Form 4: Christopher Harborne Sells Innovative Solutions & Support Inc. Shares

Christopher Harborne, a director and 10% owner of Innovative Solutions & Support Inc., sold 63,368 shares of common stock at a price of $11.2122 per share on February 4, 2025.

Summary

• On February 4, 2025, Christopher Harborne, a director and 10% owner of Innovative Solutions & Support Inc. (ISSC), sold 63,368 shares of common stock.
• The sale price was $11.2122 per share.
• Following the transaction, Harborne indirectly owns 2,311,615 shares through Klear Kite LLC, a Delaware limited liability company where he is the sole member.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't indicate positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a publicly traded company buy or sell the company's securities. This provides transparency to the market regarding the actions of company directors and significant shareholders.

Stakeholder Impact

• The sale of shares by a significant shareholder could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold compared to the total shares outstanding.

Key Dates

Keywords

Form 4, ISSC, Innovative Solutions & Support Inc, Christopher Harborne, Share Sale, Beneficial Ownership, Klear Kite LLC