INNOVATE (VATE) 10% Owner Avram Glazer Receives 12,016-Share Award

What Happened Avram A. Glazer, reported as a 10% owner of INNOVATE Corp. (VATE), received a grant of 12,016 restricted shares on August 11, 2026. The reported acquisition price is $0, so the immediate cash value reported in the filing is $0. This was an equity award (code A), not a market purchase or sale.

Key Details

• Transaction date: 2026-08-11; Form 4 filed 2026-08-13 (appears timely under the typical two-business-day rule).
• Shares granted: 12,016 restricted shares; acquisition price reported as $0 (award).
• Shares owned after transaction: not specified in the filing.
• Vesting: Per footnote, shares vest and become non-forfeitable on the earlier of (i) the first anniversary of the grant date or (ii) the first regular annual stockholders’ meeting after the grant, subject to continued service. (Footnote F1.)
• Beneficial ownership notes: multiple footnotes (F2–F5) state certain shares are held through trusts and entities (e.g., KAG Irrevocable Exempt Trust, Lancer Capital LLC, Avram Glazer Irrevocable Exempt Trust, LHG Irrevocable Exempt Trust); Mr. Glazer is the trustee and may be deemed to beneficially own shares held by those entities.

Context This was an award of restricted stock, not a purchase or sale; such awards are commonly part of compensation or estate/trust arrangements and do not by themselves signal a buying or selling preference in the open market. Because Mr. Glazer is a 10% owner and the filing references trusts and owned entities, these holdings reflect beneficial/institutional ownership structures rather than routine executive open-market trades.