Innovative Solutions & Support 13D/A shows 959k-share holding by Harborne
Rhea-AI Filing Summary
Amendment No. 9 to Schedule 13D discloses that Klear Kite LLC and its sole member Christopher Harborne collectively own 959,327 shares of Innovative Solutions & Support Inc. (ISSC). This holding equals 5.5 % of the company’s 17,604,155 outstanding common shares (as of 1 May 2025). Both parties share voting and dispositive power over the entire position.
The amendment, dated 8 July 2025 and signed 10 July 2025, replaces Item 5 in its entirety and adds Exhibit 99.8, which lists open-market transactions executed since Amendment No. 8 (details not included in the excerpt). No other sections of the original Schedule 13D are modified. The filing confirms that Harborne (citizenship: Thailand) and Klear Kite (Delaware LLC) remain passive 5 %-plus shareholders, classified as “IN” and “OO” reporting persons, respectively.
Positive
- None.
Negative
- None.
Insights
TL;DR — 5.5 % stake reaffirmed; no clear strategic shift.
This amendment merely updates the share count and percentage owned by Christopher Harborne/Klear Kite following routine open-market trades. The position size (959 k shares) keeps the group above the 5 % disclosure threshold but well below levels that confer control or board influence. Without details of Exhibit 99.8, it is impossible to gauge whether the stake was trimmed or increased; therefore, market impact should be modest. Investors may view the sustained ownership as a sign of continued confidence, yet absence of activism language suggests a neutral governance outlook.
TL;DR — Disclosure satisfies 13D obligations, governance implications limited.
Maintaining transparency, the filer updates Item 5 to reflect current beneficial ownership and adds a transaction schedule. Because voting and dispositive powers remain shared, and there is no indication of intent to influence control, the filing does not alter ISSC’s governance dynamics. The 5.5 % holding is meaningful for monitoring purposes but does not, by itself, confer blocking power on shareholder votes. Overall governance impact is neutral.