Estate of Hedrick Amends 13D for Innovative Solutions

TL;DR

Hedrick Estate ups stake in ISSC to 5.1% via 13D filing.

AI Summary

On August 19, 2024, the Estate of Geoffrey S. M. Hedrick, represented by Christopher Scott Giniieczki, filed an amendment (Amendment No. 5) to its Schedule 13D for Innovative Solutions and Support, Inc. The filing indicates a change in beneficial ownership, with the estate now holding 1,500,000 shares of common stock, representing approximately 5.1% of the outstanding shares. This filing follows a previous amendment on August 16, 2024.

Why It Matters

This filing updates the ownership stake of a significant shareholder in Innovative Solutions and Support, Inc., which could signal potential changes in strategy or influence within the company.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by significant estates can sometimes precede activist campaigns or strategic shifts, warranting close monitoring.

Key Numbers

• 1,500,000 — Shares Held (Beneficial ownership by the Estate of Geoffrey S. M. Hedrick.)
• 5.1% — Ownership Stake (The percentage of Innovative Solutions and Support, Inc. common stock held by the estate.)

Key Players & Entities

• Estate of Geoffrey S. M. Hedrick (company) — Filing entity
• Christopher Scott Giniieczki (person) — Personal Representative of the Estate
• Innovative Solutions and Support, Inc. (company) — Subject company
• 1,500,000 (dollar_amount) — Number of shares held
• 5.1% (dollar_amount) — Percentage of shares held

FAQ

Key Financial Figures

• $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• tm2422063d1_sc13da.htm (SC 13D/A) — 78KB
• tm2422063d1_ex99-1.htm (EX-99.1) — 5KB
• 0001104659-24-090951.txt ( ) — 85KB

Purpose of Transaction

Item 4. Purpose of Transaction.

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

Item 5 of the Schedule 13D is hereby amended by adding the following immediately at the end thereof: This Amendment No. 5 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. 4.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. Paragraphs (a), (b), (c), and (e) 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 873,673 shares of Common Stock of the Issuer, which represent approximately 4.99% of the outstanding Common Stock of the Issuer, based on 17,499,955 shares of common stock of the Issuer outstanding as of August 9, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024. The Reporting Persons have shared voting and dispositive power over the 873,673 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 5,000 shares of Common Stock of the Issuer in open market transactions as follows: Date of Sale Price Per Share ($) Price Range Per Share ($) 8/16/2024 6.997 (1) 6.93 – 7.05 (1) The price shown is the weighted average sale price for the transactions reported on the date of sale. These shares of Common Stock were sold in multiple transactions at the price ranges shown, excluding commissions. The Reporting Persons undertake to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected. (e) As a result of the transactions described herein, on August 16, 2024, the Estate ceased to be the beneficial owner of more than 5% of the Common Stock outstanding. This Amendment No. 5 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting

Material to be Filed

Item 7.Material to be Filed as Exhibits. Exhibit 99.1 Joint Filing Agreement, dated as of August 19, 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: August 19, 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

View Full Filing

View this SC 13D/A filing on SEC EDGAR