Kamal Seyed Ghaffarian, a director and 10% owner of Intuitive Machines, sold nearly $2.4 million in company stock. The transactions occurred on August 24, 2026. Ghaffarian sold 141,909 shares. The weighted average prices ranged between $16.86 and $17.68.
The sale followed a Rule 10b5-1 trading plan adopted in December 2025. Intuitive Machines stock has declined more than 10% over the past week. Shares are currently trading at approximately $16.11.
The company recently reported a quarterly loss of $0.29 per share. This result missed the consensus estimate of a $0.09 loss. Revenue showed a significant year-over-year increase despite the earnings miss.