Paul Voigt - 24 Apr 2024 Form 4 Insider Report for INNOVATE Corp. (VATE)

Role: Interim CEO
Signature: /s/ Paul Voigt
Issuer symbol: VATE
Transactions as of: 24 Apr 2024
Net transactions value: +$258,391
Form type: 4
Filing time: 25 Apr 2024, 17:10:21 UTC
Previous filing: 27 Jul 2023
Next filing: 12 Jun 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VATE	Common Stock	Options Exercise	$258,391	+369,130	+29%	$0.7000	1,660,698	24 Apr 2024	Direct	F1
holding	VATE	Common Stock						58,611	24 Apr 2024	Jessie Holdings LLC	F2

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	-1,291,568	-100%	$0.000000^*	0	24 Apr 2024	Common Stock	369,130	$0.7000	Direct	F3

* 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	Reporting Person is a Director of Jessie LLC and has sole voting and investment control.
F3	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.