Steven H. Rosen - Jun 21, 2022 Form 4 Insider Report for INVACARE CORP (IVC)

Role
Member of a 10% owner group, 10%+ Owner
Signature
/s/ Steven H. Rosen, as manager of Azurite Management, LLC
Stock symbol
IVC
Transactions as of
Jun 21, 2022
Transactions value $
$219,500
Form type
4
Date filed
6/27/2022, 09:51 PM
Previous filing
Jun 15, 2022
Next filing
Aug 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IVC Common Shares, no par value Purchase $144K +100K +2.63% $1.44* 3.9M Jun 21, 2022 As sole manager of Azurite Management LLC F1, F3
transaction IVC Common Shares, no par value Purchase $75.5K +50K +1.28% $1.51* 3.95M Jun 27, 2022 As sole manager of Azurite Management LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These common shares, no par value (the "Common Shares") were sold in multiple transactions at prices ranging from $1.3666 to $1.53, inclusive. The Reporting Persons undertake to provide to Invacare Corporation (the "Issuer"), any securityholder of the Issuer or the staff of the Securities and Exchange Commission ("SEC Staff"), upon request, full information regarding the number of shares sold at each price within the range specified herein.
F2 The price reported in column 4 is a weighted average price. These Common Shares were sold in multiple transactions at prices ranging from $1.50 to $1.5362, inclusive. The Reporting Persons undertake to provide to the Issuer, any securityholder of the Issuer or the staff of the SEC, upon request, full information regarding the number of Common Shares sold at each price within the range specified herein.
F3 Azurite Management LLC ("Azurite") is the owner of record of all such Common Shares. Mr. Rosen, in his capacity as the sole manager of Azurite, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have indirect beneficial ownership of the Common Shares held by Azurite.

Remarks:

The Reporting Persons (Mr. Rosen and Azurite), along with Crawford United Corporation ("Crawford United"), Edward F. Crawford and Matthew V. Crawford, comprise a group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. Crawford United and Messrs. Crawford separately own Common Shares of the Issuer. Mr. Rosen and Azurite disclaim beneficial ownership over the Common Shares separately owned by Crawford United and Messrs. Crawford and any other Common Shares owned by the group, except to the extent of their respective pecuniary interest therein.