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Intuitive Machines(LUNR.US) 10% Shareholder Sells US$19.49 Million in Common Stock

Moomoo News ·  Nov 20 17:04

$Intuitive Machines (LUNR.US)$ 10% Shareholder Ghaffarian Kamal Seyed sold 1.64 million shares of common stock on Nov 18, 2024 at an average price of $11.8972 for a total value of $19.49 million.

This transaction involves other related parties: Ghaffarian Enterprises, LLC, GM Enterprises, LLC and Intuitive Machines KG Parent, LLC.

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What is statement of changes in beneficial ownership of securities?

It is a requirement under federal securities laws that mandates individuals, including officers, directors, and those who hold more than 10% of any class of a company's securities (collectively known as "insiders"), to report their purchases, sales, and holdings of their company's securities by submitting Forms 3, 4, and 5.

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