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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 8/20/19 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1551986 |
| Issuer Name: INNOVATE BIOPHARMACEUTICALS, INC. |
| Issuer Trading Symbol: INNT |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1721664 |
| | Owner Name: Laumas Sandeep |
| Reporting Owner Address: |
| | Owner Street 1: C/O INNOVATE BIOPHARMACEUTICALS, INC., |
| | Owner Street 2: 8480 HONEYCUTT ROAD, SUITE 120 |
| | Owner City: RALEIGH |
| | Owner State: NC |
| | Owner ZIP Code: 27615 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: CEO, Executive Chairman |
| | Other Text: |
| Non-Derivative Table: |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 0.89 |
| | Transaction Date: |
| | | Value: 8/20/19 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 400,000 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 2/18/29 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common stock |
| | | Underlying Security Shares: |
| Value: 400,000.0 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 400,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: 25% of these shares shall be deemed vested and exercisable on February 19, 2019 with the remainder vesting monthly over the next 48 months, subject to the executive's continuous service with the Company through each applicable vesting date. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Jay P. Madan |
| Signature Date: 8/27/19 |
