Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.
Market Information
The Company’s common stock has been traded on the Nasdaq Global Select Market® tier of the Nasdaq Stock Market, LLC under the symbol “ISSC” since its initial public offering on August 4, 2000.
Holders of Common Stock
As of December 4 , 2025, there were approximately ten registered holders of the Company’s common stock. A substantially greater number of holders of the Company’s common stock are beneficial holders, whose shares of record are held by banks, brokers and other financial institutions in “street name.”
Dividends
The Company’s has not paid cash dividends since the fiscal year ended September 30, 2021. The Company intends to retain future earnings, if any, to finance the development and growth of its business and does not anticipate paying any cash dividends in the foreseeable future. The declaration and payment of any dividend in the future will be at the discretion of the Board of Directors and will depend on then-existing conditions, including our operating results, financial condition, business prospects and other factors the Board of Directors may deem relevant.
Securities Authorized for Issuance under Equity Compensation Plans
The following table sets forth additional information as of September 30, 2025 with respect to the shares of common stock that may be issued upon the exercise of options and other rights under our existing equity compensation plans and arrangements in effect as of September 30, 2025. The information includes the number of shares covered by, and the weighted average exercise price of, outstanding options and the number of shares remaining available for future grant, excluding the shares to be issued upon exercise of outstanding options.
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Securities Authorized for Issuance under Equity Compensation Plans
Number of
securities
remaining
Number of
available for
securities to be
Weighted-
future issuance
issued upon
average
under equity
exercise of
exercise price
compensation
outstanding
of outstanding
plans (excluding
options,
options,
securities
warrants and
warrants and
reflected in
rights (a)
rights (b) (1)
column(a) (c) (2)
Equity compensation plans approved by security holders (3)
945,769
$
8.07
1,375,682
Equity compensation plans not approved by security holders
-
-
-
Total
945,769
$
8.07
1,375,682
(1) Consists of the weighted average exercise price of outstanding options (“NQSOs”) and time vested stock options with a market based exercise price condition (“ MSOs”) as of September 30, 2025.
(2) Consists entirely of shares of common stock that remain available for future issuance under 2019 Stock-Based Incentive Compensation Plan as of September 30, 2025.
(3) Consists of 361,613 NQSO's, 72,062 MSO's, 311,094 time-vested Restricted Stock Units (“RSUs”) and 201,000 market-based restricted stock units (“MSUs”) outstanding as of September 30, 2025 under the 2019 Stock-Based Incentive Compensation Plan.
(3) RSUs and MSU’s were excluded when determining the weighed-average exercise price of outstanding options, warrants and rights.
Issuer Purchases of Equity Securities
We did not repurchase any of our equity securities during fiscal year 2025.
Recent Sales of Unregistered Securities
We did not issue any equity securities during fiscal year 2025 that were not registered under the Securities Act and that have not otherwise been described in a Quarterly Report on Form 10-Q or a Periodic Report on Form 8-K.
Item 6. [Reserved]
This item is not longer required.
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