Filing Details
- Accession Number:
- 0001006837-24-000027
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-03-18 16:16:02
- Reporting Period:
- 2024-03-14
- Accepted Time:
- 2024-03-18 16:16:02
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1006837 | Innovate Corp. | VATE | Fabricated Structural Metal Products (3440) | 541708481 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1562966 | J. Michael Sena | 295 Madison Avenue 12Th Floor New York NY 10017 | Cfo And Corporate Secretary | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2024-03-14 | 358,015 | $0.00 | 1,090,493 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2024-03-14 | 11,675 | $0.69 | 1,078,818 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2024-03-15 | 21,471 | $0.62 | 1,057,347 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Footnotes
- 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.
- Shares disposed of to satisfy taxes payable in connection with the vesting of previously awarded restricted stock.
- 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.
- 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.
Billionaire Hedge Funds
