Askarpour Shahram 4/A

4/A · INNOVATIVE SOLUTIONS & SUPPORT INC · Filed May 1, 2026

AI-generated summary of this filing

Updated May 1, 2026

ISSC CEO Shahram Receives Stock Awards Worth $400K

What Happened

Askarpour Shahram, CEO of Innovative Solutions & Support, received equity awards on February 17, 2026. The grants include 20,171 option-type awards with a reported per-share price of $19.83 (aggregate reported value $399,991), plus 34,364 restricted stock units (RSUs) and 45,455 performance stock units (PSUs). All three items are reported as "A" (award/grant); the RSUs and PSUs are recorded at $0 per share because they are derivative/contingent awards.
These are grants/compensation (not open-market purchases or sales) — awards are common for executives and do not by themselves indicate buying or selling of shares.

Key Details

Transaction date: February 17, 2026 (Form 4 filed and amended May 1, 2026).
Award breakdown:
- 20,171 option-like awards @ $19.83 (aggregate reported $399,991).
- 34,364 RSUs @ $0 (restricted stock units).
- 45,455 PSUs @ $0 (performance stock units tied to stock-price targets).
Vesting notes:
- RSUs vest 25% on the first anniversary, then 1/12th quarterly thereafter (subject to continued employment).
- The non-qualified option award vests on a similar 1/4 then 1/12th quarterly schedule.
- PSUs vest only if specified stock-price targets are met.
Filing status: This is an amended Form 4 (filed May 1, 2026) correcting the number of PSUs originally reported (see footnote).
Shares owned after the transaction: not specified in the excerpt provided.

Context

RSUs and PSUs are compensation that convert to actual shares only after vesting (RSUs on time-based schedule; PSUs on performance/price targets). The option-like award has a $19.83 strike/price and will vest over time per the disclosed schedule.
These awards are routine executive compensation rather than open-market insider buying or selling. Retail investors often watch PSUs because they depend on stock-price performance; monitor company updates for vesting/achievement disclosures.
The amended filing corrected the PSU count (clerical correction), so check the full SEC filing for complete detail and any additional disclosures.

Form 4/AAmended

Period: 2026-02-17

DirectorChief Executive Officer

Transactions

Award
Restricted Stock Units
[F1]
2026-02-17$19.83/sh+20,171$399,991→ 502,442 total
Award
Non-Qualified Stock Option (Right to Buy)
[F2]
2026-02-17+34,364→ 34,364 total
Exercise: $19.83Exp: 2036-02-17→ Common Stock (34,364 underlying)
Award
Performance Stock Units
[F3][F4]
2026-02-17+45,455→ 45,455 total
Exp: 2036-02-17→ Common Stock (45,455 underlying)

Footnotes (4)

[F1]The RSUs were granted pursuant to the Company's 2019 Stock-Based Incentive Compensation Plan. Each RSU represents the right to receive one share of Common Stock, subject to adjustment as provided in the Award Agreement. The RSUs are scheduled to vest in accordance with the following schedule: 1/4th on the first anniversary of the grant date and 1/12th on each quarterly anniversary of the grant date thereafter, subject to continued employment by the reporting person.
[F2]The non-qualified stock option was granted pursuant to the Company's 2019 Stock-Based Incentive Compensation Plan. The option is scheduled to vest in accordance with the following schedule: 1/4th on the first anniversary of the grant date and 1/12th on each quarterly anniversary of the grant date thereafter, subject to continued employment by the reporting person.
[F3]The Reporting Person is amending the Form 4 filed on February 19, 2026 to correct the number of performance stock units granted to the Reporting person, which were originally understated due to a clerical error.
[F4]Each Performance Stock Unit represents a contingent right to receive one share of issuer common stock. The Performance Stock Units vest upon the issuer's common stock achieving specified prices per share.

Signature

/s/ Jeffrey DiGiovanni (attorney-in-fact)|2026-05-01

1 file