Shahram Askarpour - Jan 11, 2023 Form 4 Insider Report for INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)

Role: Chief Executive Officer
Signature: /s/ Michael Linacre, Attorney in fact for Shahram Askarpour
Stock symbol: ISSC
Transactions as of: Jan 11, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/13/2023, 08:30 PM
Next filing: Feb 26, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ISSC	Common Stock	Award	$0	+100K	+51.96%	$0.00	292K	Jan 11, 2023	Direct	F1

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	Employee Stock Option	Award	$0	+200K		$0.00	200K	Jan 11, 2023	Common Stock	200K	$8.19	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant of restricted stock units under the Innovative Solutions & Support, Inc. 2019 Stock-Based Incentive Compensation Plan, each of which represents a contingent right to receive one share of Innovative Solutions & Support, Inc. common stock. The restricted stock units were granted effective January 11, 2023. 25,000 of the restricted stock units vested immediately on the grant date; the remaining 75,000 vest on a quarterly basis, and will be fully vested three years from the grant date.
F2	Grant of stock options pursuant to the 2019 Stock-Based Incentive Compensation Plan. 100,000 of the options vested immediately on the grant date; the remaining 100,000 options vest on a quarterly basis, and will be fully vested one year from the grant date.

Content

Grant of restricted stock units under the Innovative Solutions & Support, Inc. 2019 Stock-Based Incentive Compensation Plan, each of which represents a contingent right to receive one share of Innovative Solutions & Support, Inc. common stock. The restricted stock units were granted effective January 11, 2023. 25,000 of the restricted stock units vested immediately on the grant date; the remaining 75,000 vest on a quarterly basis, and will be fully vested three years from the grant date.

Grant of stock options pursuant to the 2019 Stock-Based Incentive Compensation Plan. 100,000 of the options vested immediately on the grant date; the remaining 100,000 options vest on a quarterly basis, and will be fully vested one year from the grant date.