Further reads for everyone interested in the subject, like me.
Did a little bit of research. These systems are called Ballistic Parachutes.
Specifically, the Cirrus SR22 system is called CAPS. Note that the parachute is standard equipment for the SR22, so this seems like an important part of the plane which is not included as of yet. It’s also noted as a part of the planes identity, with the plane’s nickname being “The plane with a parachute”
For the Icon A5 the parachute is optional, US-registered planes are required to have it though. I’d say that the parachute is less of essence for this plane compared to the Cirrus.
Flight Design’s CTSL’s Wikipedia page is a bit more lacking, only having a page for the CT series, and not specifically for the Supralight. If anyone has good sources for the ballistic parachute on this craft, feel free to link them.