Avram A. Glazer - Jun 17, 2021 Form 4 Insider Report for HC2 HOLDINGS, INC. (VATE)

Role: Director, 10%+ Owner
Signature: /s/ Avram A. Glazer
Stock symbol: VATE
Transactions as of: Jun 17, 2021
Transactions value $: $327,981
Form type: 4
Date filed: 6/21/2021, 05:16 PM
Previous filing: Jun 4, 2021
Next filing: Jun 24, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VATE	Common Stock	Award	$0	+22.6K	+66.84%	$0.00	56.3K	Jun 17, 2021	Direct	F1
transaction	VATE	Common Stock	Purchase	$282K	+71K	+2.53%	$3.98	2.88M	Jun 18, 2021	Avram Glazer Irrevocable Exempt Trust	F2, F3, F4
transaction	VATE	Common Stock	Purchase	$45.6K	+11.6K	+0.4%	$3.93	2.89M	Jun 21, 2021	Avram Glazer Irrevocable Exempt Trust	F2, F5
holding	VATE	Common Stock						19M	Jun 17, 2021	Lancer Capital	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares will vest and become non-forfeitable on the earlier of (i) the first anniversary of the grant date and (ii) the first regular annual meeting of the Company's stockholders that occurs following the date of grant (subject to continued service with the Company through such vesting date).
F2	Share purchase effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2021.
F3	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.90 to $4.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F4	The reported shares were acquired by the Avram Glazer Irrevocable Exempt Trust (the "Trust"). Reporting person is the Trustee of the Trust, and in such capacity may be deemed to beneficially own the shares held of record by the Trust.
F5	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.86 to $3.98, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F6	The reported shares are held by Lancer Capital LLC ("Lancer"). The Trust is the sole owner of Lancer, and in such capacity may be deemed to beneficially own the shares held of record by Lancer. The Reporting Person is the Trustee of the Trust, and in such capacity may be deemed to beneficially own the shares held of record by Lancer Capital and the Trust.