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  4. [Form 4] IRIDEX CORP Insider Trading Activity

IRIDEX (NASDAQ: IRIX) grants 116,540 shares as note interest

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

IRIDEX Corporation reported an insider share issuance involving a major holder. On 01/02/2026, Novel Inspiration International Co., Ltd., a 10% owner, received 116,540 shares of IRIDEX common stock at a stated price of $0 per share as reflected in the Form 4.

The filing explains that these shares were issued as a quarterly interest payment on a Convertible Promissory Note dated March 19, 2025 between IRIDEX and Novel Inspiration. After this transaction, Novel Inspiration is shown as beneficially owning 351,483 shares of IRIDEX common stock. The Form 4 is filed jointly by Novel Inspiration and Shih‑Yao David Lin, who is the sole officer, director and stockholder of Novel Inspiration, while the shares are owned directly by Novel Inspiration.

Positive

  • None.

Negative

  • None.
Insider Novel Inspiration International Co., Ltd., Lin Shih-Yao David
Role 10% Owner | 10% Owner
Type Security Shares Price Value
Other Common Stock 116,540 $0.00 --
Holdings After Transaction: Common Stock — 351,483 shares (Direct)
Footnotes (1)
  1. This Form 4 is filed jointly by Novel Inspiration International Co., Ltd. ("Novel Inspiration") and Shih-Yao David Lin. Mr. Lin is the sole officer, director and stockholder of Novel Inspiration. The shares were issued as a quarterly interest payment on the Convertible Promissory Note issued March 19, 2025 by the Issuer to Novel Inspiration. The shares are owned directly by Novel Inspiration.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Novel Inspiration International Co., Ltd.
(Last) (First) (Middle)
VISTRA CORPORATE SERVICES CENTER
WICKHAMS CAY II
(Street)
ROAD TOWN, TORTOLA D8 VG1110
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
IRIDEX CORP [ IRIX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 01/02/2026 J(2) 116,540 A (2) 351,483 D(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Novel Inspiration International Co., Ltd.
(Last) (First) (Middle)
VISTRA CORPORATE SERVICES CENTER
WICKHAMS CAY II
(Street)
ROAD TOWN, TORTOLA D8 VG1110
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Lin Shih-Yao David
(Last) (First) (Middle)
VISTRA CORPORATE SERVICES CENTER
WICKHAMS CAY II
(Street)
ROAD TOWN, TORTOLA D8 VG1110
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. This Form 4 is filed jointly by Novel Inspiration International Co., Ltd. ("Novel Inspiration") and Shih-Yao David Lin. Mr. Lin is the sole officer, director and stockholder of Novel Inspiration.
2. The shares were issued as a quarterly interest payment on the Convertible Promissory Note issued March 19, 2025 by the Issuer to Novel Inspiration.
3. The shares are owned directly by Novel Inspiration.
Novel Inspiration International Co., Ltd, By: /s/ Shih-Yao David Lin, Chief Executive Officer 01/08/2026
/s/ Shih-Yao David Lin 01/08/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did IRIDEX (IRIX) report in this Form 4?

The Form 4 shows that Novel Inspiration International Co., Ltd., a 10% owner of IRIDEX, received 116,540 shares of common stock on 01/02/2026.

Why did Novel Inspiration receive 116,540 IRIDEX (IRIX) shares?

The filing states the 116,540 shares were issued as a quarterly interest payment on a Convertible Promissory Note dated March 19, 2025 between IRIDEX and Novel Inspiration.

How many IRIDEX (IRIX) shares does Novel Inspiration own after this transaction?

After the reported transaction, Novel Inspiration is shown as beneficially owning 351,483 shares of IRIDEX common stock.

Who are the reporting persons in this IRIDEX (IRIX) Form 4?

The Form 4 is filed jointly by Novel Inspiration International Co., Ltd. and Shih‑Yao David Lin, who is described as the sole officer, director and stockholder of Novel Inspiration.

Who directly owns the IRIDEX (IRIX) shares reported in this Form 4?

The filing notes that the shares are owned directly by Novel Inspiration International Co., Ltd.

What transaction code is used for the IRIDEX (IRIX) Form 4 entry?

The transaction is reported with transaction code "J" for 116,540 shares of common stock, indicating an acquisition reported as a non-derivative transaction.