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Stocks•7 May 2026•

1 min read

Intuitive Machines Director Sells $3.57M in LUNR Shares Following Stock Surge

Key Facts

1Kamal Ghaffarian, a director and 10% owner of Intuitive Machines, sold over $3.57 million worth of Class A Common Stock.

2The sales occurred on May 4, 2026, under a pre-adopted trading plan, following a significant surge in the stock price over the past year.

3The company recently secured a $180.4 million NASA contract despite disappointing Q4 fiscal 2025 earnings results.

Kamal Ghaffarian, a director and 10% owner of Intuitive Machines, has sold over $3.57 million worth of Class A Common Stock. The transactions were executed on May 4, 2026, under a pre-arranged Rule 10b5-1 trading plan following a significant surge in the stock price over the past year. This insider activity occurs as analysts flag potential overvaluation concerns despite the company's recent operational successes. Notably, Intuitive Machines recently secured a $180.4 million contract from NASA, providing a fundamental boost to its backlog. However, the sale follows disappointing Q4 fiscal 2025 earnings results which had previously weighed on investor sentiment. Market participants often view such large-scale insider sales as a signal of a local valuation peak, even when conducted via automated plans.