Form 4: Innovative Solutions & Support Director Sells Over 90,000 Shares Under Pre-Arranged Plan

Christopher Harborne, a Director and 10% owner of Innovative Solutions & Support Inc. (ISSC), reported the sale of 90,655 shares of common stock on June 25, 2025, at $12.9217 per share, executed under a Rule 10b5-1 trading plan.

Summary

• Christopher Harborne, a Director and 10% owner of Innovative Solutions & Support Inc. (ISSC), reported a transaction involving the company's common stock.
• On June 25, 2025, Mr. Harborne disposed of 90,655 shares of common stock.
• The shares were sold at a price of $12.9217 per share.
• Following this transaction, Mr. Harborne beneficially owns 1,860,586 shares of common stock indirectly through Klear Kite LLC, where he is the sole member.
• The transaction was conducted pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled sale.

Sentiment

Score: 6

Explanation: While an insider sale can be perceived negatively, the disclosure that it was executed under a Rule 10b5-1 plan mitigates concerns that the sale is based on new, adverse information, making the overall sentiment neutral to slightly positive regarding transparency.

Positives

• The transaction was made pursuant to a Rule 10b5-1(c) plan, which suggests the sale was pre-scheduled and not based on new, undisclosed material information.

Negatives

• A significant sale of 90,655 shares by a Director and 10% owner could be perceived negatively by the market, as it reduces insider ownership.

Risks

• Potential negative market perception due to a significant insider sale, which could lead to short-term stock price volatility.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The sale of shares by Christopher Harborne, a Director and 10% owner, is a related party transaction.
• The beneficial ownership of 1,860,586 shares is held indirectly through Klear Kite LLC, a Delaware limited liability company whose sole member is Christopher Harborne, indicating a related party holding structure.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a signal, potentially leading to short-term price fluctuations. However, the 10b5-1 plan may alleviate concerns about the sale's implications.

Key Dates

Keywords

Innovative Solutions & Support, ISSC, SEC Form 4, Insider Trading, Stock Sale, Christopher Harborne, Beneficial Ownership, Director, 10% Owner, Rule 10b5-1 Plan, Equity Transaction