Innovative Solutions CEO granted 68,966 PSUs

Askarpour Shahram reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 07/15/2026 - 05:11 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Askarpour Shahram reported acquisition or exercise transactions in this Form 4 filing.

INNOVATIVE SOLUTIONS & SUPPORT INC granted its Chief Executive Officer, Shahram Askarpour, a grant of 68,966 Performance Stock Units on common stock. Each unit is a contingent right to one share and vests in three equal annual tranches on the first, second, and third anniversaries of the grant date, subject to specified share-price conditions, and expires on 2036-07-14.

Insider Trade Summary

Grant/Award: 68,966 shares

Grant/Award 1 txn

Insider Askarpour Shahram

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Performance Stock Units F1	68,966	$0.00	$0.00

Holdings After Transaction: Performance Stock Units — 68,966 contracts (Direct)

Footnotes (1)

1. F1. Each Performance Stock Unit represents a contingent right to receive one share of issuer common stock. The Performance Stock Units vest in equal tranches on each of the first, second and third anniversary of the date of grant, subject to the issuer's common stock achieving specified prices per share.

Key Figures

Performance Stock Units granted: 68,966 units Transaction price per unit: $0.0000 Underlying common shares: 68,966 shares +3 more

6 metrics

Performance Stock Units granted 68,966 units Grant to CEO Shahram Askarpour on 2026-07-14

Transaction price per unit $0.0000 Award price for Performance Stock Units

Underlying common shares 68,966 shares Each unit represents one share of common stock

Units outstanding after grant 68,966 units Total Performance Stock Units held directly after transaction

Expiration date 2036-07-14 Expiration of granted Performance Stock Units

Vesting tranches 3 Vest in equal tranches on first, second and third anniversaries of grant

Key Terms

Performance Stock Units, contingent right, vest in equal tranches

3 terms

Performance Stock Units financial

"Each Performance Stock Unit represents a contingent right to one share"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

contingent right financial

"represents a contingent right to receive one share of issuer common stock"

vest in equal tranches financial

"The Performance Stock Units vest in equal tranches on each of the first, second and third anniversary"

FAQ

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

What insider transaction did ISSC CEO Shahram Askarpour report?

Shahram Askarpour reported a grant of 68,966 Performance Stock Units in Innovative Solutions & Support Inc. The award is compensation-based, carries a price of $0.0000 per unit, and does not reflect any open-market purchase or sale of ISSC common stock.

How many Performance Stock Units were granted to ISSC CEO Shahram Askarpour?

The ISSC CEO received 68,966 Performance Stock Units. Each unit represents a contingent right to receive one share of Innovative Solutions & Support common stock, subject to vesting over three years and the company’s stock achieving specified per‑share price targets.

How do the ISSC Performance Stock Units granted to the CEO vest?

The Performance Stock Units vest in three equal tranches. Vesting occurs on each of the first, second, and third anniversaries of the grant date, and is conditioned on Innovative Solutions & Support common stock achieving specified prices per share before the units become shares.

What does each Performance Stock Unit represent for ISSC common stock?

Each Performance Stock Unit represents a contingent right to one share of Innovative Solutions & Support common stock. Delivery of the share depends on the unit vesting, which requires time-based milestones and specified stock-price performance conditions to be satisfied.

When do the ISSC CEO’s Performance Stock Units expire?

The granted Performance Stock Units carry an expiration date of 2036-07-14. If vesting and performance conditions are not met or units remain unconverted by that date, the contingent rights to receive Innovative Solutions & Support common stock will lapse according to award terms.

Is the ISSC Form 4 transaction an open-market stock trade?

No. The Form 4 reports a compensation grant of 68,966 Performance Stock Units at a price of $0.0000 per unit. It does not involve an open-market purchase or sale of Innovative Solutions & Support Inc. common shares by the CEO.

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

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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^*

Askarpour Shahram

(Last) (First) (Middle)

C/O INNOVATIVE SOLUTIONS & SUPPORT, INC.

720 PENNSYLVANIA DRIVE

(Street)

EXTON PENNSYLVANIA 19341

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
INNOVATIVE SOLUTIONS & SUPPORT INC [ ISSC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/14/2026

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

X	Form filed by One Reporting Person
	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

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
Performance Stock Units	(1)	07/14/2026		A		68,966		(1)	07/14/2036	Common Stock	68,966	$0	68,966	D

Explanation of Responses:

1. Each Performance Stock Unit represents a contingent right to receive one share of issuer common stock. The Performance Stock Units vest in equal tranches on each of the first, second and third anniversary of the date of grant, subject to the issuer's common stock achieving specified prices per share.

	/s/ Jeffrey DiGiovanni (attorney-in-fact)	07/15/2026
	** 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)