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Major holder exits Innovative Eyewear (LUCY) after 12.1% stake sale

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Innovative Eyewear Inc. major shareholders Vladimir and Angelica Galkin have fully exited their position. In this Amendment No. 10 to Schedule 13D, they report selling 647,505 shares of common stock, which represented approximately 12.1% of Innovative Eyewear’s outstanding shares, through open market transactions completed effective January 7, 2026.

After these sales, each of the reporting persons beneficially owns 0 shares, or about 0.0% of the company’s common stock, based on 5,350,183 shares outstanding as of November 6, 2025. They state that they no longer believe Innovative Eyewear represents an attractive investment given its business prospects and strategy, and they report no additional plans regarding corporate actions.

Positive

  • None.

Negative

  • A former major shareholder who held about 12.1% of Innovative Eyewear’s common stock has sold 647,505 shares and reduced ownership to 0%, stating the issuer no longer represents an attractive investment.

Insights

Former 12.1% holders sold all Innovative Eyewear shares and exited.

The filing shows that Vladimir and Angelica Galkin, previously significant shareholders of Innovative Eyewear Inc., sold 647,505 shares of common stock in open market transactions effective January 7, 2026. These shares represented approximately 12.1% of the company’s outstanding common stock, based on 5,350,183 shares outstanding as of November 6, 2025.

Following these transactions, each reporting person now beneficially owns 0 shares, or about 0.0% of the common stock, meaning they have completely exited their position. They explicitly state that they no longer believe the issuer is an attractive investment in light of its business prospects and strategy, which is a clear negative signal from a former large holder, though it reflects only their own assessment.

The filing also notes that they have no current plans or proposals related to major corporate actions, and no other person has rights to dividends or sale proceeds on the shares they formerly owned. Future company filings may provide additional context on how the shareholder base evolves after the exit of this former 5%-plus owner.






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




Comment for Type of Reporting Person:
Based on 5,350,183 shares of the Issuer's common stock issued and outstanding as of November 6, 2025, based on information reported by the Issuer in the Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, and filed with the Securities and Exchange Commission (the SEC) on November 13, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
Based on 5,350,183 shares of the Issuer's common stock issued and outstanding as of November 6, 2025, based on information reported by the Issuer in the Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, and filed with the Securities and Exchange Commission (the SEC) on November 13, 2025.


SCHEDULE 13D


Galkin Vladimir
Signature:Vladimir Galkin
Name/Title:Individual
Date:01/07/2026
Galkin Angelica
Signature:Angelica Galkin
Name/Title:Individual
Date:01/07/2026

FAQ

What does this Schedule 13D/A filing report for Innovative Eyewear (LUCY)?

It reports that Vladimir and Angelica Galkin, who jointly filed as reporting persons, have sold all of their Innovative Eyewear common shares and now beneficially own 0 shares, or about 0.0% of the company’s outstanding stock.

How many Innovative Eyewear shares did the Galkins sell in this amendment?

The filing states that, effective January 7, 2026, the reporting persons sold 647,505 shares of Innovative Eyewear common stock in open market transactions, which represented approximately 12.1% of the issuer’s outstanding common stock.

What percentage of Innovative Eyewear did the Galkins own after these transactions?

As of the date of the filing, each of Vladimir and Angelica Galkin beneficially owns 0 shares of Innovative Eyewear common stock, representing approximately 0.0% of the issued and outstanding shares.

On what share count is the 12.1% and 0.0% ownership of Innovative Eyewear based?

The reported ownership percentages are based on 5,350,183 shares of Innovative Eyewear common stock issued and outstanding as of November 6, 2025, as disclosed in the company’s Form 10-Q for the quarter ended September 30, 2025.

Why did the Galkins decide to exit their Innovative Eyewear investment?

The reporting persons state that they no longer believe the issuer represents an attractive investment based on Innovative Eyewear’s business prospects and strategy, and therefore sold their shares.

Do the reporting persons have any plans to influence Innovative Eyewear after this sale?

According to the filing, other than the described sale of 647,505 shares, the reporting persons do not have plans or proposals that would result in actions listed under Item 4, such as mergers, reorganizations, or other major corporate changes.
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