Tax-withholding share sale by Intuitive Machines (LUNR) CTO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuitive Machines SVP & CTO Timothy Price Crain II reported a non-discretionary sale of shares to cover taxes. He sold 8,447 shares of Class A Common Stock at $23.608 per share in connection with the vesting of restricted stock units, specifically to satisfy tax withholding obligations. After this tax-related sale, he directly holds 351,279 shares of Intuitive Machines common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,447 shares ($199,417)
Net Sell
1 txn
Insider
Crain Timothy Price II
Role
SVP & CTO
Sold
8,447 shs ($199K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,447 | $23.608 | $199K |
Holdings After Transaction:
Class A Common Stock — 351,279 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 8,447 shares
Sale price per share: $23.608 per share
Shares held after transaction: 351,279 shares
3 metrics
Shares sold
8,447 shares
Tax-withholding sale on Class A Common Stock
Sale price per share
$23.608 per share
Price for the 8,447-share tax-related sale
Shares held after transaction
351,279 shares
Direct ownership after the reported sale
Key Terms
restricted stock units, tax withholding obligations, open-market sale, Form 4
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Intuitive Machines (LUNR) executive Timothy Price Crain II report in this Form 4?
He reported a tax-related share sale. Timothy Price Crain II sold 8,447 Intuitive Machines Class A Common Stock shares at $23.608 each, solely to cover tax withholding obligations for vesting restricted stock units, and retained 351,279 shares afterward.
Was the Intuitive Machines (LUNR) insider transaction a discretionary sale?
No, it was not discretionary. The footnote explains the sale was made to cover tax withholding obligations arising from restricted stock unit vesting, meaning it was a mechanical, tax-driven transaction rather than a voluntary decision to sell based on the executive’s market view.
What is the role of Timothy Price Crain II at Intuitive Machines (LUNR)?
He is a senior executive. The filing identifies Timothy Price Crain II as an officer of Intuitive Machines, serving as Senior Vice President & Chief Technology Officer, and the reported transaction relates to his equity compensation and associated tax obligations.