IRIDEX pays note interest with 146,313 shares

IRIDEX Corp. reports that Novel Inspiration International Co., Ltd., a 10% owner, acquired 146,313 common shares on October 2, 2026, as a quarterly interest payment on a Convertible Promissory Note issued by IRIDEX on March 19, 2025.

Rhea-AI Filing Summary

IRIDEX Corp. reports that Novel Inspiration International Co., Ltd., a 10% owner, acquired 146,313 common shares on October 2, 2026, as a quarterly interest payment on a Convertible Promissory Note issued by IRIDEX on March 19, 2025. Novel Inspiration directly owned 697,742 shares after the transaction. Lin Shih-Yao David, also identified as a 10% owner, is Novel Inspiration’s sole officer, director and stockholder.

Insider Trade Summary

Other: 146,313 shares

Other 1 txn

Insider Novel Inspiration International Co., Ltd., Lin Shih-Yao David

Role 10% Owner | 10% Owner

Type	Security	Shares	Price	Value
Other	Common Stock F1, F2, F3	146,313	--	--

Holdings After Transaction: Common Stock — 697,742 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.

Key Figures

Shares acquired: 146,313 shares Shares owned after transaction: 697,742 shares Transaction date: October 2, 2026 +1 more

4 metrics

Shares acquired 146,313 shares Novel Inspiration; quarterly interest payment on October 2, 2026

Shares owned after transaction 697,742 shares Directly owned by Novel Inspiration after the October 2, 2026 transaction

Transaction date October 2, 2026 Date of the share acquisition

Promissory note issue date March 19, 2025 Date the Convertible Promissory Note was issued to Novel Inspiration

Key Terms

Convertible Promissory Note, quarterly interest payment, owned directly

3 terms

Convertible Promissory Note financial

"quarterly interest payment on the Convertible Promissory Note"

A convertible promissory note is a loan a company takes now that can later be turned into shares instead of being repaid in cash. Think of it as lending money with the option to accept ownership in the business down the road; that matters to investors because it affects who gets paid first, how much ownership existing shareholders keep, and the company’s future valuation and cash needs. Terms such as conversion price, interest and maturity determine the financial impact.

quarterly interest payment financial

"issued as a quarterly interest payment"

owned directly financial

"The shares are owned directly by Novel Inspiration"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many IRIX shares did Novel Inspiration acquire?

Novel Inspiration International Co., Ltd. acquired 146,313 IRIDEX common shares on October 2, 2026, as a quarterly interest payment on a Convertible Promissory Note. It directly owned 697,742 shares after the transaction.

When was Novel Inspiration’s IRIX promissory note issued?

The Convertible Promissory Note was issued on March 19, 2025, by IRIDEX to Novel Inspiration International Co., Ltd.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/13/2026 - 08:30 AM EDT Accepted by SEC EDGAR 10/13/2026 - 08:30 AM EDT Learn about SEC filing dates

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 VG1110

(City) (State) (Zip)

VIRGIN ISLANDS, BRITISH

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	10/02/2026		J(2)		146,313	A	(2)	697,742	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 VG1110

(City) (State) (Zip)

VIRGIN ISLANDS, BRITISH

(Country)

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 VG1110

(City) (State) (Zip)

VIRGIN ISLANDS, BRITISH

(Country)

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	10/13/2026
	/s/ Shih-Yao David Lin	10/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)