Avram A. Glazer - Dec 16, 2024 Form 4 Insider Report for INNOVATE Corp. (VATE)

Role
Director, 10%+ Owner
Signature
/s/ Avram A. Glazer
Stock symbol
VATE
Transactions as of
Dec 16, 2024
Transactions value $
$0
Form type
4
Date filed
12/18/2024, 04:13 PM
Previous filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VATE Common Stock Gift $0 -2.1M -49.56% $0.00 2.14M Dec 16, 2024 Direct F1
transaction VATE Common Stock Gift $0 -2.1M -98.24% $0.00 37.6K Dec 16, 2024 Direct F2
transaction VATE Common Stock Gift $0 +2.1M $0.00 2.1M Dec 16, 2024 LHG Irrevocable Exempt Trust F1, F3
transaction VATE Common Stock Gift $0 +2.1M $0.00 2.1M Dec 16, 2024 KAG Irrevocable Exempt Trust F2, F4
holding VATE Common Stock 317K Dec 16, 2024 Avram Glazer Irrevocable Exempt Trust F5
holding VATE Common Stock 2.21M Dec 16, 2024 Lancer Capital F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Glazer gifted 2,097,902 shares of common stock to the LHG Irrevocable Exempt Trust, a trust for the benefit of one of his children, of which his wife is the trustee.
F2 Mr. Glazer gifted 2,097,902 shares of common stock to the KAG Irrevocable Exempt Trust, a trust for the benefit of one of his children, of which his wife is the trustee.
F3 The LHG Irrevocable Exempt Trust, is a trust for the benefit of one of Mr. Glazer's children, of which his wife is the trustee.
F4 The KAG Irrevocable Exempt Trust, is a trust for the benefit of one of Mr. Glazer's children, of which his wife is the trustee.
F5 The reported shares are owned by the Avram Glazer Irrevocable Exempt Trust (the "Trust"). Mr. Glazer is the Trustee of the Trust, and in such capacity may be deemed to beneficially own the shares held of record by the Trust.
F6 The reported shares are owned 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. Mr. Glazer 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.