Kevin P. Gilboy Discloses 9.64% Stake in Innovative Solutions & Support

TL;DR

**Kevin P. Gilboy now owns 9.64% of ISSI, holding 1.68M shares.**

AI Summary

Kevin P. Gilboy, an individual, has reported beneficial ownership of 1,683,168 shares of Innovative Solutions and Support, Inc. (ISSI) Common Stock, representing 9.64% of the company's outstanding shares. This filing, dated February 9, 2024, indicates a significant stake acquired as of August 9, 2023. This matters to investors because a large individual stake can signal confidence in the company's future, but also means a single person holds substantial voting power.

Why It Matters

A substantial individual ownership stake like this can influence corporate decisions and potentially impact the stock's liquidity and future direction.

Risk Assessment

Risk Level: medium — While a large stake can signal confidence, it also concentrates voting power, which could lead to decisions favoring the large shareholder over others.

Analyst Insight

Investors should monitor future filings by Kevin P. Gilboy for any changes in his ownership, as a significant increase or decrease could signal his evolving sentiment about the company's prospects.

Key Numbers

• 1,683,168 — Shares Beneficially Owned (Represents the total number of Common Stock shares of Innovative Solutions and Support, Inc. that Kevin P. Gilboy has shared voting and dispositive power over.)
• 9.64% — Percent of Class (Indicates the significant portion of Innovative Solutions and Support, Inc.'s Common Stock owned by Kevin P. Gilboy, giving him substantial influence.)
• $0.001 — Par Value per Share (The nominal value of each Common Stock share of Innovative Solutions and Support, Inc.)

Key Players & Entities

• Kevin P. Gilboy (person) — reporting person, beneficial owner of shares
• Innovative Solutions and Support, Inc. (company) — issuer of the securities
• 1,683,168 (dollar_amount) — number of shares beneficially owned
• 9.64% (dollar_amount) — percentage of class represented by shares owned
• August 9, 2023 (dollar_amount) — date of event requiring the filing

Forward-Looking Statements

• Kevin P. Gilboy will maintain his significant stake in Innovative Solutions and Support, Inc. for the foreseeable future. (Kevin P. Gilboy) — medium confidence, target: 2025-02-09

FAQ

Key Financial Figures

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

Filing Documents

• tm245761d1_sc13g.htm (SC 13G) — 56KB
• 0001104659-24-012971.txt ( ) — 58KB

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c),

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with §240.13d-1(b)(1)(ii)(K) If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Ownership

Item 4. Ownership (a) Amount beneficially owned: 1,683,168 (b) Percent of class: 9.64% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 1,683,168 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 1,683,168 As of the date hereof, the Reporting Person may be deemed to beneficially own 9.64% of the outstanding shares of Common Stock in the aggregate as a co-trustee of the Trusts in which the Shares are held. This percentage is calculated 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 Person disclaims beneficial Shares.

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class Not applicable.

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certification

Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 8, 2024 /s/ Kevin P. Gilboy Kevin P. Gilboy, as co-trustee

View Full Filing

View this SC 13G filing on SEC EDGAR