Sena Michael J. 4
4 · INNOVATE Corp. · Filed Mar 18, 2024
Insider Transaction Report
Form 4
INNOVATE Corp.VATE
Sena Michael J.
Chief Financial Officer
Transactions
- Award
Common Stock
2024-03-14+358,015→ 1,090,493 total - Sale
Common Stock
2024-03-14$0.69/sh−11,675$8,004→ 1,078,818 total - Sale
Common Stock
2024-03-15$0.62/sh−21,471$13,349→ 1,057,347 total
Footnotes (4)
- [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.