Transaction details
Anna Chiara Jones, who serves as senior vice president, chief legal officer and corporate secretary at Intuitive Machines, Inc., reported a sale of 16,779 shares of Class A common stock in a Form 4 filing with the Securities and Exchange Commission. The transaction took place on February 11, 2026, with the shares sold at $17.436 each, producing total proceeds of $292,558.
The filing notes that the sale was executed at a price above the prevailing market level of $16.13, and that the company's stock had fallen by nearly 8% over the prior week. After the transaction, Jones directly holds 209,200 shares of Intuitive Machines.
Reason for the sale
According to the Form 4, the shares were sold to satisfy tax withholding obligations stemming from the vesting of restricted stock units. The filing further indicates that the sale was not a discretionary transaction by Jones.
Context: acquisition and analyst reactions
Separately, Intuitive Machines has completed the previously announced $800 million acquisition of Lanteris Space Systems. The transaction consisted of $450 million in cash plus $350 million in Intuitive Machines Class A common stock. Company commentary and analyst notes included expectations that the acquisition will boost revenue and adjusted EBITDA.
Following the acquisition, Clear Street raised its price target on Intuitive Machines to $25.00 and maintained a Buy rating. Cantor Fitzgerald reiterated an Overweight rating with a $16.00 price target, calling out a number of potential contract decisions that could influence the business, including the Lunar Terrain Vehicle - or LTV - award, which Cantor Fitzgerald estimated could be valued between $600 million and $800 million. In contrast, Stifel downgraded the company from Buy to Hold, citing uncertainty tied to the NASA LTV contract decision.
Industry note
In a notable development within the broader space industry, SpaceX and xAI have merged to form an entity valued at $1.25 trillion, a move described as intended to expand artificial intelligence infrastructure in space by Elon Musk. These moves underscore ongoing strategic repositioning and consolidation across space and adjacent technology areas.
Takeaway
The insider sale reported by Jones was a tax-related disposition rather than a discretionary trade, and it occurred as Intuitive Machines moves forward with a sizable acquisition and faces mixed analyst assessments tied to contract outcomes. Market participants may watch developments around the LTV decision and the integration of Lanteris as drivers of future revenue and adjusted EBITDA outcomes for the company.
Note: All transaction and corporate details above are taken from the company's SEC filing and reported company announcements.