Amended 13G: Brookstone lists passive SFLR stake below 5% threshold

Rhea-AI Filing Summary

Brookstone Capital Management, LLC filed Amendment No. 1 to Schedule 13G on 4 Aug 2025 for the Innovator U.S. Equity Ultra Buffer ETF – January (CUSIP 45782C300).

As of the event date 31 Jul 2025 the SEC-registered investment adviser reported 63,391 shares, equal to 1.26 % of the ETF’s outstanding units. Brookstone holds shared voting and dispositive power over all shares and no sole authority. The stake is disclosed under Rule 13d-1(b), reflecting passive institutional ownership.

Because the position remains below the 5 % threshold, the filing is chiefly a compliance update confirming the securities are held in the ordinary course of business with no intent to influence control.

Insights

Securities Analyst

TL;DR: Passive 1.26% stake; routine compliance, no control intent; minimal market impact.

Brookstone’s amended 13G shows a modest, sub-5 % holding (63,391 units) in the Innovator U.S. Equity Ultra Buffer ETF – January. The firm reports only shared voting/dispositive power, indicating the shares are held across client accounts consistent with its investment-adviser role. Certification of passive intent removes any takeover or activism angle. With ownership at just 1.26 %, this disclosure is informational and unlikely to affect ETF liquidity, flows, or price. Investors should view it as neutral housekeeping rather than a directional signal.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Innovator ETFs Trust

(Name of Issuer)

Innovator U.S. Equity Ultra Buffer ETF - January

(Title of Class of Securities)

45782C300

(CUSIP Number)

07/31/2025

(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)

SCHEDULE 13G

CUSIP No. 45782C300

1

Names of Reporting Persons

Brookstone Capital Management, 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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 63,391.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 63,391.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

63,391.00

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)

1.26 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Innovator ETFs Trust
(b)	Address of issuer's principal executive offices: 109 North Hale Street, WHEATON, ILLINOIS 60187
Item 2.
(a)	Name of person filing: Brookstone Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 1745 S. Naperville Rd, Suite 200 Wheaton, IL 60189
(c)	Citizenship: United States
(d)	Title of class of securities: Innovator U.S. Equity Ultra Buffer ETF - January
(e)	CUSIP No.: 45782C300
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: 63,391
(b)	Percent of class: 1.26 %
(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: 63,391
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 63,391
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The accounts described in Item 4 have the right to receive or the power to direct receipt of dividends from, or the proceeds from the sale of, the securities held in their respective accounts. Brookstone disclaims beneficial ownership of all such securities.
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 acquired and are held in the ordinary course of business and 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.

Brookstone Capital Management, LLC

Signature:	/s/ Matt Lovett
Name/Title:	Chief Compliance Officer
Date:	08/04/2025

FAQ

How many shares of SFLR does Brookstone Capital Management own?

Brookstone reports ownership of 63,391 shares of the Innovator U.S. Equity Ultra Buffer ETF – January.

What percentage of the ETF’s outstanding shares does this represent?

The 63,391 shares constitute 1.26 % of the class.

Does Brookstone have sole voting or dispositive power over the shares?

No. Brookstone has 0 shares with sole power; all voting and dispositive authority is shared.

Under which SEC rule was the Schedule 13G/A filed?

The filing is made under Rule 13d-1(b) for institutional investment advisers.

Is Brookstone seeking to influence control of Innovator ETFs Trust?

Brookstone certifies the shares are held in the ordinary course of business with no intent to influence control.