Jeffrey DiGiovanni - Apr 8, 2024 Form 4 Insider Report for INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ John D. Martini (Attorney-in-fact)
Stock symbol
ISSC
Transactions as of
Apr 8, 2024
Transactions value $
$0
Form type
4
Date filed
4/10/2024, 04:53 PM
Previous filing
Nov 4, 2022
Next filing
Jun 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISSC Restricted Stock Units Award $0 +35.4K $0.00 35.4K Apr 8, 2024 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 Non-Qualified Stock Option (Right to Buy) Award $0 +64.6K $0.00 64.6K Apr 8, 2024 Common Stock 64.6K $7.06 Direct F2
* 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. The RSUs are scheduled to vest in accordance with the following schedule: 1/4th on the first anniversary of the grant date and 1/12th on each quarterly anniversary of the grant date thereafter, subject to continued employment by the reporting person.
F2 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: 1/4th on the first anniversary of the grant date and 1/12th on each quarterly anniversary of the grant date thereafter, subject to continued employment by the reporting person.

Remarks:

The Power of Attorney dated April 8, 2024 is incorporated herein by reference.