Sena Michael J. 4

What Happened

• Michael J. Sena, Chief Financial Officer of INNOVATE Corp. (VATE), had a total of 7,911 shares withheld by the issuer to satisfy taxes arising from the vesting of previously awarded restricted stock. These dispositions occurred over three dates: 1,784 shares on 2026-03-13 at $4.35 ($7,760), 4,920 shares on 2026-03-14 at $4.22 ($20,762), and 1,207 shares on 2026-03-15 at $4.22 ($5,094). Aggregate value of shares withheld is approximately $33,616. This is a routine tax-withholding disposition, not an open-market sale.

Key Details

• Transaction dates and prices:
  • 2026-03-13: 1,784 shares withheld at $4.35 — $7,760
  • 2026-03-14: 4,920 shares withheld at $4.22 — $20,762
  • 2026-03-15: 1,207 shares withheld at $4.22 — $5,094
• Total shares withheld/disposed: 7,911 shares; total value ≈ $33,616.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 — "Shares withheld by Issuer to satisfy taxes payable in connection with the vesting of previously awarded restricted stock."
• Filing: Form 4 filed 2026-03-16 covering transactions through 2026-03-15; filing appears timely (reported within the normal two-business-day window).

Context

• Tax-withholding (F) transactions are common when restricted stock vests; the company retains a portion of shares to cover tax obligations. These are routine dispositions and do not necessarily indicate the insider's sentiment about the stock.