SCHEDULE: Major Shareholder Updates Stake in Innovative Solutions & Support, Reports 5.5% Beneficial Ownership
Schedule 13D Amendment
Christopher Harborne and Klear Kite LLC have filed an Amendment No. 9 to their Schedule 13D, disclosing a beneficial ownership of 5.5% in Innovative Solutions & Support Inc., totaling 959,327 shares.
Summary
- Christopher Harborne and Klear Kite LLC, the reporting persons, have filed Amendment No. 9 to their Schedule 13D regarding their beneficial ownership in INNOVATIVE SOLUTIONS & SUPPORT INC.
- As of the filing, Christopher Harborne and Klear Kite LLC each beneficially own 959,327 shares of Common Stock, representing approximately 5.5% of the outstanding shares.
- These shares are held directly by Klear Kite LLC, with both Mr. Harborne and Klear Kite LLC sharing voting and investment power over them.
- 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 for the fiscal quarter ended March 31, 2025.
- Transactions in shares effected by the Reporting Persons since the filing of Amendment No. 8 are detailed in Exhibit 99.8, Schedule A, and were conducted in the open market through various brokerage entities.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the company's performance or outlook. While it is an amendment, the document itself does not provide the context of previous ownership percentages to determine if the change is positive or negative.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of beneficial ownership changes, common across all publicly traded sectors, and does not provide specific industry-related insights or trends.
Stakeholder Impact
- Primarily impacts shareholders by providing transparency on significant beneficial ownership, which can influence market perception and trading activity.
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. |
| 2025-03-31 | End of fiscal quarter for which the Company's Form 10-Q was filed. |
| 2025-05-01 | Date as of which 17,604,155 shares of the Company's common stock were outstanding. |
| 2025-05-15 | Company's quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2025, filed with the SEC. |
| 2025-06-06 | Amendment No. 5 to Schedule 13D filed with the SEC. |
| 2025-06-25 | Amendment No. 6 to Schedule 13D filed with the SEC. |
| 2025-07-01 | Amendment No. 7 to Schedule 13D filed with the SEC. |
| 2025-07-07 | Amendment No. 8 to Schedule 13D filed with the SEC. |
| 2025-07-08 | Date of event which requires filing of this statement (Amendment No. 9). |
| 2025-07-10 | Date of signature for Amendment No. 9 filing. |
Keywords
Innovative Solutions & Support Inc, ISSI, Schedule 13D, beneficial ownership, Christopher Harborne, Klear Kite LLC, common stock, SEC filing, shareholder update
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