SCHEDULE 13D/A: Key Investor Christopher Harborne and Klear Kite LLC Maintain Significant Stake in Innovative Solutions & Support, Ownership Percentage Rises to 11.1%
Beneficial Ownership Amendment
Christopher Harborne and Klear Kite LLC have filed an Amendment No. 6 to their Schedule 13D, reporting a beneficial ownership of 1,951,241 shares, representing 11.1% of Innovative Solutions & Support Inc.'s common stock.
Summary
- Christopher Harborne and Klear Kite LLC collectively beneficially own 1,951,241 shares of Innovative Solutions & Support Inc. (ISSC) common stock.
- This ownership represents approximately 11.1% of the company's outstanding shares.
- The percentage is calculated based on 17,604,155 shares outstanding as of May 1, 2025, as reported in the company's Form 10-Q filed on May 15, 2025.
- Klear Kite LLC holds the shares directly, with Christopher Harborne being the sole member of Klear Kite LLC, sharing voting and investment power over all shares.
- All reported transactions in shares since the filing of Amendment No. 5 were effected in the open market through various brokerage entities.
Sentiment
Score: 6
Explanation: The sentiment is moderately positive. While the filing is a routine update, the slight increase in percentage ownership (due to a reduced share count) for a significant investor can be interpreted as a positive signal of continued commitment and proportional influence, without any negative disclosures.
Positives
- The reporting persons maintain a substantial beneficial ownership stake, indicating continued commitment to the company.
- The beneficial ownership percentage slightly increased from 11.0% to 11.1%, primarily due to a decrease in the total number of outstanding shares, which could be viewed positively as it consolidates the reporting persons' proportional ownership.
Future Outlook
The document does not provide any forward-looking statements or guidance from the company or the reporting persons regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine update by a significant beneficial owner and does not provide specific insights into broader industry trends or competitive landscape beyond the investor's continued interest in the aerospace and defense technology sector, where Innovative Solutions & Support Inc. operates.
Stakeholder Impact
- Shareholders: The continued significant stake held by Christopher Harborne and Klear Kite LLC may provide a sense of stability and long-term commitment from a major investor. The slight increase in their proportional ownership could be seen as a positive for existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 2022-09-13 | Original Schedule 13D filed with the SEC. |
| 2022-09-23 | Amendment No. 1 to Schedule 13D filed with the SEC. |
| 2023-02-17 | Amendment No. 2 to Schedule 13D filed with the SEC. |
| 2024-05-24 | Amendment No. 3 to Schedule 13D filed with the SEC. |
| 2025-01-27 | Amendment No. 4 to Schedule 13D filed with the SEC. |
| 2025-05-01 | Date as of which 17,604,155 shares of the Company's common stock were outstanding, used for percentage calculation. |
| 2025-05-15 | Date the Company's quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2025, was filed with the SEC. |
| 2025-06-06 | Amendment No. 5 to Schedule 13D filed with the SEC. |
| 2025-06-23 | Date of event which required the filing of this statement (Amendment No. 6). |
| 2025-06-25 | Date of signing for Amendment No. 6 by Christopher Harborne and Klear Kite LLC. |
Recommendation
holdKeywords
Innovative Solutions & Support Inc., ISSC, Christopher Harborne, Klear Kite LLC, Schedule 13D, Beneficial Ownership, Common Stock, SEC Filing, Shareholder Stake, Investment
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