMay 2026: $8.4M under a disclosed planMayJun 2026: $15.4M under a disclosed planJun 2026: $547K no plan disclosedJunJul 2026: $2.4M under a disclosed planJulAug 2026: $6.7M under a disclosed planAug 2026: $49K to cover taxesAugSep 2026: $3.6M under a disclosed planSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026
Sep 21, 2026Timothy Crain II sold 50K shares ($753K) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Timothy Crain II
SVP & Chief Technology Officer
50,000$15.05n/an/aSep 21, 2026Sep 22, 2026
Sep 18, 2026Timothy Crain II sold 100K shares ($1.4M) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Timothy Crain II
SVP & Chief Technology Officer
100,000$13.98n/an/aSep 18, 2026Sep 22, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Outside holders, reported separately

ADVENT INTERNATIONAL, L.P. sold $148M in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Intuitive Machines, Inc. CEO selling stock?

Yes. Stephen Altemus sold 3.10M shares ($52.3M) in the past 12 months, 97% of it under a trading plan disclosed in the filings.

Why are Intuitive Machines, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 96% of sales by value ran under 10b5-1 trading plans disclosed in the filings, 3% were to cover taxes and 0.5% had no disclosed plan. A trading plan schedules sales in advance.

Are any Intuitive Machines, Inc. insiders buying?

Yes. 1 officer or director reported 2 purchases in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold7 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Stephen Altemus
Chief Executive Officer, Director
$52.3M
3.10M shares
Not confirmed
share of stake is being verified. Why
97% under a disclosed plan, 3% to cover taxes
Kamal Ghaffarian
Director
$43.8M
1.94M shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Timothy Crain II
SVP & Chief Technology Officer
$18.0M
1.03M shares
Not confirmed
share of stake is being verified. Why
97% under a disclosed plan, 3% to cover taxes
Peter McGrath
SVP and CFO
$1.0M
50K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
William Liquori Jr.
Director
$547K
18K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Anna Jones
SVP, CLO & Corporate Secretary
$408K
22K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
Steven Vontur
Chief Accounting Officer and Controller
$125K
7.4K shares
Not confirmed
share of stake is being verified. Why
To cover taxes

Outside holder, reported separately: ADVENT INTERNATIONAL, L.P. (a 10% owner, not part of management). Sold $148M (11.50M shares) from Jul 28, 2026 to Jul 28, 2026. Latest filing

The full ownership picture0 of 11 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Kamal Ghaffarian
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kamal Ghaffarian are complete.
Director
n/a−1.94Mn/an/a
Vesting, gifts, unvested awards and holding lines for Kamal Ghaffarian

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kamal Ghaffarian are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Michael Blitzer
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Blitzer are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Michael Blitzer

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Blitzer are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Stephen Altemus
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Stephen Altemus are complete.
Chief Executive Officer, Director
n/a−3.10Mn/an/a
Vesting, gifts, unvested awards and holding lines for Stephen Altemus

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Stephen Altemus are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Timothy Crain II
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Timothy Crain II are complete.
SVP & Chief Technology Officer
n/a−1.03Mn/an/a
Vesting, gifts, unvested awards and holding lines for Timothy Crain II

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Timothy Crain II are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Peter McGrath
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Peter McGrath are complete.
SVP and CFO
n/a−50Kn/an/a
Vesting, gifts, unvested awards and holding lines for Peter McGrath

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Peter McGrath are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
83,437$1.80Jun 14, 2031$1.1M

Estimate: options held × ($15.05 − strike price), using the most recent insider trade price on Form 4 (Sep 21, 2026), not a market close.

Anna Jones
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Anna Jones are complete.
SVP, CLO & Corporate Secretary
n/a−22Kn/an/a
Vesting, gifts, unvested awards and holding lines for Anna Jones

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Anna Jones are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Steven Vontur
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Steven Vontur are complete.
Chief Accounting Officer and Controller
n/a−7.4Kn/an/a
Vesting, gifts, unvested awards and holding lines for Steven Vontur

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Steven Vontur are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.3Kwithheld by the company for taxes
William Liquori Jr.
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for William Liquori Jr. are complete.
Director
n/a−18Kn/an/a
Vesting, gifts, unvested awards and holding lines for William Liquori Jr.

