INNOVATE Corp. — Director's Dealing 2024

Apr 1, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNOVATE Corp. (VATE)
CIK: 0001006837
Period of Report: 2024-03-28

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-28	Series C Non-Voting Participating Convertible Pref Stock	$0.70	A	25000	Acquired		Common Stock (35714285)	Indirect

Footnotes

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.