Michael J. Sena - Mar 14, 2024 Form 4 Insider Report for INNOVATE Corp. (VATE)

Signature
/s/ Michael J. Sena
Stock symbol
VATE
Transactions as of
Mar 14, 2024
Transactions value $
-$21,353
Form type
4
Date filed
3/18/2024, 04:16 PM
Previous filing
Mar 31, 2023
Next filing
Apr 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VATE Common Stock Award $0 +358K +48.88% $0.00 1.09M Mar 14, 2024 Direct F1
transaction VATE Common Stock Sale -$8K -11.7K -1.07% $0.69 1.08M Mar 14, 2024 Direct F2, F3
transaction VATE Common Stock Sale -$13.3K -21.5K -1.99% $0.62 1.06M Mar 15, 2024 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of restricted stock granted pursuant to the INNOVATE Corp. 2014 Omnibus Equity Award Plan (the "Plan"). Shares will vest and become exercisable in three installments of one-third each on the first, second and third anniversaries of the Date of Grant (each a "Vesting Date"), subject to the continued employment of the Reporting Person on the applicable Vesting Date.
F2 Shares disposed of to satisfy taxes payable in connection with the vesting of previously awarded restricted stock.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.65 to $0.715, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.5706 to $0.6609, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.