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for William Liquori Jr. are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Robert Masson II
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Robert Masson II are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Robert Masson II

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Robert Masson II are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Nicole Seligman
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Nicole Seligman are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Nicole Seligman

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Nicole Seligman are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Christopher Johnson
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Christopher Johnson are complete.
President, Lanteris Space Systems
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Christopher Johnson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Christopher Johnson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Intuitive Machines, Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$116M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $116M across 6,170,847 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($4.4M), including tax-related sales outside a plan.

No plan disclosed · $547K

Sales with no 10b5-1 plan and no tax reference in the filing. $547K of it is William Liquori Jr.. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: William Liquori Jr., Jun 8, 2026

Taxes

$3.9M of sales (3.3%) cite tax obligations in their footnotes. Separately, 1,339 shares ($13K) were withheld by the company for taxes, which isn't a market sale. Example: Steven Vontur, Aug 27, 2026

Purchases · 1 buyer (2 trades)

1 officer or director bought shares in this period, in 2 trades(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 2 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Stephen Altemus
Chief Executive Officer, Director
3.10M$52.3M97%45%Dec 19, 2025 to Apr 15, 2026
Kamal Ghaffarian
Director
1.94M$43.8M100%38%Mar 24, 2026 to Sep 9, 2026
Timothy Crain II
SVP & Chief Technology Officer
1.03M$18.0M97%16%Dec 19, 2025 to Sep 21, 2026
Peter McGrath
SVP and CFO
50K$1.0M0%0.9%Feb 11, 2026 to Apr 15, 2026
William Liquori Jr.
Director
18K$547K0%0.5%Jun 8, 2026 to Jun 8, 2026
Anna Jones
SVP, CLO & Corporate Secretary
22K$408K0%0.4%Feb 11, 2026 to Apr 15, 2026
Steven Vontur
Chief Accounting Officer and Controller
7.4K$125K0%0.1%Feb 11, 2026 to Aug 27, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$36.8M$36.8M$0$0
Jan 2026$23.1M$23.1M$0$0
Feb 2026$2.6M$0$2.6M$0
Mar 2026$8.0M$8.0M$0$0
Apr 2026$8.5M$7.3M$1.2M$0
May 2026$8.4M$8.4M$0$0
Jun 2026$16.0M$15.4M$0$547K
Jul 2026$2.4M$2.4M$0$0
Aug 2026$6.8M$6.7M$49K$0
Sep 2026$3.6M$3.6M$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year4 earlier years to compare with

In line with the past 4 years. 7 insiders sold; the average is 3 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 13, 2026
Latest 12 months
6.17M7$116M
Oct 13, 2025
1 year earlier
4.99M6$63.4M
Oct 13, 2024
2 years earlier
11.76M5$65.3M
Oct 14, 2023
3 years earlier
00$0
Oct 14, 2022
4 years earlier
00$0
Oct 14, 2021
5 years earlier · filings don't cover the whole year
n/an/an/a

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty11 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Intuitive Machines, Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology198 filings on record, 52 filed in the 12-month period, and how we read them

All 198 Forms 3, 4 and 5 on record for Intuitive Machines, Inc. (SEC CIK 1844452), filed from Sep 21, 2021 to Sep 22, 2026; 52 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (9)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Guy ShanonFeb 23, 20242,888,577 shares, last reported balance as of Feb 22, 2024
Kingstown 1740 Fund L.P.Jul 18, 20236,950,000 shares, last reported balance as of Feb 22, 2023
Erik SalleeMay 11, 2023550,000 shares, last reported balance as of May 9, 2023
HGC Investment Management Inc.Mar 17, 2023225,000 shares, last reported balance as of Mar 15, 2023
Polar Asset Management Partners Inc.Feb 22, 20231,400,000 shares, last reported balance as of Feb 13, 2023
Paula SutterNo balance on record
Nicholas ShekerdemianNo balance on record
Brian PitzNo balance on record
Erin CliftNo balance on record

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.