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  4. [Form 4] IRIDEX CORP Insider Trading Activity

IRIDEX Corp (NASDAQ: IRIX) 10% holder issued 137,333 shares as interest

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

Rhea-AI Filing Summary

IRIDEX Corp reported an insider ownership change involving a major shareholder. On July 1, 2025, Novel Inspiration International Co., Ltd., identified as a 10% owner of IRIDEX (IRIX), was issued 137,333 shares of common stock.

The Form 4 states that these shares were issued as a quarterly interest payment on a Convertible Promissory Note dated March 19, 2025 between IRIDEX and Novel Inspiration. The shares were received at a stated price of $0.00 per share, and the filing shows 137,333 shares beneficially owned following the transaction, held directly by Novel Inspiration.

The report is filed jointly by Novel Inspiration and Shih-Yao David Lin, who is described as the sole officer, director and stockholder of Novel Inspiration, linking his interests to this 10% ownership position.

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 137,333 $0.00 $0.00
Holdings After Transaction: Common Stock — 137,333 shares (Direct)
Footnotes (3)
  1. F1. 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. F2. 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. F3. The shares are owned directly by Novel Inspiration.

FAQ

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

The filing reports that Novel Inspiration International Co., Ltd., a 10% owner of IRIDEX, was issued 137,333 shares of common stock on July 1, 2025, coded as transaction type J and reported at a price of $0.00 per share.

Why did Novel Inspiration receive 137,333 IRIDEX (IRIX) shares?

According to the disclosure, the 137,333 shares were issued to Novel Inspiration as a quarterly interest payment on a Convertible Promissory Note that IRIDEX issued to Novel Inspiration on March 19, 2025.

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

The footnotes state that the shares are owned directly by Novel Inspiration International Co., Ltd.. The Form 4 is filed jointly by Novel Inspiration and Shih-Yao David Lin, who is described as Novel Inspiration’s sole officer, director and stockholder.

How many IRIDEX (IRIX) shares does the reporting owner hold after this transaction?

Following the reported transaction, the Form 4 shows 137,333 shares of IRIDEX common stock beneficially owned, held directly by Novel Inspiration International Co., Ltd.

What is the relationship of the reporting persons to IRIDEX (IRIX)?

The reporting persons, Novel Inspiration International Co., Ltd. and Shih-Yao David Lin, are each identified as 10% owners of IRIDEX under the ownership status section of the report.

Did Novel Inspiration pay cash for the 137,333 IRIDEX (IRIX) shares?

No cash purchase price is indicated. The filing reports a transaction price of $0.00 per share and explains that the shares were issued as a quarterly interest payment on a Convertible Promissory Note.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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)
07/01/2025
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) 07/01/2025 J(2) 137,333 A (2) 137,333 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