Innovative Solutions (ISSC) CEO Shahram Askarpour — Shares Withheld for Taxes

What Happened
Shahram Askarpour, CEO of Innovative Solutions & Support Inc. (ISSC), had 3,625 shares of common stock withheld by the company to satisfy tax obligations related to the vesting of restricted stock units. The withholding was calculated at $23.52 per share, totaling $85,260. This is a tax-withholding/cashless settlement related to RSU vesting, not an open-market sale.

Key Details

• Transaction date: 2026-02-18; Filing date: 2026-02-20 (filed timely).
• Withheld shares: 3,625 at $23.52 per share; total value: $85,260.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Shares were withheld by the issuer to satisfy the reporting person’s tax obligations upon RSU vesting (footnote F1).
• Transaction code: F (tax withholding/cashless settlement), reported as a disposition of shares to cover taxes.

Context
Tax withholdings on vested RSUs are routine and reflect a payroll/tax settlement rather than a directed sale by the insider; they do not necessarily indicate the insider’s view on the company’s stock.