Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 128

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 128
---
 by Innventure and settled in shares of Common Stock, the value of which is determined based on the increase in value of Class A Common Units of 
 Accelsius; Accelsius Units – Accelsius Incentive Units.                                                                                                                                                                            |

| (2) | These stock options vested on October 2, 2025. |

| (3) | In general, these Accelsius SARs will be automatically exercised upon the earliest to occur of: (i) the 24-month anniversary of       
 the grant date, (ii) the participant’s death, or (iii) the participant’s “disability” (as defined in the applicable award agreement). |

| (4) | On December 11, 2024, Refinity Holdings granted to each NEO 109,000 Refinity Incentive Units, with a Refinity Distribution                                                                    
 Threshold of $0.00. Such Refinity Incentive Units will vest over a three-year period, with 25% vesting on the one-year anniversary of the grant date and 9.375% vesting quarterly thereafter. |

| (5) | These RSUs vested on October 2, 2025. |

| (6) | On March 22, 2024, Accelsius granted to Mr. Otworth 100,000 Accelsius Incentive Units, with an Accelsius Distribution Threshold                                                                                                            
 of $4.41. In general, these Accelsius Incentive Units were originally scheduled to vest over a three-year period, with 25% vesting on the grant date and 9.375% vesting quarterly beginning on the one-year anniversary of the grant date, 
 subject to Mr. Otworth’s continued service to Accelsius or one of its subsidiaries. However, as noted above, on August 11, 2025, each of the Compensation Committee and the Accelsius board of directors approved the acceleration and     
 vesting of the then-unvested portion of Mr. Otworth’s Accelsius Incentive Units effective as of August 14, 2025.                                                                                                                           |

| (7) | Because Accelsius was not publicly traded during 2024, these amounts represent the estimated market value of the unvested                                                                                                   
 Accelsius Incentive Units held by each of the NEOs as of December 31, 2024, as more fully described above under the heading “2024 Equity-Based Compensation,” based on an external valuation dated as of December 31, 2024