Innovator ETFs Trust – Innovator Equity Dual Directional 10 Buffer ETF – August is an actively managed exchange-traded fund launched by Innovator Capital Management, LLC and co-managed by Milliman Financial Risk Management LLC. The Fund seeks to provide positive returns over an approximately one-year outcome period in both rising markets and specified declining-market scenarios through exposure to the SPDR S&P 500 ETF Trust, which serves as its reference asset. It principally invests in FLexible EXchange Options and other instruments designed to provide S&P 500 ETF exposure; capture reference-asset gains up to a predetermined upside cap; generate positive performance when the reference asset declines within a defined inverse-performance range; provide a 10% inverse cap and buffer; and limit losses beyond the applicable threshold, before fees and expenses. The Fund is part of Innovator ETFs Trust’s U.S. defined-outcome ETF platform and is listed on Cboe BZX under the ticker DDTG. It targets investors, financial advisers, and wealth-management clients seeking equity-market participation with predefined annual outcome parameters, including capped upside potential, limited inverse-market participation, and buffered downside exposure. DDTG was formed in the United States on July 31, 2026, commenced trading on August 3, 2026, and operates as the August series of Innovator’s Equity Dual Directional 10 Buffer ETF product family. Its initial outcome period runs from August 1, 2026 through July 31, 2027, with annual rebalancing thereafter; the initial upside cap is 15.82%, the initial inverse cap and buffer are each 10%, and the annual expense ratio is 0.79%. The Fund’s principal recent development is its 2026 launch as the August-vintage addition to Innovator’s monthly Dual Directional ETF lineup, expanding the issuer’s series of annually resetting S&P 500-linked defined-outcome funds.