INNOVATE Corp. (VATE) CFO has 7,911 shares withheld for taxes

Rhea-AI Filing Summary

INNOVATE Corp. Chief Financial Officer Michael J. Sena reported routine tax-related share dispositions. Over three days, a total of 7,911 shares of common stock were withheld by the company to cover taxes tied to vesting of restricted stock, at prices between $4.22 and $4.35 per share. After these non-market tax-withholding transactions, he directly holds 115,982 common shares.

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sena Michael J.

(Last) (First) (Middle)

295 MADISON AVENUE

12TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
INNOVATE Corp. [ VATE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	03/13/2026		F(1)		1,784	D	$4.35	122,109	D
Common Stock	03/14/2026		F(1)		4,920	D	$4.22	117,189	D
Common Stock	03/15/2026		F(1)		1,207	D	$4.22	115,982	D

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. Shares withheld by Issuer to satisfy taxes payable in connection with the vesting of previously awarded restricted stock.

Remarks:

	/s/ Michael J. Sena	03/16/2026
	** Signature of Reporting Person	Date
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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FAQ

What did INNOVATE Corp. (VATE) disclose in this Form 4 filing?

INNOVATE Corp. reported that its CFO, Michael J. Sena, had shares withheld to pay taxes on vesting restricted stock. These are administrative, non-market transactions, not open-market purchases or sales, and reflect standard equity compensation tax handling.

How many INNOVATE Corp. (VATE) shares were involved in the CFO’s tax withholding?

A total of 7,911 INNOVATE Corp. common shares were withheld across three transactions. The withholding covered tax obligations arising from the vesting of previously granted restricted stock awards, rather than representing discretionary buying or selling activity in the open market.

At what prices were the INNOVATE Corp. (VATE) tax-withheld shares valued?

The tax-withheld INNOVATE Corp. shares were valued at $4.22 and $4.35 per share. These prices reflect the fair market value used to determine how many shares were needed to satisfy the CFO’s tax liability on the vesting restricted stock.

How many INNOVATE Corp. (VATE) shares does the CFO hold after these transactions?

Following the tax-withholding dispositions, CFO Michael J. Sena directly holds 115,982 INNOVATE Corp. common shares. This figure, reported in the Form 4, shows his remaining equity position after shares were withheld solely to satisfy related tax obligations.

Do the INNOVATE Corp. (VATE) Form 4 transactions indicate an open-market sale by the CFO?

No, the transactions are coded as “F” and described as payment of taxes by delivering securities. The filing explains the shares were withheld by INNOVATE Corp. to satisfy tax liabilities on vesting restricted stock, not voluntary open-market sales by the CFO.