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INNOVATIVE SOLUTIONS & SUPPORT (ISSC) CEO awarded options and stock units

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

Rhea-AI Filing Summary

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

INNOVATIVE SOLUTIONS & SUPPORT INC reported that Chief Executive Officer Shahram Askarpour received equity-based awards on February 17, 2026 under the company’s 2019 Stock-Based Incentive Compensation Plan. These awards are compensation grants, not open-market purchases.

The awards include 34,364 non-qualified stock options with staged vesting: one-quarter on the first anniversary of the grant date and the remainder in equal quarterly installments thereafter, subject to continued employment. He also received 20,171 performance stock units, which vest in three equal annual tranches only if the issuer’s common stock meets specified price targets.

In addition, Askarpour was granted 20,171 restricted stock units, each representing the right to receive one share of common stock. These RSUs vest over time, with one-third on the first anniversary of the grant date and the balance in equal quarterly installments, also conditioned on continued employment.

Positive

  • None.

Negative

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Insider Askarpour Shahram
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Non-Qualified Stock Option (Right to Buy) 34,364 $0.00 --
Grant/Award Performance Stock Units 20,171 $0.00 --
Grant/Award Restricted Stock Units 20,171 $0.00 --
Holdings After Transaction: Non-Qualified Stock Option (Right to Buy) — 34,364 shares (Direct); Performance Stock Units — 20,171 shares (Direct); Restricted Stock Units — 502,442 shares (Direct)
Footnotes (1)
  1. 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. The RSUs are scheduled to vest in accordance with the following schedule: 1/3rd on the first anniversary of the grant date and 1/8th on each quarterly anniversary of the grant date thereafter, subject to continued employment by the reporting person. The non-qualified stock option was granted pursuant to the Company's 2019 Stock-Based Incentive Compensation Plan. The option is scheduled to vest in accordance with the following schedule: 1/4th on the first anniversary of the grant date and 1/12th on each quarterly anniversary of the grant date thereafter, subject to continued employment by the reporting person. 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.
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*
Askarpour Shahram
(Last) (First) (Middle)
C/O INNOVATIVE SOLUTIONS & SUPPORT, INC.
720 PENNSYLVANIA DRIVE
(Street)
EXTON PA 19341
(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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
Restricted Stock Units 02/17/2026 A 20,171(1) A $0.00 502,442 D
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
Non-Qualified Stock Option (Right to Buy) $19.83 02/17/2026 A 34,364 (2) 02/17/2036 Common Stock 34,364 $0 34,364 D
Performance Stock Units (3) 02/17/2026 A 20,171 (3) 02/17/2036 Common Stock 20,171 $0 20,171 D
Explanation of Responses:
1. 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. The RSUs are scheduled to vest in accordance with the following schedule: 1/3rd on the first anniversary of the grant date and 1/8th on each quarterly anniversary of the grant date thereafter, subject to continued employment by the reporting person.
2. The non-qualified stock option was granted pursuant to the Company's 2019 Stock-Based Incentive Compensation Plan. The option is scheduled to vest in accordance with the following schedule: 1/4th on the first anniversary of the grant date and 1/12th on each quarterly anniversary of the grant date thereafter, subject to continued employment by the reporting person.
3. 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) 02/19/2026
** 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.
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Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did ISSC grant to its CEO Shahram Askarpour?

INNOVATIVE SOLUTIONS & SUPPORT granted CEO Shahram Askarpour stock options, performance stock units, and restricted stock units. Awards comprised 34,364 non-qualified stock options, 20,171 performance stock units, and 20,171 restricted stock units, all issued under the company’s 2019 Stock-Based Incentive Compensation Plan.

How do Shahram Askarpour’s ISSC restricted stock units vest?

The restricted stock units vest over time based on continued employment. One-third vests on the first anniversary of the grant date, and one-eighth vests on each quarterly anniversary thereafter, until fully vested, with each unit representing one share of INNOVATIVE SOLUTIONS & SUPPORT common stock.

What are the vesting terms of ISSC stock options granted to the CEO?

The non-qualified stock options vest in stages tied to service. One-quarter of the options vests on the first anniversary of the grant date, with the remaining options vesting in equal quarterly installments thereafter, provided Shahram Askarpour remains employed by INNOVATIVE SOLUTIONS & SUPPORT.

How do the ISSC performance stock units for the CEO become earned?

Each performance stock unit is a contingent right to one ISSC common share. These units vest in equal tranches on the first, second, and third anniversaries of the grant date, but only if the company’s stock reaches specified share-price levels set in the award terms.

Are the ISSC CEO’s new equity grants open-market share purchases?

No, the CEO’s new equity positions come from compensation awards, not market buying. The Form 4 shows grants of options, performance stock units, and restricted stock units issued at a price of $0.00 per unit under the company’s 2019 stock-based incentive plan.