Intuitive Machines Director Sells Over $5M in Stock

Kamal Seyed Ghaffarian offloads nearly 284,000 shares of the aerospace company

Mar. 29, 2026 at 8:04am

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Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 283,818 shares of the company's stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $18.78, for a total value of $5,330,102.04. Following the sale, Ghaffarian still owns 3,494,768 shares of the company, valued at approximately $65,631,743.04.

Why it matters

This insider sale represents a 7.51% decrease in Ghaffarian's ownership stake in Intuitive Machines, one of the leading private companies pursuing lunar surface deliveries under NASA's Commercial Lunar Payload Services (CLPS) program. The transaction provides insight into the director's confidence in the company's short-term prospects, even as Intuitive Machines' stock has seen volatility in recent months.

The details

Ghaffarian's sale of 283,818 shares was disclosed in a legal filing with the Securities & Exchange Commission. The shares were sold at an average price of $18.78, resulting in total proceeds of $5,330,102.04. Following the transaction, Ghaffarian now owns 3,494,768 shares of Intuitive Machines, valued at approximately $65,631,743.04.

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

The players

Kamal Seyed Ghaffarian

A director at Intuitive Machines, Inc., a Houston-based aerospace company specializing in commercial lunar exploration and services.

Intuitive Machines, Inc.

A Houston, Texas-based aerospace company that develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA's Commercial Lunar Payload Services (CLPS) program.

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What’s next

Investors will likely be closely monitoring Intuitive Machines' stock performance and any further insider trading activity in the coming weeks and months.

The takeaway

Ghaffarian's substantial sale of Intuitive Machines shares, while still retaining a significant ownership stake, suggests the director may have concerns about the company's near-term outlook, even as the aerospace firm continues to play a key role in NASA's lunar exploration efforts.