INNOVATIVE SOLUTIONS & SUPPORT INC·4

Apr 10, 1:04 PM ET

DiGiovanni Jeffrey 4

Research Summary

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Updated

Innovative Solutions (ISSC) CFO Jeffrey DiGiovanni Shares Withheld for Taxes

What Happened

  • Jeffrey DiGiovanni, Chief Financial Officer of Innovative Solutions & Support Inc. (ISSC), had 765 shares of common stock withheld to satisfy tax withholding obligations related to the vesting of restricted stock units. The shares were valued at $23.02 each, totaling $17,610.
  • This is a tax-withholding disposition (transaction code F), a routine administrative action tied to RSU vesting rather than an open-market sale or purchase.

Key Details

  • Transaction date: 2026-04-08
  • Price per share: $23.02; Shares withheld/disposed: 765; Total value: $17,610
  • Transaction code: F (shares withheld to satisfy tax obligations on vested RSUs)
  • Footnote: The filing states the issuer withheld these shares to cover the reporting person's tax obligations upon RSU vesting.
  • Shares owned after transaction: Not specified in the provided filing
  • Filing timeliness: Report filed 2026-04-10 (appears timely; no late-filing indication)

Context

  • This was a tax withholding in connection with RSU vesting (a common administrative event). It is not a market sale by the insider and does not necessarily indicate a change in sentiment about the company.