Intuitive Machines Inc.

04/29/2024 | Press release | Distributed by Public on 04/29/2024 15:30

Material Event - Form 8-K

Item 8.01. Other Events.

The Company is providing an updated beneficial ownership table as of April 25th. The updated beneficial ownership table is being provided to help position the Company for potential inclusion in the Russell indices.

The following table sets forth beneficial ownership of our common stock as of April 25, 2024 by:

each person who is known to be the beneficial owner of more than 5% of shares of our common s
each of our current named executive officers and directors; and
all current executive officers and directors as a group.

The information below is based on an aggregate of 53,723,453 shares of Class A Common Stock and 70,909,012 shares of Class C Common Stock issued and outstanding as of April 25, 2024. No shares of Class B Common Stock were issued and outstanding as of April 25, 2024. Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she, or it possesses sole or shared voting or investment power over that security, including warrants that are currently exercisable or exercisable within 60 days. Voting power represents the combined voting power of shares of Class A Common Stock, Class B Common Stock and Class C Common Stock owned beneficially by such person. On all matters to be voted upon, holders of shares of Class A Common Stock, Class B Common Stock and Class C Common Stock will vote together as a single class on all matters submitted to the stockholders for their vote or approval. Holders of Class A Common Stock and Class B Common Stock are entitled to one vote per share on all matters submitted to the stockholders for their vote or approval and holders of Class C Common Stock are entitled to three votes per share on all matters submitted to the stockholders for their vote or approval.

Unless otherwise indicated, we believe that all persons named in the table below have sole voting and investment power with respect to the voting securities beneficially owned by them.

Shares Beneficially Owned Number of
Shares of
Class A,
Class B,
and
% of
Class A
Common Stock
Class B
Common Stock
Class C
Common Stock
Class C
Common
Total
Voting
Name and Address of Beneficial Owner(1) Number % Number % Number % Stock Power
5% Holders
Guy Shanon(2)(3) 9,216,104 15.3 - - - - 9,216,104 3.4
Kingstown Capital Management, LP(3) 5,373,305 9.3 - - - - 5,375,305 2.0
Kingstown Capital Management GP, LLC(3) 5,375,306 9.3 - - - - 5,375,306 2.0
Directors and Executive Officers of Intuitive Machines
Stephen Altemus(5)(9) 210,919 * - - 16,581,703 23.4 16,792,622 18.7
Dr. Kamal Ghaffarian(6)(9) 13,915,261 21.7 - - 43,825,852 61.8 57,741,113 52.5
Dr. Timothy Crain(7)(9) 112,810 * - - 10,501,457 14.8 10,614,267 11.9
Erik Sallee - - - - - - - -
Michael Blitzer(4) 4,200,798 7.5 - - - - 4,200,798 1.6
Peter McGrath(8)(9) 343,105 * - - - - 343,105 *
Anna Jones(10) 66,536 * - - - - 66,536 *
William J. Liquori - - - - - - - -
Robert L Masson - - - - - - - -
Nicole Seligman - - - - - - - -
All directors and executive officers as a group (10 individuals) 18,849,429 28.1 - - 70,909,012 100.0 89,758,441 82.8
* Less than 1%
(1) Unless otherwise noted, the business address of each of those listed in the table above is c/o Intuitive Machines, LLC, 13467 Columbia Shuttle Street, Houston, TX 77059.