Avram A. Glazer - May 6, 2022 Form 4 Insider Report for INNOVATE Corp. (VATE)

Role
Director, 10%+ Owner
Signature
/s/ Avram A. Glazer
Stock symbol
VATE
Transactions as of
May 6, 2022
Transactions value $
$1,131,758
Form type
4
Date filed
5/10/2022, 04:17 PM
Previous filing
Jul 7, 2021
Next filing
Nov 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VATE Common Stock Purchase $293K +100K +0.53% $2.92 19.1M May 6, 2022 Lancer Capital F1, F2
transaction VATE Common Stock Purchase $839K +300K +1.57% $2.80 19.4M May 9, 2022 Lancer Capital F2, F3
holding VATE Common Stock 56.3K May 6, 2022 Direct
holding VATE Common Stock 3.14M May 6, 2022 Avram Glazer Irrevocable Exempt Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.805 to $3.00, 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.
F2 The reported shares were purchased by Lancer Capital LLC ("Lancer"). The Avram Glazer Irrevocable Exempt Trust (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.
F3 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.72 to $2.86, 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 are held 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.