Percy Rockdale LLC - Mar 19, 2024 Form 4 Insider Report for INNOVATE Corp. (VATE)

Role
10%+ Owner
Signature
Percy Rockdale LLC; By: /s/ Michael Gorzynski, Sole Manager
Stock symbol
VATE
Transactions as of
Mar 19, 2024
Transactions value $
-$490
Form type
4
Date filed
3/21/2024, 06:41 PM
Previous filing
Jul 12, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VATE Subscription Rights (right to buy) Sale -$490 -100K -1.98% $0.00* 4.95M Mar 19, 2024 Common Stock, par value $0.001 per share 25K $0.70 Direct F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The subscription rights were distributed by INNOVATE Corp., in a transaction exempt under Exchange Act Rule 16a-9(b).
F2 The rights offering commenced on March 8, 2024.
F3 The rights offering will expire at 5:00 p.m., Eastern time, on March 25, 2024 unless extended by INNOVATE Corp.
F4 The price reported in Column 8 is a weighted average price. These subscription rights were sold in multiple transactions ranging from $0.0042 to $0.0051, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, INNOVATE Corp., or any security holder of INNOVATE Corp., upon request, full information regarding the number of subscription rights sold at each separate price within the range.
F5 The reporting person 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 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 its pecuniary interest therein.