Michael J. Sena - Apr 24, 2024 Form 4 Insider Report for INNOVATE Corp. (VATE)

Role
Chief Financial Officer
Signature
/s/ Michael J. Sena
Stock symbol
VATE
Transactions as of
Apr 24, 2024
Transactions value $
$80,000
Form type
4
Date filed
4/25/2024, 05:09 PM
Previous filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VATE Common Stock Options Exercise $80K +114K +10.81% $0.70 1.17M Apr 24, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VATE Subscription Rights (right to buy) Options Exercise $0 -400K -100% $0.00* 0 Apr 24, 2024 Common Stock 114K $0.70 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were directly acquired by the reporting person as a result of the exercise of subscription rights which were issued to the reporting person in the Issuer's rights offering.
F2 Every one (1) subscription right entitles the reporting person to purchase 0.2858 shares of the Issuer's common stock at a subscription price per full share of $0.70.