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
  1. 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.
  2. Shares disposed of to satisfy taxes payable in connection with the vesting of previously awarded restricted stock.
  3. 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.
  4. 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.