Askarpour Shahram 4

What Happened

• Shahram Askarpour, CEO of Innovative Solutions & Support, received equity awards on 2026-02-17 totaling 74,706 units: 20,171 restricted stock units (RSUs), 34,364 non‑qualified stock options (derivative), and 20,171 performance stock units (PSUs, derivative). All were reported as grants at a $0.00 per-unit price (no cash changed hands). These are compensation awards rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-19 (timely filing).
• Grants and amounts: 20,171 RSUs; 34,364 stock options (derivative); 20,171 PSUs (derivative). Total units = 74,706.
• Reported price: $0.00 (standard for grant reporting; not a market purchase).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Plan and footnotes: Awards granted under the Company’s 2019 Stock‑Based Incentive Compensation Plan.
  • RSU vesting (F1): 1/3 on first anniversary, then 1/8th each quarterly anniversary thereafter, subject to continued employment.
  • Stock option vesting (F2): 1/4 on first anniversary, then 1/12th each quarterly anniversary thereafter, subject to continued employment. (Strike/exercise price not provided here.)
  • PSU vesting (F3): Vests in three equal tranches on each of the first, second and third anniversaries, contingent on specified stock‑price performance targets.
• No indication of a 10b5-1 plan, cashless exercise, tax withholding sale, or that the filing was late.

Context

• RSUs are rights to receive shares if vesting conditions are met; PSUs only convert to shares if performance targets are achieved; stock options give the holder the right to buy shares at a set strike price (strike not shown in the excerpt). These grants are standard executive compensation and do not represent open‑market buying or selling by the CEO.