Common Stock, par value $0.001 per share

INNOVATE Corp.

295 Madison Avenue, New York, NY, 10017

Avram Glazer ("Mr. Glazer"), a natural person and citizen of the United States of America; Lancer Capital LLC ("Lancer"), a Delaware limited liability company; Avram Glazer Irrevocable Exempt Trust ("AG Trust"), a Florida trust; Jill H Glazer ("Mrs. Glazer"), a natural person and citizen of the United States of America; LHG Irrevocable Exempt Trust ("LHG Trust"), a Florida trust; and KAG Irrevocable Exempt Trust ("KAG Trust"), a Florida trust

c/o Woods Oviatt Gilman LLP, 1900 Bausch & Lomb Place, Rochester, NY

The present principal occupation of Mr. Glazer is Executive Co-Chairman and Director of Manchester United plc, a professional sports club. The present principal occupation of Mrs. Glazer is Board President of The Palm Beach Cultural Innovation Center, which operates a non-profit performing arts venue in Palm Beach, Florida. Lancer, AG Trust, LHG Trust and KAG Trust were formed for the purposes of holding shares of the Issuer.

During the last five years, none of the Reporting Persons (i) has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

UNITED STATES

Avram Glazer 6,809,739 shares 51.5% Lancer Capital LLC 2,211,805 shares 17.1% Avram Glazer Irrevocable Exempt Trust 2,529,049 shares 19.5% Jill H. Glazer 6,809,739 shares 51.5% LHG Irrevocable Exempt Trust 2,097,902 shares 15.9% KAG Irrevocable Exempt Trust 2,097,902 shares 15.9%

Avram Glazer 0; 0; 6,809,739; 6,809,739 Lancer Capital LLC 2,211,805; 2,211,805; 0; 0 Avram Glazer Irrevocable Exempt Trust 2,613,935; 2,613,935; 0;0 Jill H. Glazer 0; 0; 6,809,739; 6,809,739 LHG Irrevocable Trust 0; 0; 2,097,902; 2,097,902 KAG Irrevocable Trust; 0; 0; 2,097,902; 2,097,902 Lancer is the record holder of 2,211,805 shares of Common Stock, the AG Trust is the record holder of 317,244 shares of Common Stock, Mr. Glazer is the record holder of 37,621 shares of Common Stock, the LHG Trust is the record holder of 2,097,902 shares of Common Stock and the KAG Trust is the record holder of 2,097,902 shares of Common Stock. Mrs. Glazer is not the record holder of any shares of Common Stock. The AG Trust is the sole owner of Lancer, and in such capacity may be deemed to beneficially own the shares held of record by Lancer. Mr. Glazer is the trustee of the AG Trust, and in such capacity may be deemed to beneficially own the shares held of record by the AG Trust and Lancer. Mrs. Glazer is the trustee of the LHG Trust and the KAG Trust and in such capacity may be deemed to beneficially own the shares held of record by the the LHG Trust and the KAG Trust. Mr. Glazer and Mrs. Glazer, as spouses, may each be deemed to beneficially own the shares beneficially owned by the other.

On December 13, 2024, Lancer distributed 4,195,804 shares of Common Stock to the AG Trust, which in turn immediately distributed them to Mr. Glazer. On December 16, 2024, Mr. Glazer gifted 2,097,902 of such shares of Common Stock to the LHG Trust and 2,097,902 of such shares of Common Stock to the KAG Trust. Except for the forgoing, none of the Reporting Persons acquired any shares of Common Stock during the past sixty days.

None

Not applicable