Intuitive Machines CTO Sells $3.28M Shares Under Pre-Set 10b5-1 Plan

The latest development shows Intuitive Machines SVP and CTO Timothy Price Crain II selling 150,000 shares on June 18 for $3.28 million under a Rule 10b5-1 plan adopted in September 2025. This follows an earlier June 23 report of Sonic Automotive CFO Heath Byrd selling 5,061 shares on June 2 for roughly $430,185, also under a pre-arranged plan. Both transactions are framed as routine liquidity events rather than negative signals, occurring as each company reports record revenue, strong backlogs, and positive operating momentum with shares near multi-year highs.