Innovative Solutions & Support: Final 13D Shows Complete Harborne Divestiture

Rhea-AI Filing Summary

Schedule 13D/A Amendment No. 10 – Innovative Solutions & Support (ISSC)

Christopher Harborne and his wholly owned entity Klear Kite LLC have filed their tenth and final Schedule 13D amendment, disclosing that they now beneficially own 0 shares of ISSC, equal to 0 % of the 17,604,155 shares outstanding (as of 1 May 2025). The group therefore no longer qualifies as a 5 %-plus beneficial owner and has exited its reporting obligations under Section 13(d). The effective exit date is 10 July 2025; all sales were executed in the open market, as detailed in Exhibit 99.9 (not included in the excerpt).

Key points for investors

• Complete divestiture: Former >5 % holder has sold its entire position.
• Voting power: Both sole and shared voting/dispositive power are now zero.
• Filing purpose: Marks the end of the shareholder group’s Schedule 13D obligations (exit filing).

No operational, earnings, or strategic data are provided; the filing strictly updates ownership information.

Positive

• None.

Negative

• A former >5 % shareholder has fully divested, a potential bearish signal regarding confidence in ISSC’s outlook.
• The sudden increase in free float could exert downward price pressure until the market absorbs the additional shares.

Insights

Securities Analyst

TL;DR: Large insider completely exited ISSC on 10 July 2025, removing takeover optionality and potentially pressuring the share price.

The departure of a former 5 %+ holder often signals diminished conviction and can act as an overhang while the market digests additional free float. Although the filing offers no insight into ISSC’s fundamentals, loss of an activist-style shareholder reduces the probability of governance-driven catalysts such as strategic alternatives or board pressure. Near-term sentiment could turn cautious until new buyers absorb the released shares.

Corporate Governance Expert

TL;DR: Exit filing ends monitoring obligations; governance influence from Harborne/Klear Kite now null.

With beneficial ownership at zero, Harborne relinquishes any leverage to influence corporate strategy or board composition. Governance dynamics revert to the remaining shareholder base, potentially lowering activist scrutiny. While neutral from a compliance standpoint, the absence of a vocal investor may reduce accountability pressures on management.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 10)

INNOVATIVE SOLUTIONS & SUPPORT INC

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

45769N105

(CUSIP Number)

Christopher Harborne
23F M Thai Tower, All Seasons Place, 87 Wireless Road
Bangkok, W1, 10300
(860) 365-8016

Philip Richter
Fried, Frank, Harris, Shriver & Jacobson, One New York Plaza
New York, NY, 10004
(212) 859-8763

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/11/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 45769N105

1

Name of reporting person

Harborne Christopher

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

THAILAND

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP No. 45769N105

1

Name of reporting person

Klear Kite LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.001 per share
(b)	Name of Issuer: INNOVATIVE SOLUTIONS & SUPPORT INC
(c)	Address of Issuer's Principal Executive Offices: 720 PENNSYLVANIA DRIVE, EXTON, PENNSYLVANIA , 19341.
Item 1 Comment: EXPLANATORY NOTE: The following constitutes Amendment No. 10 (this "Amendment No. 10") to the Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on September 13, 2022 by the Reporting Persons (the "Original Schedule 13D"), as amended by Amendment No. 1 filed with the SEC on September 23, 2022 ("Amendment No. 1"), Amendment No. 2 filed with the SEC on February 17, 2023 ("Amendment No. 2"), Amendment No. 3 filed with the SEC on May 24, 2024 ("Amendment No. 3"), Amendment No. 4 filed with the SEC on January 27, 2025 ("Amendment No. 4"), Amendment No. 5 filed with the SEC on June 6, 2025 ("Amendment No. 5"), Amendment No. 6 file with the SEC on June 25, 2025 ("Amendment No. 6") , Amendment No.7 filed with the SEC on July 1, 2025 ("Amendment No. 7"), Amendment No. 8 filed with the SEC on July 7, 2025 ("Amendment No. 8") and Amendment No. 9 filed with the SEC on July 10, 2025 ("Amendment No. 9" and together with the Original Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7, Amendment No. 8 and this Amendment No. 10, the "Schedule 13D"). This Amendment No. 10 amends and supplements the Schedule 13D as specifically set forth herein. Capitalized terms used herein and not otherwise defined in this Amendment No. 10 have the meanings set forth in the Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated in its entirety as follows: Klear Kite, and by virtue of being the sole member of Klear Kite, Mr. Harborne each beneficially owns 0 Shares, which are held directly by Klear Kite. Such Shares represent approximately 0% of the outstanding Shares of the Company. Klear Kite and Mr. Harborne share voting power and investment power over all such Shares. For purposes of this Item 5(a) and (b), the percentages are calculated based upon (x) the number of Shares beneficially owned by each Reporting Person, divided by (y) 17,604,155 Shares outstanding as of May 1, 2025, as reported in the Company's quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2025, filed with the SEC on May 15, 2025.
(b)	Item 5(b) is hereby amended and restated in its entirety as follows: The information contained in subsection (a) of this Item 5 is incorporated by reference herein.
(c)	Item 5(c) is hereby amended and restated in its entirety as follows: Information concerning transactions in the Shares effected by the Reporting Persons since the filing of Amendment No. 9 is set forth on Schedule A, which is attached hereto as Exhibit 99.9 and is incorporated herein by reference. All of the transactions in the Shares were effected in the open market through various brokerage entities.
(e)	Item 5(e) is hereby amended and restated in its entirety as follows: The Reporting Persons ceased to be the beneficial owners of more than 5% of the outstanding Shares of the Company on July 10, 2025. The filing of this Amendment No. 10 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended and supplemented to include the following exhibit: Exhibit 99.9 Schedule A - Transactions in the Shares Since the Filing of Amendment No. 9

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Harborne Christopher

Signature:	/s/ Christopher Harborne
Name/Title:	Christopher Harborne
Date:	07/15/2025

Klear Kite LLC

Signature:	/s/ Christopher Harborne
Name/Title:	Christopher Harborne
Date:	07/15/2025

FAQ

Why did Christopher Harborne file Amendment No. 10 to his ISSC Schedule 13D?

To disclose that he and Klear Kite LLC now own 0 shares, triggering an exit filing under SEC rules.

What percentage of Innovative Solutions & Support does Harborne now own?

Harborne and Klear Kite now own 0 % of ISSC’s outstanding common shares.

When did the reporting persons cease to be 5 % holders of ISSC?

They fell below the 5 % threshold on 10 July 2025.

Does the filing include financial results or operational updates for ISSC?

No. The document only updates beneficial ownership; it contains no earnings or operational data.

Where can I find details of the share sales?

Transaction specifics are listed in Exhibit 99.9 (Schedule A), referenced but not shown in the excerpt.