Michael J. Sena - 14 Mar 2024 Form 4 Insider Report for INNOVATE Corp. (VATE)

Signature
/s/ Michael J. Sena
Issuer symbol
VATE
Transactions as of
14 Mar 2024
Net transactions value
-$21,353
Form type
4
Filing time
18 Mar 2024, 16:16:02 UTC
Previous filing
31 Mar 2023
Next filing
25 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VATE Common Stock Award $0 +358,015 +49% $0.000000 1,090,493 14 Mar 2024 Direct F1
transaction VATE Common Stock Sale $8,004 -11,675 -1.1% $0.6856 1,078,818 14 Mar 2024 Direct F2, F3
transaction VATE Common Stock Sale $13,349 -21,471 -2% $0.6217 1,057,347 15 Mar 2024 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of restricted stock granted pursuant to the INNOVATE Corp. 2014 Omnibus Equity Award Plan (the "Plan"). Shares will vest and become exercisable in three installments of one-third each on the first, second and third anniversaries of the Date of Grant (each a "Vesting Date"), subject to the continued employment of the Reporting Person on the applicable Vesting Date.
F2 Shares disposed of to satisfy taxes payable in connection with the vesting of previously awarded restricted stock.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.65 to $0.715, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.5706 to $0.6609, 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.