Innovator Equity Dual Directional 10 Buffer ETF - December

Innovator Equity Dual Directional 10 Buffer ETF - December is an exchange-traded fund designed to provide defined outcome exposure linked to the SPDR S&P 500 ETF Trust through FLEX options. The fund seeks to participate in both rising and certain declining markets over a one-year outcome period, with upside participation limited by a cap, gains targeted when the reference asset falls within a specified inverse threshold, and downside losses limited by a 10% buffer before fees and expenses. It is part of Innovator’s December series and can be held indefinitely, with outcomes resetting annually. The ETF is used by investors looking for a structured equity strategy that combines market participation with predefined downside protection features and capped upside potential within a broad U.S. large-cap equity framework.