Intuitive Machines (NASDAQ:LUNR) announced that Senior Vice President and Chief Financial Officer Peter McGrath sold 25,541 shares of Class A common stock on February 11, 2026, for approximately $445,332. The shares changed hands at $17.436 apiece, a level modestly above LUNR's then-current trading price of $16.13.
According to InvestingPro data, LUNR has been subject to elevated short-term swings, sliding 7.93% over the past week even after recording a 79.42% gain across the previous six-month period. Those movements underscore the heightened volatility surrounding the stock.
Following the February 11 transaction, McGrath retains direct ownership of 425,800 shares of Intuitive Machines. The company itself is currently valued at roughly $2.83 billion.
Company filings indicate the sale was carried out specifically to satisfy tax withholding obligations tied to the vesting of restricted stock units. The filing notes the disposition was not a discretionary sale by McGrath, but instead intended solely to cover tax liabilities associated with equity compensation.
Several other developments in the space and aerospace-adjacent markets were noted alongside the insider transaction.
- Elon Musk has said a newly announced merger between SpaceX and xAI is valued at $1.25 trillion and will help advance AI infrastructure in space within the next few years.
- Intuitive Machines completed an $800 million acquisition of Lanteris Space Systems. The acquisition involved a combination of cash and stock consideration.
- On the analyst front, Clear Street raised its price target for Intuitive Machines to $25.00 and maintained a Buy rating.
- Stifel moved its rating on Intuitive Machines from Buy to Hold, citing uncertainty tied to a NASA contract decision.
- Cantor Fitzgerald reiterated an Overweight rating and pointed to multiple upcoming contract opportunities, including the Lunar Terrain Vehicle award.
Taken together, the insider sale - executed for tax reasons - and the surrounding corporate and industry news reflect an active period for Intuitive Machines and for companies operating at the intersection of space and advanced technology. The firm's stock remains volatile, and analyst views differ as market participants weigh contract outcomes and integration of recent strategic moves.