Form 4: Innventure Director James O. Donnally Reports Changes in Beneficial Ownership

Director James O. Donnally reports transactions involving Innventure, Inc. common stock and Series C Preferred Stock, including acquisitions, distributions, and indirect ownership through trusts and funds.

Summary

• James O. Donnally, a director of Innventure, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The reported transactions include acquisitions of common stock related to a milestone achievement, a pro rata distribution of common stock from Innventure1 LLC, and the issuance of Series C Preferred Stock in satisfaction of loans.
• Donnally's holdings are both direct and indirect, through entities like the Donnally Trust, Innventure1 LLC, and the Glockner Family Venture Fund.
• He disclaims beneficial ownership of certain shares except to the extent of his pecuniary interest.
• The Series C Preferred Stock is convertible into common stock, with the conversion rate dependent on the Reset Conversion Price.
• The filing also indicates a distribution of common stock from Innventure1 LLC to the Donnally Trust and other members.
• The reporting person has voting and investment power over shares held by the Donnally Trust.
• The reporting person is a member of the board of directors of Innventure1 and, as such, shares voting and investment power over the securities held by Innventure1.
• The reporting person is a 25% owner of the Glockner Fund and is a 25% owner and the Managing Member of Bellringer Consulting Group, LLC ('Bellringer'), the general partner of the Glockner Fund.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It reports transactions but doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The document does not contain explicit forward-looking statements, but it does detail ongoing transactions and ownership structures that will influence the company's future.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Related Party Transactions

• Series C Preferred Stock was issued in satisfaction of loans made to AeroFlexx Packaging Company, LLC and Innventure LLC by Auto Now Acceptance Co., LLC ('Auto Now'), an affiliate of the Glockner Fund.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders as they provide insight into insider activity.
• The issuance of Series C Preferred Stock in satisfaction of loans could impact the company's capital structure.

Key Dates

Keywords

Innventure, Donnally, Beneficial Ownership, Form 4, Common Stock, Series C Preferred Stock, Milestone Achievement, Innventure1 LLC, Glockner Family Venture Fund, Distribution