SCHEDULE: Major Shareholder Exits Position in Innovative Solutions & Support Inc.
Beneficial Ownership Change
Christopher Harborne and Klear Kite LLC have fully divested their stake in Innovative Solutions & Support Inc., ceasing to be beneficial owners of more than 5% of the company's outstanding shares.
Summary
- Reporting persons Christopher Harborne and Klear Kite LLC have filed Amendment No. 10 to their Schedule 13D.
- This amendment signifies their complete divestment from Innovative Solutions & Support Inc.
- As of July 10, 2025, they ceased to be beneficial owners of more than 5% of the company's outstanding shares.
- They now beneficially own 0 shares, representing 0% of the outstanding shares.
- The calculation of percentages is based on 17,604,155 shares outstanding as of May 1, 2025, as reported in the Company's quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2025.
- All transactions in the shares since Amendment No. 9 were conducted in the open market through various brokerage entities.
- This filing is the final amendment to their Schedule 13D, serving as an exit filing for the Reporting Persons.
Sentiment
Score: 5
Explanation: Neutral. This filing is a factual report of a shareholder's complete divestment, which is neither inherently positive nor negative for the company's operations or financial health. It simply reflects a change in ownership structure.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The divestment by a significant shareholder could lead to market speculation regarding the reasons for the exit, potentially impacting share price volatility. It also means a large block of shares has been sold into the market.
Next Steps
- This Amendment No. 10 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons, indicating no further filings are expected from these specific reporting persons regarding their beneficial ownership of the company's shares.
Key Dates
| Date | Description |
|---|---|
| 2022-09-13 | Original Schedule 13D filed by Reporting Persons. |
| 2022-09-23 | Amendment No. 1 to Schedule 13D filed. |
| 2023-02-17 | Amendment No. 2 to Schedule 13D filed. |
| 2024-05-24 | Amendment No. 3 to Schedule 13D filed. |
| 2025-01-27 | Amendment No. 4 to Schedule 13D filed. |
| 2025-03-31 | Fiscal quarter ended for the Company's quarterly report on Form 10-Q. |
| 2025-05-01 | Date as of which 17,604,155 shares were outstanding, used for beneficial ownership calculation. |
| 2025-05-15 | Company's quarterly report on Form 10-Q filed with the SEC. |
| 2025-06-06 | Amendment No. 5 to Schedule 13D filed. |
| 2025-06-25 | Amendment No. 6 to Schedule 13D filed. |
| 2025-07-01 | Amendment No. 7 to Schedule 13D filed. |
| 2025-07-07 | Amendment No. 8 to Schedule 13D filed. |
| 2025-07-10 | Amendment No. 9 to Schedule 13D filed; Reporting Persons ceased to be beneficial owners of more than 5% of outstanding shares. |
| 2025-07-11 | Date of event requiring the filing of this statement (Amendment No. 10). |
| 2025-07-15 | Signature date for Amendment No. 10. |
Recommendation
holdKeywords
Innovative Solutions & Support Inc, ISSI, Schedule 13D, beneficial ownership, divestment, shareholder exit, Christopher Harborne, Klear Kite LLC, SEC filing, common stock
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