Shahram Askarpour - 22 Feb 2024 Form 4 Insider Report for INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)

Role
CHIEF EXECUTIVE OFFICER
Signature
/s/ Relland M. Winand, Attorney in fact for Shahram Askarpour
Issuer symbol
ISSC
Transactions as of
22 Feb 2024
Transactions value $
$0
Form type
4
Filing time
26 Feb 2024, 20:46:03 UTC
Previous filing
13 Jan 2023
Next filing
22 Nov 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ISSC Restricted Stock Units Award $0 +40K $0.00 40K 22 Feb 2024 Common Stock 40K Direct F1, F2
transaction ISSC Non-Qualified Stock Option (Right to Buy) Award $0 +25K $0.00 25K 22 Feb 2024 Common Stock 25K $8.12 Direct F3
transaction ISSC Non-Qualified Stock Option (Right to Buy) Award $0 +72K $0.00 72K 22 Feb 2024 Common Stock 72K $8.12 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The RSUs were granted pursuant to the Company's 2019 Stock-Based Incentive Compensation Plan. Each RSU represents the right to receive one share of Common Stock, subject to adjustment as provided in the Award Agreement.
F2 The RSUs are scheduled to vest in accordance with the following schedule: 25% on each of the first four anniversaries of the grant date, subject to continued employment by the reporting person.
F3 The non-qualified stock option was granted pursuant to the Company's 2019 Stock-Based Incentive Compensation Plan. The option vested immediately on the date of grant.
F4 The non-qualified stock option was granted pursuant to the Company's 2019 Stock-Based Incentive Compensation Plan. The option is scheduled to vest in accordance with the following schedule: 25% on each of the first four anniversaries of the grant date, subject to continued employment by the reporting person.