Form 4: Innventure Inc. Executive Scott John Stewart Reports Changes in Beneficial Ownership

Chief Strategy Officer Scott John Stewart reports acquisition and disposal of Innventure, Inc. shares and Series C Preferred Stock related to milestone achievements and a pro rata distribution.

Summary

• Scott John Stewart, Chief Strategy Officer of Innventure, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On February 4, 2025, Stewart acquired 92,910 shares of Common Stock due to a milestone achievement under the Business Combination Agreement.
• He also indirectly acquired 2,131 shares of Common Stock through Innventure1 LLC, where he serves as a board member.
• On February 13, 2025, Innventure1 LLC distributed its shares of Common Stock pro rata, resulting in Stewart directly receiving 4,280 shares and other members receiving 54,053 shares.
• Stewart also reports ownership of 226,334 shares of Series C Preferred Stock, convertible into Common Stock, issued in satisfaction of a loan he made to Innventure LLC.
• He also received a cash payment of $194,507 from the Issuer in satisfaction of the loan.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. The milestone achievement is a positive sign, but the overall sentiment is balanced by the routine nature of the disclosure.

Positives

• The acquisition of shares due to milestone achievement suggests progress in the company's strategic goals.
• The satisfaction of a loan to Innventure LLC indicates a resolution of financial obligations.

Future Outlook

The document does not contain explicit forward-looking statements, but the conversion of Series C Preferred Stock is contingent upon the effectiveness of a registration statement filed with the SEC.

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 shifts in ownership and management's alignment with shareholder interests.

Related Party Transactions

• The issuance of Series C Preferred Stock to Scott John Stewart in satisfaction of a loan made to Innventure LLC constitutes a related party transaction.

Stakeholder Impact

• The changes in beneficial ownership may influence investor perception of the company.
• The milestone achievement could positively impact shareholder value.

Next Steps

• Holders of Series C Preferred Stock may convert their shares into Common Stock upon the effectiveness of a registration statement filed with the SEC.

Key Dates

Keywords

Form 4, Beneficial Ownership, Innventure Inc., Scott John Stewart, Series C Preferred Stock, Common Stock, Milestone Achievement, Innventure1 LLC, Distribution