Form 4: Innventure Inc. Executive Converts Preferred Stock to Common Stock
SEC Form 4 Filing
John Stewart Scott, Chief Strategy Officer of Innventure, Inc., converted Series C preferred stock into common stock on April 24, 2025.
Summary
- On April 24, 2025, John Stewart Scott, the Chief Strategy Officer of Innventure, Inc., converted 226,334 shares of Series C preferred stock into 452,668 shares of common stock.
- The conversion rate was 2.00, based on a Reset Conversion Price of $5.00.
- Following the transaction, Scott directly owns 2,417,719 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a stock conversion, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- The conversion of preferred stock to common stock could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/23/2025 | Date exercisable for Series C Preferred Stock |
| 04/24/2025 | Date of transaction: conversion of Series C Preferred Stock to Common Stock |
| 04/28/2025 | Date of signature for the Form 4 filing |
| 03/24/2030 | Expiration date for Series C Preferred Stock |
Keywords
Form 4, Beneficial Ownership, Common Stock, Series C Preferred Stock, Conversion, Innventure, Inc., Scott John Stewart, Chief Strategy Officer
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