Key facts
- This page summarizes Michael Gorzynski's Form 4 filing for INNOVATE Corp. (VATE).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 21 Mar 2024, 18:40.
Michael Gorzynski - 19 Mar 2024 Form 4 Insider Report for INNOVATE Corp. (VATE)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- VATE
- Reported as of
- 19 Mar 2024
- Net transaction value
- -$490
- SEC form
- 4
- Accepted by SEC
- 21 Mar 2024, 18:40:20 UTC
- Prior SEC filing
- 19 Mar 2024
- Next SEC filing
- 06 May 2024
- Source filing
- View source filing
- Reporting owner signature
- By: /s/ Michael Gorzynski
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael Gorzynski filed Form 4 for INNOVATE Corp. (VATE) on 21 Mar 2024.
Change
- Previous filing in this sequence was filed on 19 Mar 2024.
- Current net transaction value: -$490.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VATE
transaction
Derivative
Subscription Rights (right to buy)
Sale
- Transaction value
- $490
- Shares
- -100,000
- Change %
- -2%
- Price
- $0.004900*
- Shares after
- 4,948,755
- Date
- 19 Mar 2024
- Ownership
- By: Percy Rockdale LLC
- Underlying class
- Common Stock, par value $0.001 per share
- Underlying amount
- 25,000
- Exercise price
- $0.7000
- Footnotes
- F1, F2, F3, F4, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
The subscription rights were distributed by INNOVATE Corp., in a transaction exempt under Exchange Act Rule 16a-9(b).
Footnote F2
The rights offering commenced on March 8, 2024.
Footnote F3
The rights offering will expire at 5:00 p.m., Eastern time, on March 25, 2024 unless extended by INNOVATE Corp.
Footnote F4
The price reported in Column 8 is a weighted average price. These subscription rights were sold in multiple transactions ranging from $0.0042 to $0.0051, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, INNOVATE Corp., or any security holder of INNOVATE Corp., upon request, full information regarding the number of subscription rights sold at each separate price within the range.
Footnote F5
The reporting person and certain other persons may be deemed to be members of a Section 13(d) group that beneficially owns more than 10% of the Issuer's outstanding Common Stock. The reporting person disclaims beneficial ownership of the shares of Common Stock of the Issuer beneficially owned directly by the other members of the Section 13(d) group except to the extent of its pecuniary interest therein.
Footnote F6
These securities are directly owned solely by Percy Rockdale LLC ("Percy Rockdale"). Mr. Gorzynski, as the sole Manager of Percy Rockdale, may be deemed to beneficially own the shares of Common Stock directly held by Percy Rockdale.