Suzi R. Herbst - Mar 13, 2023 Form 4 Insider Report for INNOVATE Corp. (VATE)

Role: Chief Operating Officer
Signature: /s/ Suzi R. Herbst
Stock symbol: VATE
Transactions as of: Mar 13, 2023
Transactions value $: -$51,384
Form type: 4
Date filed: 3/16/2023, 05:19 PM
Previous filing: Apr 22, 2022
Next filing: Mar 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VATE	Common Stock	Tax liability	-$27.8K	-9.38K	-4.5%	$2.96	199K	Mar 13, 2023	Direct	F1
transaction	VATE	Common Stock	Tax liability	-$23.6K	-8.06K	-4.05%	$2.93	191K	Mar 15, 2023	Direct	F1
holding	VATE	Common Stock						9.28K	Mar 13, 2023	Trusts FBO Children	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares withheld by Issuer to satisfy taxes payable in connection with the vesting of previously awarded restricted stock.
F2	The shares of common stock reported herein are held in two trusts, each trust for the benefit of one of the Reporting Person's children. The Reporting Person's spouse serves as trustee for each trust. The Reporting Person disclaims beneficial ownership of all securities held by such trusts except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Content

Shares withheld by Issuer to satisfy taxes payable in connection with the vesting of previously awarded restricted stock.

The shares of common stock reported herein are held in two trusts, each trust for the benefit of one of the Reporting Person's children. The Reporting Person's spouse serves as trustee for each trust. The Reporting Person disclaims beneficial ownership of all securities held by such trusts except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.