SCHEDULE: Major Shareholder Divests Innovative Eyewear Stake

Vladimir and Angelica Galkin are divesting their 17.5% stake in Innovative Eyewear Inc., citing unattractive business prospects and strategy.

Summary

• Vladimir and Angelica Galkin, collectively referred to as the "Reporting Persons," have filed Amendment No. 7 to their Schedule 13D regarding their beneficial ownership in Innovative Eyewear Inc.
• The Reporting Persons currently beneficially own 938,770 shares of Common Stock, representing approximately 17.5% of the Issuer's 5,350,183 outstanding shares as of November 6, 2025.
• Effective December 11, 2025, the Reporting Persons sold approximately 1.1% of the Issuer's outstanding common stock through open market transactions.
• They no longer believe Innovative Eyewear Inc. represents an attractive investment due to its business prospects and strategy.
• The Reporting Persons intend to divest their remaining shares of common stock in open market transactions over the next six months.
• They do not expect to have further communications with the Issuer's board, management, or other shareholders regarding operational, strategic, financial, or governance matters.
• This action represents a significant change in their investment purpose from the initial filing.

Sentiment

Score: 2

Explanation: The sentiment is highly negative for Innovative Eyewear Inc. A major shareholder is divesting their entire stake, explicitly stating a lack of belief in the company's "business prospects and strategy." This signals a significant loss of confidence and will likely exert downward pressure on the stock.

Negatives

• A major shareholder, Vladimir and Angelica Galkin, is divesting their entire 17.5% stake in Innovative Eyewear Inc.
• The divestment is explicitly due to the Reporting Persons no longer believing the Issuer represents an attractive investment based on its business prospects and strategy.
• The Reporting Persons have already sold approximately 1.1% of the outstanding common stock.
• They intend to sell their remaining 17.5% stake over the next six months, indicating sustained selling pressure.
• This action signifies a loss of confidence from a significant investor.
• The Reporting Persons do not plan further engagement with the company's management or board, suggesting a complete disengagement.

Risks

• Significant selling pressure on Innovative Eyewear Inc.'s stock price as the Reporting Persons divest their remaining 17.5% stake over the next six months.
• Negative market sentiment and loss of investor confidence due to a major shareholder's public declaration that the company is no longer an attractive investment.
• Potential for increased volatility in the stock price as a large block of shares enters the market.
• The stated reason for divestment, "Issuer's business prospects and strategy," suggests underlying operational or strategic challenges for Innovative Eyewear Inc.

Future Outlook

The Reporting Persons intend to divest their remaining 17.5% stake in Innovative Eyewear Inc. over the next six months through open market transactions. They do not anticipate further engagement with the company's management, board, or other shareholders regarding strategic or operational matters.

Management Comments

• The Reporting Persons no longer believe that the Issuer represents an attractive investment based on the Issuer's business prospects and strategy.
• The Reporting Persons intend to divest of their remaining shares of common stock in open market transactions over the next six (6) months.
• The Reporting Persons do not expect to have further communications with the board of directors of the Issuer, members of management and/or other shareholders with respect to operational, strategic, financial or governance matters.

Industry Context

This filing primarily reflects a significant shareholder's change in investment thesis regarding Innovative Eyewear Inc. It does not provide specific details to analyze broader industry trends or competitive landscape, beyond the implication that the company's "business prospects and strategy" are deemed unattractive by a major investor.

Stakeholder Impact

• Shareholders: Likely negative impact on share price due to sustained selling pressure and loss of confidence from a major investor. Existing shareholders may question the company's prospects.
• Management/Board: The explicit statement about unattractive "business prospects and strategy" from a significant shareholder could put pressure on management and the board to address these concerns.
• Potential Investors: May deter new investors who see a major shareholder exiting due to fundamental concerns.

Next Steps

• Vladimir and Angelica Galkin plan to divest their remaining 938,770 shares (17.5% stake) in Innovative Eyewear Inc. through open market transactions over the next six months.

Key Dates

Recommendation

The decision by a significant beneficial owner (17.5% stake) to fully divest their holdings, explicitly citing a lack of belief in the Issuer's "business prospects and strategy," is a strong negative signal. This indicates a fundamental loss of confidence from an informed investor. The planned divestment of the remaining shares over the next six months will create sustained selling pressure on the stock. For a seasoned investor, this action suggests significant underlying issues and a strong rationale to exit or avoid the stock.

Keywords

Innovative Eyewear, 13D, beneficial ownership, stock sale, insider selling, Galkin, divestment, investment strategy, common stock