Devine Denise L 4

What Happened

• Denise L. Devine, a director of Innovative Solutions & Support Inc. (ISSC), had 5,403 unvested restricted stock units (RSUs forfeited to the issuer) and was concurrently granted 5,618 new RSUs on 2026-04-16. Both transactions show a reported price of $0.00 and total cash value of $0 — these were not open-market sales or purchases but compensation-related award adjustments.

Key Details

• Transaction dates and codes: 2026-04-16 — Disposition to issuer (D): 5,403 shares @ $0.00 (forfeited); 2026-04-16 — Grant/Award (A): 5,618 RSUs @ $0.00 (granted).
• Report filing: Form 4 filed 2026-04-20 for transactions on 2026-04-16 (filed within the standard two business-day window).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: F1 notes these 5,403 shares reflect forfeiture of unvested RSUs by the reporting person. F2 states the 5,618 RSUs were granted under the Company’s 2019 Stock-Based Incentive Compensation Plan; each RSU equals the right to one share and the RSUs are scheduled to vest on the first anniversary of the grant date (subject to continued service).
• Transaction nature: These are compensation/award-related actions (forfeiture and grant), not cash transactions or open-market trading.

Context

• RSUs are awards that convert to shares only upon vesting; the new 5,618 RSUs will generally result in shares only if vesting conditions are met (here, one-year service). Forfeiture of unvested RSUs typically reflects plan or service-termination rules rather than a market sale by the insider. Because no cash changed hands and the grant is subject to vesting, these entries are primarily administrative/compensation events, not a direct buy or sell signal.