Form 4: Innventure Executive Chairman Converts Preferred Stock to Common Stock
SEC Form 4 Filing
Michael Otworth, Executive Chairman of Innventure, Inc., converted Series C preferred stock into 228,322 shares of common stock on April 24, 2025.
Summary
- On April 24, 2025, Michael Otworth, the Executive Chairman of Innventure, Inc., converted 114,161 shares of Series C preferred stock into 228,322 shares of common stock.
- The conversion rate for the Series C preferred stock was 2.00, based on a Reset Conversion Price of $5.00.
- Following the transaction, Otworth directly owns 3,480,607 shares of Innventure, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting a pre-arranged conversion of securities. It doesn't inherently signal positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The conversion of preferred stock to common stock may slightly dilute existing shareholders' equity.
Key Dates
| Date | Description |
|---|---|
| 04/23/2025 | Series C Preferred Stock Date Exercisable |
| 04/24/2025 | Date of transaction: conversion of Series C preferred stock to common stock |
| 04/28/2025 | Date of filing |
| 03/24/2030 | Series C Preferred Stock Expiration Date |
Keywords
Innventure, Michael Otworth, Series C Preferred Stock, Common Stock, Conversion, Form 4, Beneficial Ownership, Executive Chairman
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.