Suzi R. Herbst - 16 Mar 2022 Form 4 Insider Report for INNOVATE Corp. (VATE)

Signature
/s/ Suzi R. Herbst
Issuer symbol
VATE
Transactions as of
16 Mar 2022
Net transactions value
-$28,857
Form type
4
Filing time
18 Mar 2022, 16:17:25 UTC
Previous filing
15 Mar 2022
Next filing
21 Apr 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VATE Common Stock Sale $28,857 -8,081 -3.6% $3.57 213,759 16 Mar 2022 Direct F1, F2
holding VATE Common Stock 9,276 16 Mar 2022 Trusts FBO Children F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold to satisfy taxes payable in connection with the vesting of previously awarded restricted stock.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.48 to $3.64, 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 sold at each separate price within the ranges set forth in this footnote.
F3 The shares of common stock reported herein are held in two trusts, each trust for the benefit of one of the Reporting Person's children. The Reporting Person's spouse serves as trustee for each trust. The Reporting Person disclaims beneficial ownership of all securities held by such trusts except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.