Suzi R. Herbst - Apr 20, 2022 Form 4 Insider Report for INNOVATE Corp. (VATE)

Signature
/s/ Suzi R. Herbst
Stock symbol
VATE
Transactions as of
Apr 20, 2022
Transactions value $
-$19,514
Form type
4
Date filed
4/22/2022, 04:50 PM
Previous filing
Apr 21, 2022
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VATE Common Stock Sale -$19.5K -5.18K -2.43% $3.76 208K Apr 20, 2022 Direct F1, F2
holding VATE Common Stock 9.28K Apr 20, 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 Sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 11, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.75 to $3.81, 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.