Sec Form 4 Filing - GLAZER AVRAM A @ INNOVATE Corp. - 2024-12-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
GLAZER AVRAM A
2. Issuer Name and Ticker or Trading Symbol
INNOVATE Corp. [ VATE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O WOODS OVIATT GILMAN LLP, 1900 BAUSCH & LOMB PLACE
3. Date of Earliest Transaction (MM/DD/YY)
12/16/2024
(Street)
ROCHESTER, NY14604
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/16/2024 G( 1 ) 2,097,902 D $ 0 2,135,523 D
Common Stock 12/16/2024 G( 2 ) 2,097,902 D $ 0 37,621 D
Common Stock 12/16/2024 G( 1 ) 2,097,902 A $ 0 2,097,902 I LHG Irrevocable Exempt Trust ( 3 )
Common Stock 12/16/2024 G( 2 ) 2,097,902 A $ 0 2,097,902 I KAG Irrevocable Exempt Trust ( 4 )
Common Stock 317,244 I Avram Glazer Irrevocable Exempt Trust ( 5 )
Common Stock 2,211,805 I Lancer Capital ( 6 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GLAZER AVRAM A
C/O WOODS OVIATT GILMAN LLP
1900 BAUSCH & LOMB PLACE
ROCHESTER, NY14604
X X
Signatures
/s/ Avram A. Glazer 12/18/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Mr. Glazer gifted 2,097,902 shares of common stock to the LHG Irrevocable Exempt Trust, a trust for the benefit of one of his children, of which his wife is the trustee.
( 2 )Mr. Glazer gifted 2,097,902 shares of common stock to the KAG Irrevocable Exempt Trust, a trust for the benefit of one of his children, of which his wife is the trustee.
( 3 )The LHG Irrevocable Exempt Trust, is a trust for the benefit of one of Mr. Glazer's children, of which his wife is the trustee.
( 4 )The KAG Irrevocable Exempt Trust, is a trust for the benefit of one of Mr. Glazer's children, of which his wife is the trustee.
( 5 )The reported shares are owned by the Avram Glazer Irrevocable Exempt Trust (the "Trust"). Mr. Glazer is the Trustee of the Trust, and in such capacity may be deemed to beneficially own the shares held of record by the Trust.
( 6 )The reported shares are owned by Lancer Capital LLC ("Lancer"). The Avram Glazer Irrevocable Exempt Trust (the "Trust") is the sole owner of Lancer, and in such capacity may be deemed to beneficially own the shares held of record by Lancer. Mr. Glazer is the Trustee of the Trust, and in such capacity may be deemed to beneficially own the shares held of record by Lancer Capital and the Trust.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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