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

Christopher Harborne, a director at Innovative Solutions & Support Inc., sold 6,713 shares of common stock at $11.3172 per share on January 24, 2025.

Summary

• Christopher Harborne, a director of Innovative Solutions & Support Inc., executed a sale of 6,713 shares of the company's common stock.
• The transaction occurred on January 24, 2025, with the shares being sold at a price of $11.3172 each.
• Following the transaction, Mr. Harborne indirectly owns 2,424,857 shares through Klear Kite LLC, a Delaware limited liability company where he is the sole member.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for a share sale by a director. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders when they trade company stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The sale of 6,713 shares is a relatively small transaction compared to the total shares held by the director, which is 2,424,857 shares.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but the transaction is relatively small.

Key Dates

Keywords

insider trading, share sale, Form 4, Christopher Harborne, Innovative Solutions & Support Inc., ISSC, director