Novel Inspiration International Co., Ltd. 4

What Happened

• Novel Inspiration International Co., Ltd., a reported 10% owner of IRIDEX (IRIX), received 87,949 shares on April 1, 2026. The shares were issued as a quarterly interest payment on a convertible promissory note dated March 19, 2025. No per-share price or cash value is reported (shares were issued, not bought or sold in the open market).

Key Details

• Transaction date: 2026-04-01; Form 4 filed with the SEC: 2026-04-03 (appears timely).
• Transaction code: J (other acquisition or disposition) — here used for issuance as interest.
• Shares acquired: 87,949; Price: N/A (issued as interest).
• Shares owned after transaction: Not specified in this Form 4.
• Filing notes: Form 4 is filed jointly by Novel Inspiration and Shih‑Yao David Lin. Mr. Lin is the sole officer, director and stockholder of Novel Inspiration. The shares are owned directly by Novel Inspiration and were issued as the quarterly interest payment on the convertible promissory note.

Context

• This was an issuance tied to debt (interest on a convertible note), not an open-market purchase or insider sale; such issuances are routine financing mechanics and do not necessarily signal insider sentiment about the stock price. As a 10% owner (an institutional/large holder), Novel Inspiration’s transaction is different from an individual executive buying or selling shares.