Innovator ETFs Trust – Innovator Equity Dual Directional 15 Buffer ETF – October is a U.S.-domiciled exchange-traded fund that seeks capital appreciation through a defined-outcome strategy linked to the price performance of the SPDR S&P 500 ETF Trust. Trading on the Cboe BZX Exchange under the ticker DDFO, the fund uses FLEX Options to provide U.S. large-cap equity exposure with a dual-directional return profile: it seeks to participate in positive reference-asset returns up to a stated upside cap; generate positive returns equal to the absolute value of reference-asset declines within a defined inverse-performance threshold; and buffer losses beyond that threshold, before fees and expenses. The October-series fund is designed for annual outcome periods and may be held indefinitely, with its targeted outcome parameters resetting annually. Innovator Capital Management, LLC serves as the fund’s investment manager, while Foreside Fund Services, LLC distributes its shares. The fund is part of the Innovator ETFs Trust and is marketed under the Innovator Defined Outcome ETFs platform, which offers exchange-traded strategies designed to provide pre-defined market-exposure and risk-management characteristics to individual and institutional investors in the United States. DDFO was formed on September 30, 2025 and listed on October 1, 2025; it carries a 0.79% expense ratio and references the SPDR S&P 500 ETF Trust. For the October 1, 2025 through September 30, 2026 outcome period, DDFO launched with a 9.02% upside cap, a 15.00% inverse cap and a 15.00% buffer, before fees and expenses. The principal recent corporate development is the fund’s launch as Innovator’s October extension of its Dual Directional ETF range in October 2025, expanding the firm’s defined-outcome lineup with a strategy intended to pursue limited positive outcomes in both rising markets and certain declining markets.