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

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

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ISSC	Restricted Stock Units	Award	$0	+40,024	$0.000000	40,024	22 Feb 2024	Common Stock	40,024		Direct	F1, F2
transaction	ISSC	Non-Qualified Stock Option (Right to Buy)	Award	$0	+25,000	$0.000000	25,000	22 Feb 2024	Common Stock	25,000	$8.12	Direct	F3
transaction	ISSC	Non-Qualified Stock Option (Right to Buy)	Award	$0	+72,014	$0.000000	72,014	22 Feb 2024	Common Stock	72,014	$8.12	Direct	F4

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

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.