Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 227

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 227
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              |     |           975,409 |
| RSUs                       |     |         2,036,476 |
| SARs                       |     |           320,000 |

Note 18. Related Party Transactions As more fully described in Note 5. Borrowings, the Company has various notes with affiliates, including short-term notes with three separate related parties. In addition, the Company had a convertible note to the ESG Fund as part of the 2025 Notes which was converted during the Predecessor period from January 1, 2024 through October 1, 2024. Transactions with Directors As more fully described in Note 14. Stock-based Compensation, the Company issued various equity awards to related parties throughout 2024. On December 9, 2024, the Company issued 1,246,722RSUs with a grant date fair value of $ 15,210, and 590,163stock options with a grant date fair value of $ 3,913to a cumulative of 8directors. On December 31, 2024, the Company issued 200,000SARs with a grant date fair value of $ 7,820to 4directors and former directors. On March 22, 2024, the Company issued 100,000Class C Units with a grant date fair value of $ 441to 1director under the Accelsius Subsidiary Equity Plan. Transactions with Innventure1 In 2022, Innventure1 assigned its ownership interest in a portion of the Company’s PCT common stock to investors who are considered related parties of Innventure1 and the Company. The related party liability established in connection with this assignment was revalued to $ 53on December 31, 2023. The change in value was included in Net gain on investments - due to related parties in the consolidated statements of operations and comprehensive income (loss). Transactions with the ESG Fund In the normal course of business, the Company advances certain expenses on behalf of the ESG Fund. Certain expenses paid by the Company, which meet certain criteria, are reimbursed to the Company by the ESG Fund. Amounts paid by the Company and reimbursable by the ESG Fund were $ 105for the Successor period from F-45 TABLE OF CONTENTS Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data) October 2, 2024