Novel Inspiration International Co., Ltd. 4

What Happened Novel Inspiration International Co., Ltd. — a reported 10% owner of IRIDEX Corp. (indirectly beneficially owned by Shih‑Yao David Lin) — was issued 111,997 shares of IRIDEX on 2026-07-07. The shares were issued as a quarterly interest payment on a Convertible Promissory Note (issued March 19, 2025). No per‑share price or total dollar value was reported (price listed as N/A). The Form 4 was filed on 2026-07-08.

Key Details

• Transaction date: 2026-07-07 (reported on Form 4 filed 2026-07-08).
• Transaction type/code: Other acquisition or disposition (J) — issuance as interest payment.
• Shares received: 111,997 shares. Price/total value: N/A (shares issued in lieu of cash interest).
• Ownership after transaction: Not specified in the provided filing.
• Footnotes: F1 — joint filing by Novel Inspiration and Shih‑Yao David Lin (Mr. Lin is sole officer/director/shareholder of Novel Inspiration). F2 — shares issued as quarterly interest on the convertible note. F3 — shares beneficially owned directly by Novel Inspiration and indirectly by Mr. Lin.
• Timeliness: Filing appears timely (transaction 2026-07-07; Form 4 filed 2026-07-08).

Context This was an issuance under a debt agreement (interest paid in shares of stock), not an open‑market purchase or sale by an executive. Such issuances dilute existing shareholders and reflect contractual terms of the convertible note rather than an independent expression of buying or selling sentiment by the insider. For investors tracking insider activity, note this is a 10% holder/institutional counterparty transaction (with related-party disclosure) rather than routine executive trading.