Innovator ETFs Trust – Innovator Equity Dual Directional 10 Buffer ETF – June is a U.S.-domiciled exchange-traded fund that seeks positive returns during both rising markets and certain declining markets through a defined-outcome options strategy linked to the price performance of an S&P 500 ETF. The fund, trading under the ticker DDTZ on Cboe BZX, provides U.S. large-cap equity exposure principally through FLexible Exchange Options and related holdings; seeks gains up to a predetermined upside cap when its reference asset appreciates; seeks positive returns, subject to an inverse cap, when the reference asset declines within a specified inverse-performance range; and provides a 10% buffer against reference-asset losses over each annual outcome period, before applicable fees and expenses. The fund is managed by Innovator Capital Management LLC and is distributed by Foreside Fund Services LLC. Its customers include retail investors, financial advisers, wealth managers, and institutions seeking exchange-traded, options-based risk-managed equity exposure. DDTZ was formed on May 29, 2026, listed on June 1, 2026, and operates in the United States. The June-series fund resets its defined outcome parameters annually; its initial outcome period runs from June 1, 2026 through May 31, 2027 and began with a 15.40% upside cap, a 10.00% inverse cap, and a 10.00% buffer, with a 0.79% expense ratio. The principal recent strategic development is the fund’s launch in May–June 2026 as an addition to Innovator’s defined-outcome ETF platform, expanding the sponsor’s Equity Dual Directional 10 Buffer ETF offering with a June reset series designed to pursue capped participation in both positive and specified negative S&P 500 ETF return scenarios.