Estate of Geoffrey Hedrick Amends ISSI 13D Filing

Ticker: ISSC · Form: SC 13D/A · Filed: Feb 15, 2024 · CIK: 836690

Innovative Solutions & Support INC SC 13D/A Filing Summary
FieldDetail
CompanyInnovative Solutions & Support INC (ISSC)
Form TypeSC 13D/A
Filed DateFeb 15, 2024
Risk Levellow
Pages5
Reading Time6 min
Key Dollar Amounts$0.001, $8.25, $8.65, $8.50, $8.59
Sentimentneutral

Sentiment: neutral

Topics: SC 13D/A, amendment, estate-filing, insider-ownership

Related Tickers: ISSI

TL;DR

Estate of Geoffrey S. M. Hedrick filed a 13D/A Amendment No. 3 for Innovative Solutions & Support (ISSI) on Feb 15, 2024, likely updating ownership details.

AI Summary

The Estate of Geoffrey S. M. Hedrick, with Christopher Scott Ginieczki as personal representative, filed Amendment No. 3 to Schedule 13D on February 15, 2024. This amendment pertains to their holdings in Innovative Solutions & Support, Inc. (ISSI), whose common stock has a par value of $0.001 per share. The filing updates information regarding the estate's beneficial ownership in the company.

Why It Matters

This filing updates the public record on significant ownership stakes in Innovative Solutions & Support, Inc. by the estate of a key individual, providing transparency on control and potential future actions.

Risk Assessment

Risk Level: low — An amendment to a 13D by an estate is typically a procedural update following a death or change in estate administration, not usually indicative of high market risk.

Key Numbers

Key Players & Entities

FAQ

Who is the personal representative of the Estate of Geoffrey S. M. Hedrick?

Christopher Scott Ginieczki is the personal representative of the Estate of Geoffrey S. M. Hedrick.

What is the name of the issuer (subject company) for this SC 13D/A filing?

The issuer is Innovative Solutions & Support, Inc.

What is the par value per share of the Common Stock mentioned in the filing?

The par value per share of the Common Stock is $0.001.

What is the CUSIP Number for the class of securities?

The CUSIP Number is 45769N-10-5.

When was this SC 13D/A amendment filed?

This SC 13D/A amendment was filed on February 15, 2024.

Filing Stats: 1,526 words · 6 min read · ~5 pages · Grade level 6.5 · Accepted 2024-02-15 17:16:10

Key Financial Figures

Filing Documents

Purpose of Transaction

Item 4. Purpose of Transaction.

of the Schedule 13D is hereby amended by adding the following

Item 4 of the Schedule 13D is hereby amended by adding the following immediately at the end thereof: This Amendment No. 3 reports a decrease in the Reporting Persons percentage of beneficial ownership of the outstanding shares of Common Stock of the Issuer since the date of Amendment No. 2.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. Paragraphs (a), (b) and (c) of Item 5 of the Schedule 13D are hereby deleted in their entirety and replaced with the following: (a)-(b)The Reporting Persons may be deemed to beneficially own 1,243,239 shares of Common Stock of the Issuer, which represent approximately 7.12% of the outstanding Common Stock of the Issuer, based on 17,459,983 shares of Common Stock of the Issuer outstanding as of January 12, 2024, as reported in the Issuer’s Amendment No. 1 on Form 10-K/A to its Annual Report on Form 10-K for the fiscal year ended September 30, 2023. The Reporting Persons have shared voting and dispositive power over the 1,243,239 shares of Common Stock of the Issuer, which were previously owned directly by Mr. Hedrick prior to his death and are now owned by the Estate. In addition, Mr. Ginieczki may be deemed to share voting and dispositive power over 20,948 shares of Common Stock of the Issuer that are held by the Ginieczki Family Trust, of which Mr. Ginieczki is a co-trustee. (c) During the past sixty (60) days, the Estate sold an aggregate of 408,653 shares of Common Stock of the Issuer in open market transactions as follows: Date of Sale Number of Shares Price Per Share (1) 12/21/2023 128,946 $ 8.26 * 12/26/2023 1,379 $ 8.25 12/29/2023 7,600 $ 8.52 * 1/2/2024 3,362 $ 8.52 * 1/3/2024 607 $ 8.30 1/4/2024 5,563 $ 8.35 * 1/16/2024 800 $ 8.20 1/17/2024 173 $ 8.15 1/18/2024 8,941 $ 8.17 * 1/19/2024 3,507 $ 8.17 * 1/22/2024 6,539 $ 8.16 * 1/23/2024 5,411 $ 8.17 * 1/29/2024 409 $ 8.16 * 1/30/2024 1,002 $ 8.16 * 1/31/2024 824 $ 8.15 2/1/2024 6,146 $ 8.169 * 2/2/2024 12,541 $ 8.184 * 2/5/2024 14,269 $ 8.168 * 2/6/2024 30,000 $ 8.172 * 2/7/2024 6,442 $ 8.167 * 2/8/2024 4,964 $ 8.157 * 2/9/2024 7,457 $ 8.166 * 2/12/2024 9,162 $ 8.173 * 2/13/2024 84,329 $ 8.25 * 2/14/2024 58,280 $ 8.16 * (1) The price shown with an a

Material to be Filed

Item 7.Material to be Filed as Exhibits. Exhibit 99.1 Joint Filing Agreement, dated as of February 15, 2024, between the Estate of Geoffrey S. M. Hedrick and Christopher Scott Ginieczki, as Personal Representative of the Estate of Geoffrey S. M. Hedrick.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: February 15, 2024 Estate of Geoffrey S. M. Hedrick By: /s/ Christopher Scott Ginieczki Name: Christopher Scott Ginieczki Title: Personal Representative of the Estate of Geoffrey S. M. Hedrick /s/ Christopher Scott Ginieczki Christopher Scott Ginieczki, as Personal Representative of the Estate of Geoffrey S. M. Hedrick

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