SCHEDULE 13D/A: Major Shareholder Updates Stake in Innovative Solutions & Support, Reports 12.6% Ownership
Schedule 13D Amendment
Christopher Harborne and Klear Kite LLC have filed Amendment No. 5 to their Schedule 13D, reaffirming their beneficial ownership of 12.6% of Innovative Solutions & Support Inc.'s common stock.
Summary
- Christopher Harborne and Klear Kite LLC, as reporting persons, have filed Amendment No. 5 to their Schedule 13D concerning their interest in Innovative Solutions & Support Inc. (ISSC).
- The filing updates their beneficial ownership to 2,216,198 shares of Common Stock, representing approximately 12.6% of the outstanding shares.
- This percentage is calculated based on 17,604,155 shares of ISSC outstanding as of May 1, 2025, as reported in the Company's Form 10-Q filed on May 15, 2025.
- Klear Kite LLC directly holds these shares, with Mr. Harborne being the sole member of Klear Kite, and both share voting and investment power over the shares.
- The filing notes that transactions in the shares effected by the reporting persons during the past sixty days are detailed in Exhibit 99.4 (Schedule A), which was incorporated by reference, and all transactions were conducted in the open market.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing updating beneficial ownership information. It does not contain positive or negative performance indicators or strategic announcements that would significantly sway sentiment.
Future Outlook
NA
Industry Context
This filing is a routine regulatory disclosure by a significant shareholder, providing an updated snapshot of their ownership stake in Innovative Solutions & Support Inc. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides updated information on a significant ownership stake, which can influence perceptions of control and investor confidence. The mention of open market transactions in the past 60 days (though not detailed) suggests potential liquidity or price impact from buying/selling activity by a large holder.
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 ISSC were outstanding, used for beneficial ownership calculation. |
| 2025-05-15 | Date Company's quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2025, was filed with the SEC, reporting outstanding shares. |
| 2025-06-04 | Date of event which required the filing of this Amendment No. 5. |
| 2025-06-06 | Date of signature for Amendment No. 5 filing. |
Keywords
Innovative Solutions & Support Inc., ISSC, Schedule 13D, Beneficial Ownership, Shareholder, Common Stock, SEC Filing, Klear Kite LLC, Christopher Harborne, Investment
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