INNOVATE Corp. — Director's Dealing 2020

Nov 30, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HC2 HOLDINGS, INC. (HCHC)
CIK: 0001006837
Period of Report: 2020-11-25

Reporting Person: GLAZER AVRAM A (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-25	Common Stock	C	11891539	—	Acquired	11891539	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-25	Series B Non-Voting Participating Convertible Preferred Stoc	$21433793.53	P	21433.71	Acquired		Common Stock (21433.71)	Indirect

Footnotes

F1: The Reporting Person acquired 21,433.71 shares of Series B Non-Voting Participating Convertible Preferred Stock on November 25, 2020. Immediately following this acquisition, the Reporting Person converted the aggregate 26,933.71 shares of Series B Non-Voting Participating Convertible Preferred Stock owned by it into 11,891,539 shares of common stock of the Issuer.

F2: The Series B Non-Voting Participating Convertible Preferred Stock is convertible, subject to certain conditions, into Common Stock and has no expiration date.