4//SEC Filing
GLAZER AVRAM A 4
Accession 0001006837-24-000041
CIK 0001006837other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 4:06 PM ET
Size
6.6 KB
Accession
0001006837-24-000041
Insider Transaction Report
Form 4
INNOVATE Corp.VATE
GLAZER AVRAM A
Director10% Owner
Transactions
- Award
Series C Non-Voting Participating Convertible Pref Stock
2024-03-28$1000.00/sh+25,000$25,000,000→ 25,000 total(indirect: By LLC)Exercise: $0.70→ Common Stock (35,714,285 underlying)
Footnotes (3)
- [F1]The Series C Non-Voting Participating Convertible Preferred Stock will convert automatically into common stock upon stockholder approval of the conversion and may be converted at the option of the reporting person prior to the consummation of any merger, sale of all or substantially all assets of the Issuer, or other change of control transaction with a third party unaffiliated with any holder of the Series C Preferred Stock pursuant to which the Issuer will be delisted from the New York Stock Exchange.
- [F2]The reported security does not have an expiration date.
- [F3]The reporting person is the trustee of the Avram Glazer Irrevocable Exempt Trust (the "Trust"), which is the sole member of Lancer Capital LLC ("Lancer Capital:), and in such capacity may be deemed to beneficially own the shares held of record by Lancer Capital and the Trust.
Documents
Issuer
INNOVATE Corp.
CIK 0001006837
Entity typeother
IncorporatedNY
Related Parties
1- filerCIK 0001077812
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 4:06 PM ET
- Size
- 6.6 KB