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Innovative Eyewear Inc (LUCY) reports that Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC may each be deemed to beneficially own 966,953 shares of common stock issuable upon exercise of a warrant held by Intracoastal. The reported amount is the same for each person; they report shared voting and dispositive power over those shares.
The reported ownership is approximately 9.99%, based on 8,712,263 common shares outstanding as of September 21, 2026, plus 966,953 shares issuable under the warrant. The reported amount excludes 5,634,679 shares under that warrant and 4,721 and 61,476 shares under two other warrants, subject to blocker provisions limiting beneficial ownership to 9.99% or 4.99%, respectively.
Key Figures
Beneficial ownership shares issuable under Intracoastal Warrant 1:966,953 sharesReported beneficial ownership:Approximately 9.99%Common shares outstanding:8,712,263 shares+4 more
7 metrics
Beneficial ownership shares issuable under Intracoastal Warrant 1966,953 sharesReported amount for each reporting person as of September 30, 2026
Reported beneficial ownershipApproximately 9.99%Based on shares outstanding as of September 21, 2026, plus warrant shares issuable
Common shares outstanding8,712,263 sharesAs of September 21, 2026
Shares excluded under Intracoastal Warrant 15,634,679 sharesExcluded due to a 9.99% blocker provision
Shares excluded under Intracoastal Warrant 24,721 sharesExcluded due to a 4.99% blocker provision
Shares excluded under Intracoastal Warrant 361,476 sharesExcluded due to a 4.99% blocker provision
Beneficial ownership without blocker provisions6,667,829 sharesAmount the reporting persons may have been deemed to beneficially own
Key Terms
beneficial ownership, blocker provision, Shared Voting Power, Shared Dispositive Power
4 terms
beneficial ownershiptechnical
"may have been deemed to have beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
blocker provisiontechnical
"contains a blocker provision"
Shared Voting Powertechnical
"Shared Voting Power 966,953.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
Shared Dispositive Powertechnical
"Shared Dispositive Power 966,953.00"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many LUCY shares do the reporting persons beneficially own?
Each of Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC may be deemed to beneficially own 966,953 shares issuable upon exercise of a warrant held by Intracoastal. The reported amount is shared among the reporting persons, not three separate amounts.
What LUCY warrant shares are excluded by the ownership blockers?
The reported calculation excludes 5,634,679 shares under one warrant, 4,721 shares under a second warrant, and 61,476 shares under a third warrant. Their blocker provisions limit beneficial ownership to 9.99% for the first warrant and 4.99% for each of the other two. Without those provisions, the reporting persons may have been deemed to beneficially own 6,667,829 shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 5)
Innovative Eyewear Inc
(Name of Issuer)
Common stock, par value $0.00001 per share
(Title of Class of Securities)
45791D208
(CUSIP Number)
09/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
45791D208
1
Names of Reporting Persons
Mitchell P. Kopin
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
966,953.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
966,953.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
966,953.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP Number(s):
45791D208
1
Names of Reporting Persons
Daniel B. Asher
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
966,953.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
966,953.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
966,953.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP Number(s):
45791D208
1
Names of Reporting Persons
Intracoastal Capital LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
966,953.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
966,953.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
966,953.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Innovative Eyewear Inc
(b)
Address of issuer's principal executive offices:
11900 Biscayne Blvd., Suite 630, North Miami, Florida 33181
Item 2.
(a)
Name of person filing:
This Schedule 13G is being filed on behalf of (i) Mitchell P. Kopin, an individual ("Mr. Kopin"), (ii) Daniel B. Asher, an individual ("Mr. Asher") and (iii) Intracoastal Capital LLC, a Delaware limited liability company ("Intracoastal" and together with Mr. Kopin and Mr. Asher, collectively the "Reporting Persons").
(b)
Address or principal business office or, if none, residence:
The principal business office of Mr. Kopin and Intracoastal is 245 Palm Trail, Delray Beach, Florida 33483. The principal business office of Mr. Asher is 1011 Lake Street, Suite 311, Oak Park, Illinois 60301.
(c)
Citizenship:
Mr. Kopin is a citizen of the United States of America. Mr. Asher is a citizen of the United States of America. Intracoastal is a Delaware limited liability company.
(d)
Title of class of securities:
Common stock, par value $0.00001 per share
(e)
CUSIP No.:
45791D208
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of the close of business on September 30, 2026, each of the Reporting Persons may have been deemed to have beneficial ownership of 966,953 shares of Common Stock issuable upon exercise of a warrant held by Intracoastal ("Intracoastal Warrant 1"), and all such shares of Common Stock represent beneficial ownership of approximately 9.99% of the Common Stock, based on (1) 8,712,263 shares of Common Stock outstanding as of September 21, 2026, as reported by the Issuer, plus (2) 966,953 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1. The foregoing excludes (I) 5,634,679 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1 because Intracoastal Warrant 1 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 1 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 9.99% of the Common Stock, (II) 4,721 shares of Common Stock issuable upon exercise of a second warrant held by Intracoastal ("Intracoastal Warrant 2") because Intracoastal Warrant 2 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 2 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 4.99% of the Common Stock and (III) 61,476 shares of Common Stock issuable upon exercise of a third warrant held by Intracoastal ("Intracoastal Warrant 3") because Intracoastal Warrant 3 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 3 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 4.99% of the Common Stock. Without such blocker provisions, each of the Reporting Persons may have been deemed to have beneficial ownership of 6,667,829 shares of Common Stock.
(b)
Percent of class:
9.99 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
966,953
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
966,953
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
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.
