Key facts
- This page summarizes Michael Gorzynski's Form 4 filing for HC2 HOLDINGS, INC. (VATE).
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 06 Jul 2021, 21:21.
Michael Gorzynski - 01 Jul 2021 Form 4 Insider Report for HC2 HOLDINGS, INC. (VATE)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- VATE
- Reported as of
- 01 Jul 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 06 Jul 2021, 21:21:22 UTC
- Prior SEC filing
- 28 Jun 2021
- Next SEC filing
- 11 Jan 2023
- Source filing
- View source filing
- Reporting owner signature
- By: /s/ Michael Gorzynski
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael Gorzynski filed Form 4 for HC2 HOLDINGS, INC. (VATE) on 06 Jul 2021.
Change
- Previous filing in this sequence was filed on 28 Jun 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VATE
transaction
Derivative
Series A-3 Convertible Preferred Stock
Other
- Transaction value
- Shares
- +6,125
- Change %
- Price
- Shares after
- 6,125
- Date
- 01 Jul 2021
- Ownership
- By: Continental General Insurance Co
- Underlying class
- Common Stock, par value $0.001 per share
- Underlying amount
- 1,764,357
- Exercise price
- $3.52
- Footnotes
- F1, F2, F3, F4
VATE
transaction
Derivative
Series A-4 Convertible Preferred Stock
Other
- Transaction value
- Shares
- +10,000
- Change %
- Price
- Shares after
- 10,000
- Date
- 01 Jul 2021
- Ownership
- By: Continental General Insurance Co
- Underlying class
- Common Stock, par value $0.001 per share
- Underlying amount
- 1,875,539
- Exercise price
- $5.33
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
The securities reported herein were indirectly acquired upon the closing of the purchase of Continental Insurance Group Ltd. ("CIG") by Continental General Holdings LLC ("CGH") pursuant to that certain Stock Purchase Agreement, dated as of March 26, 2021, by and among HC2 Holdings 2, Inc., CGH and CIG, as further described in the reporting person's Amendment No. 8 to Schedule 13D filed with the Securities Exchange Commission on July 2, 2021.
Footnote F2
The reporting person, CIG, CGH, Continental General Insurance Company ("CGIC"), Continental LTC, Inc. ("CLTC") and certain other persons may be deemed to be members of a Section 13(d) group that beneficially owns more than 10% of the Issuer's outstanding Common Stock. The securities reported herein are directly held by CGIC. CLTC serves as the sole owner of CGIC. CIG serves as the sole owner of CLTC and the indirect parent operating company of CGIC. CGH serves as an investment holding company and the sole owner of CIG. Mr. Gorzynski is a manager and Executive Chairman, and sole owner, of CGH. By virtue of the foregoing relationships, Mr. Gorzynski may be deemed to beneficially own the shares beneficially owned directly by CGIC.
Footnote F3
Continued from footnote 1: The reporting person disclaims beneficial ownership of the shares of Common Stock of the Issuer beneficially owned directly by the other members of the Section 13(d) group except to the extent of his pecuniary interest therein.
Footnote F4
The Series A-3 Convertible Preferred Stock and the Series A-4 Convertible Preferred Stock are exercisable at any time at the option of the holder.