4//SEC Filing
Gorzynski Michael 4
Accession 0000921895-24-000700
CIK 0001006837other
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 6:40 PM ET
Size
7.4 KB
Accession
0000921895-24-000700
Insider Transaction Report
Form 4
INNOVATE Corp.VATE
Gorzynski Michael
Director
Transactions
- Sale
Subscription Rights (right to buy)
2024-03-19$0.00/sh−100,000$490→ 4,948,755 total(indirect: By LLC)Exercise: $0.70→ Common Stock, par value $0.001 per share (25,000 underlying)
Footnotes (6)
- [F1]The subscription rights were distributed by INNOVATE Corp., in a transaction exempt under Exchange Act Rule 16a-9(b).
- [F2]The rights offering commenced on March 8, 2024.
- [F3]The rights offering will expire at 5:00 p.m., Eastern time, on March 25, 2024 unless extended by INNOVATE Corp.
- [F4]The price reported in Column 8 is a weighted average price. These subscription rights were sold in multiple transactions ranging from $0.0042 to $0.0051, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, INNOVATE Corp., or any security holder of INNOVATE Corp., upon request, full information regarding the number of subscription rights sold at each separate price within the range.
- [F5]The reporting person and certain other persons may be deemed to be members of a Section 13(d) group that beneficially owns more than 10% of the Issuer's outstanding Common Stock. The reporting person disclaims beneficial ownership of the shares of Common Stock of the Issuer beneficially owned directly by the other members of the Section 13(d) group except to the extent of its pecuniary interest therein.
- [F6]These securities are directly owned solely by Percy Rockdale LLC ("Percy Rockdale"). Mr. Gorzynski, as the sole Manager of Percy Rockdale, may be deemed to beneficially own the shares of Common Stock directly held by Percy Rockdale.
Documents
Issuer
INNOVATE Corp.
CIK 0001006837
Entity typeother
Related Parties
1- filerCIK 0001812551
Filing Metadata
- Form type
- 4
- Filed
- Mar 20, 8:00 PM ET
- Accepted
- Mar 21, 6:40 PM ET
- Size
- 7.4 KB