IRIDEX Corp: 10% owner Novel Inspiration received 146,313 shares

What happened Novel Inspiration International Co., Ltd., a 10% owner of IRIDEX Corp, received 146,313 shares on Oct 2, 2026. The Form 4 lists no purchase price or total value; the filing states the shares were issued as a quarterly interest payment on a convertible promissory note issued Mar 19, 2025.

Key details

• Transaction date: Oct 2, 2026. Price/total value: not stated in the filing.
• Shares received: 146,313.
• Shares owned following the transaction: not stated in the filing.
• Footnotes: F1 — Form 4 filed jointly by Novel Inspiration and Shih-Yao David Lin; Mr. Lin is the sole officer, director and stockholder of Novel Inspiration. F2 — shares issued as a quarterly interest payment on the convertible promissory note dated Mar 19, 2025. F3 — shares are owned directly by Novel Inspiration.
• Filed Oct 13, 2026; filing timeliness not indicated in the Form 4.

Why it may matter

• The shares were issued as an interest payment on a note, not purchased or sold in the market.
• Novel Inspiration is a 10% owner, i.e., a large holder rather than an executive. A filing does not show why the insider traded or why the company acted.