Form 4: Innventure Director James O. Donnally Reports Conversion of Series C Preferred Stock

Director James O. Donnally reports the conversion of Series C preferred stock into common stock by the Glockner Family Venture Fund, along with adjustments to his beneficial ownership.

Summary

• On April 25, 2025, the Glockner Family Venture Fund converted 1,970,353 shares of Series C preferred stock into 3,940,706 shares of Innventure, Inc. common stock.
• The conversion rate was determined by a formula based on the Reset Conversion Price, which was $5.00 on the transaction date.
• James O. Donnally, a director of Innventure, is a 25% owner of the Glockner Fund and the Managing Member of Bellringer Consulting Group, LLC, the general partner of the Glockner Fund.
• Donnally disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.
• Donnally also directly holds 7,377 shares of Common Stock and the James O. Donnally Revocable Trust holds 1,500,431 shares of Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock conversion. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about insider transactions.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, allowing investors to monitor potential changes in ownership and sentiment.

Stakeholder Impact

• The conversion of preferred stock to common stock may dilute existing shareholders' equity.
• The transaction provides insight into the actions of a director and major shareholder, which can influence investor confidence.

Key Dates

Keywords

Form 4, Beneficial Ownership, Series C Preferred Stock, Common Stock, Conversion, Innventure, Donnally, Glockner Fund