Schedule 13G: Brookstone Reports 571,686 Shares (12.12%) in SFLR

Rhea-AI Filing Summary

Brookstone Capital Management, LLC reported beneficial ownership of 571,686 shares of Innovator U.S. Equity Buffer ETF - August (CUSIP 45782C698), representing 12.12% of the class. The filing on Schedule 13G shows Brookstone has shared voting and dispositive power over these shares (no sole voting or dispositive power). The reporting person is identified as an investment adviser (IA), and the statement certifies the holdings were acquired and are held in the ordinary course of business, not to influence control of the issuer. The filing is signed by Brookstone’s Chief Compliance Officer on 09/03/2025.

Positive

• Disclosure of a material stake: Brookstone reports ownership of 571,686 shares, equal to 12.12% of the class
• Clear governance profile: Filing specifies shared voting and dispositive power, and classifies the filer as an investment adviser (IA)
• Compliance and certification: Statement includes certification that holdings are passive and held in the ordinary course of business

Negative

• None.

Insights

Securities Analyst

TL;DR Brookstone disclosed a material passive stake of 12.12% in the ETF with shared voting and dispositive power.

The Schedule 13G indicates a >5% position which is material for disclosure purposes but is reported as passive under the ordinary-course certification. Shared voting and dispositive power over 571,686 shares means Brookstone can influence decisions only in coordination with others; there is no claim of sole control. Classification as an investment adviser is consistent with fiduciary custody of client accounts. For investors, this is a transparency event rather than an activist or control-driven move.

Corporate Governance Expert

TL;DR Filing is a routine, compliant disclosure of a significant passive holding without intent to change control.

The certification language and Schedule 13G route suggest Brookstone is not pursuing control. The report clarifies voting and disposition are shared, which matters for governance analysis: filings that declare shared rather than sole power signal limited unilateral influence. The absence of group designation and of additional parties implies Brookstone is the reporting fiduciary for accounts holding the shares. This is relevant for monitoring potential future shifts but does not by itself indicate governance action.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Innovator ETFs Trust

(Name of Issuer)

Innovator U.S. Equity Buffer ETF - August

(Title of Class of Securities)

45782C698

(CUSIP Number)

08/31/2025

(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. 45782C698

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 571,686.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 571,686.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

571,686.00

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)

12.12 %

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 Buffer ETF - August
(e)	CUSIP No.: 45782C698
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: 571,686
(b)	Percent of class: 12.12 %
(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: 571,686
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 571,686
Item 5.	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 securites.
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:	09/03/2025

FAQ

What stake in SFLR does Brookstone Capital Management disclose?

Brookstone reports beneficial ownership of 571,686 shares, representing 12.12% of the class of Innovator U.S. Equity Buffer ETF - August (CUSIP 45782C698).

Does Brookstone claim control of the issuer in the Schedule 13G filing?

No. The filing certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

What voting and dispositive powers does Brookstone have over these shares?

Brookstone reports 0 sole voting power and 571,686 shared voting power; likewise 0 sole dispositive power and 571,686 shared dispositive power.

Under what filing type was this position reported?

The position was reported on Schedule 13G, indicating a passive disclosure for a >5% holder, and the filer is classified as an investment adviser (IA).

Who signed the Schedule 13G for Brookstone Capital Management?

The filing is signed by Matt Lovett, Chief Compliance Officer, on 09/03/2025.