Michael Linacre - Aug 21, 2023 Form 4 Insider Report for INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)

Role
Chief Financial Officer
Signature
Michael Linacre
Stock symbol
ISSC
Transactions as of
Aug 21, 2023
Transactions value $
$0
Form type
4
Date filed
8/23/2023, 02:38 PM
Previous filing
Jan 13, 2023

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 +12.2K $0.00 12.2K Aug 21, 2023 Common Stock 12.2K $8.22 Direct F1
transaction ISSC Restricted Stock Units Award $0 +6.08K $0.00 6.08K Aug 21, 2023 Common Stock 6.08K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option is scheduled to vest and become exercisable annually at a rate of 25% on each anniversary of the grant date commencing on the first anniversary of the grant date, subject to continued employment by the reporting person.
F2 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.
F3 The RSUs are scheduled to vest annually at a rate of 25% on each anniversary of the grant date commencing on the first anniversary of the grant date, subject to continued employment by the reporting person.