Avram A. Glazer - Jun 15, 2023 Form 4 Insider Report for INNOVATE Corp. (VATE)

Role
Director, 10%+ Owner
Signature
/s/ Avram A. Glazer
Stock symbol
VATE
Transactions as of
Jun 15, 2023
Transactions value $
$0
Form type
4
Date filed
6/20/2023, 04:25 PM
Previous filing
Nov 8, 2022
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VATE Common Stock Award $0 +46.4K +27.48% $0.00 215K Jun 15, 2023 Direct F1
holding VATE Common Stock 19.4M Jun 15, 2023 Lancer Capital F2
holding VATE Common Stock 3.14M Jun 15, 2023 Avram Glazer Irrevocable Exempt Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares will vest and become non-forfeitable on the earlier of (i) the first anniversary of the grant date and (ii) the first regular annual meeting of the Company's stockholders that occurs following the date of grant (subject to continued service with the Company through such vesting date).
F2 The reported shares were purchased 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. The Reporting Person 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.
F3 The reported shares were acquired by the Avram Glazer Irrevocable Exempt Trust (the "Trust"). Reporting person is the Trustee of the Trust, and in such capacity may be deemed to beneficially own the shares held of record by the Trust.