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Innovative Solutions & Support Inc. reported that director Richard A. Silfen acquired 1,890 restricted stock units (RSUs) on February 17, 2026 as an equity award. Each RSU represents the right to receive one share of common stock.
The RSUs were granted under the company’s 2019 Stock-Based Incentive Compensation Plan and are scheduled to vest on the first anniversary of the grant date, subject to Mr. Silfen’s continued service. Following this grant, he holds 1,890 RSUs directly.
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.
DiGiovanni Jeffrey reported acquisition or exercise transactions in this Form 4 filing.
Innovative Solutions & Support Inc. Chief Financial Officer Jeffrey DiGiovanni reported equity awards granted on February 17, 2026. He received non-qualified stock options for 16,108 shares, 9,455 performance stock units, and 9,455 restricted stock units, all at a grant price of zero.
The restricted stock units vest over time, with one-third on the first anniversary of grant and then one-eighth on each quarterly anniversary, subject to continued employment. The stock options vest one-quarter on the first anniversary and one-twelfth on each quarterly anniversary thereafter. The performance stock units vest in three equal annual tranches if the company’s stock reaches specified price levels.
Innovative Solutions and Support, Inc. has filed a pre-effective amendment to a shelf registration statement that would allow it to offer and sell up to $100,000,000 of its common stock from time to time. The company will use prospectus supplements to set the specific terms, amounts and prices for each future offering.
The common stock is listed on The Nasdaq Global Select Market under the symbol “ISSC,” and the last reported sale price was $11.78 per share on October 13, 2025. As of that date, the company had 17,636,625 shares of common stock outstanding and 1,375,682 shares available for awards under its 2019 stock-based incentive plan.
The company specializes in designing, manufacturing and integrating advanced avionics systems for commercial, business and military aircraft, serving customers such as Boeing, Lockheed Martin, Pilatus, major airlines, defense contractors and U.S. government agencies. Unless a prospectus supplement states otherwise, net proceeds from any sale under this shelf may be used to acquire product lines, companies or businesses and for general corporate purposes, including working capital, capital spending and growth initiatives.
Innovative Solutions and Support, Inc. reported a much stronger quarter for the three months ended December 31, 2025. Total net sales increased to $21.8 million from $16.0 million a year earlier, with both product and services revenue contributing to the growth.
Gross profit rose to $11.9 million, up from $6.6 million, as higher sales leveraged relatively stable cost of sales. Operating income expanded sharply to $6.3 million compared with $1.3 million in the prior-year period, despite increased research and development and selling, general and administrative expenses.
Net income climbed to $4.1 million from $0.7 million, with diluted earnings per share improving to $0.22 from $0.04. Operating cash flow was strong at $8.2 million, supporting higher cash and cash equivalents of $8.3 million. Long-term debt stood at $23.8 million, and the company retained access to its revolving and delayed draw term loan facilities for additional liquidity.
Innovative Solutions & Support (Innovative Aerosystems) reported a very strong fiscal 2026 first quarter. Revenue rose to $21.8 million, up 36.5% from a year earlier, driven mainly by higher commercial aftermarket product and services sales. Gross margin expanded to 54.5% from 41.4% as mix shifted toward higher-margin commercial work.
Net income increased to $4.1 million, or $0.22 per diluted share, compared with $0.7 million, or $0.04 per share, last year. Adjusted net income was $4.5 million, or $0.25 per diluted share. Adjusted EBITDA more than doubled to $7.4 million, giving a 34% margin.
Free cash flow jumped to $7.0 million, supported by $8.2 million of operating cash flow and modest capital spending. Backlog was about $75 million with roughly $19 million of new orders. Net debt fell to $15.5 million and the leverage ratio improved to 0.5x, with total liquidity of $83.3 million.
Innovative Solutions and Support, Inc. filed an amended 2025 annual report to add Part III information on directors, executive compensation, ownership and governance because it does not expect to file a proxy statement within 120 days of fiscal year-end.
The filing outlines the current board and committee structure, confirms a Code of Ethics and insider trading, anti-hedging and stock ownership policies, and notes that required Section 16 reports were largely timely with a few late Form 4s.
It describes the pay program for the CEO and CFO, including base salaries, performance-based cash bonuses tied to revenue and operating income, and equity awards such as stock options, time-vested RSUs and market-based RSUs, along with detailed change-in-control and severance protections. The report also presents pay-versus-performance tables, director compensation, and confirms 17,778,343 common shares outstanding as of January 12, 2026.
Innovative Solutions & Support, Inc. Chief Executive Officer and director Shahram Askarpour reported an insider transaction involving company common stock. On 01/11/2026, the issuer withheld 2,128 shares of common stock at $18.41 per share to satisfy his tax obligations related to the vesting of restricted stock units, as noted in the explanation of responses. This was recorded as a code F transaction, which typically reflects tax withholding rather than an open-market trade. After this withholding, Askarpour beneficially owns 482,271 shares of common stock held directly.
Innovative Solutions & Support, Inc. reported an internal share withholding involving its Chief Financial Officer, Jeffrey DiGiovanni. On 01/13/2026, 868 shares of common stock were withheld by the company to cover his tax obligations that arose when restricted stock units vested, at a reference price of $18.80 per share. After this tax-related transaction, DiGiovanni beneficially owned 82,750 shares of common stock, held directly. The event reflects routine equity compensation and associated tax settlement rather than an open-market sale.
Innovative Solutions and Support, Inc., now doing business as Innovative Aerosystems, reports strong growth for the year ended September 30, 2025, with net sales of $84.3 million, up 78.6% from $47.2 million, and net income of $15.6 million, up 123.3% from $7.0 million.
Backlog was $77.4 million versus $89.2 million a year earlier, and the company expects to recognize about 44% of this within 12 months and about 92% within 24 months as revenue. IA expanded its Exton, Pennsylvania facility to 85,000 square feet, which it expects to increase manufacturing capacity by more than 300%, supporting growth and recently acquired Honeywell product lines. The business remains concentrated, with Lockheed Martin, Pilatus, and Boeing representing 36%, 8% and 5% of 2025 revenue, and continues to pursue retrofit, OEM, and military opportunities using its COCKPIT/IP display systems, ThrustSense autothrottle and other avionics. As of November 30, 2025, there were 17,752,354 common shares outstanding.