Intuitive Machines Director Sells $5.3M in Stock

Kamal Seyed Ghaffarian reduces stake by 7.5% in the aerospace company

Mar. 28, 2026 at 8:07am

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Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 283,818 shares of the company's stock on March 24th for a total transaction value of $5,330,102.04. The sale represented a 7.51% decrease in Ghaffarian's ownership stake, leaving him with 3,494,768 shares valued at $65,631,743.04.

Why it matters

Insider transactions can provide insight into a company's performance and the confidence of its leadership. This sale by a director suggests Intuitive Machines may be facing headwinds, though the company's stock has risen significantly over the past year.

The details

Ghaffarian sold the shares at an average price of $18.78 per share. The transaction was disclosed in a filing with the Securities and Exchange Commission. Intuitive Machines is a Houston-based aerospace company that specializes in commercial lunar exploration and services, including spacecraft design, mission management, and data services for NASA's Commercial Lunar Payload Services (CLPS) program.

  • The stock sale occurred on Tuesday, March 24th, 2026.

The players

Kamal Seyed Ghaffarian

A director of Intuitive Machines, Inc. who sold over 283,000 shares of the company's stock.

Intuitive Machines, Inc.

A Houston-based aerospace company that develops solutions for robotic missions to the Moon, including spacecraft design, mission management, and data services for NASA's CLPS program.

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What they’re saying

“This trade represents a 7.51% decrease in their ownership of the stock.”

— Kamal Seyed Ghaffarian, Director

What’s next

Investors will be watching to see if other Intuitive Machines insiders make similar stock sales in the coming weeks, which could signal broader concerns about the company's outlook.

The takeaway

Insider transactions can provide valuable insights, but should be considered alongside a company's overall financial performance and market conditions. This sale by an Intuitive Machines director raises questions about the near-term prospects for the aerospace firm, even as it continues to play a key role in NASA's lunar exploration efforts.