Azurite Management LLC

SEC source: 0000950170-23-058873 · ownership.xml · nonDerivative · entry 1

Rosen Steven H · CIK 0001535144 · Director · 10% owner

Azurite Management LLC · CIK 0001933086 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 87,209

F1 · kind: The restricted stock units vest in one installment on May 5, 2024, subject to the reporting person's continued service on the board of directors.

SEC source: 0000950170-23-048792 · ownership.xml · derivative · entry 1

Rosen Steven H · CIK 0001535144 · Director · 10% owner

Azurite Management LLC · CIK 0001933086 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 2,756,884

Underlying: Common Stock · 2,756,884 shares

Expires 2033-05-05

F1 · derivative.exercise_date: The warrant vests in three equal annual instalments beginning on May 5, 2024.

F2 · ownership.nature: The warrant is held of record by Azurite Management LLC. Mr. Rosen, in his capacity as the sole manager of Azurite Management LLC, has the ability to indirectly control the voting and disposition of securities held of record by Azurite Management LLC and, as such, may be deemed to have indirect beneficial ownership of the securities held of record by Azurite Management LLC. Mr. Rosen disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.

SEC source: 0000899243-23-012358 · doc4.xml · nonDerivative · entry 1

Azurite Management LLC · CIK 0001933086 · Group member formerly over 10%

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F1 · kind: On January 31, 2023, Invacare Corporation (the "Issuer") and certain of its direct and indirect subsidiaries (collectively with the Issuer, the "Debtors") filed a voluntary petition (the "Chapter 11 Cases") under chapter 11 of the U.S. Bankruptcy Code (the "Bankruptcy Code") in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") and on April 28, 2023 the Bankruptcy Court entered an order (the "Confirmation Order") confirming the chapter 11 plan of reorganization of the Debtors in their chapter 11 cases (the "Plan"). On May 5, 2023 (the "Effective Date"), the Plan was consummated and became effective in accordance with its terms and the Debtors emerged from the Chapter 11 Cases.

F2 · kind: On the Effective Date, in connection with the satisfaction of the conditions to effectiveness set forth in the Confirmation Order and in the Plan, the Issuer completed a series of transactions pursuant to which, among other things, the Issuer merged with a wholly owned subsidiary of Invacare Holdings Corporation, a Delaware corporation ("New Parent"), and (i) all of the Issuer's common shares outstanding prior to the Effective Date were canceled, released, and extinguished, and of no further force or effect and (ii) all of the Issuer's equity award agreements under any incentive plan, and the awards granted pursuant thereto, were extinguished, canceled, and discharged and have no further force or effect. New Parent is the successor to the Issuer pursuant to Rule 12g-3 under the Securities Exchange Act of 1934, as amended. Accordingly, this Form 4 shall constitute an exit filing for the Reporting Person with respect to the Issuer.

F1 · price: On January 31, 2023, Invacare Corporation (the "Issuer") and certain of its direct and indirect subsidiaries (collectively with the Issuer, the "Debtors") filed a voluntary petition (the "Chapter 11 Cases") under chapter 11 of the U.S. Bankruptcy Code (the "Bankruptcy Code") in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") and on April 28, 2023 the Bankruptcy Court entered an order (the "Confirmation Order") confirming the chapter 11 plan of reorganization of the Debtors in their chapter 11 cases (the "Plan"). On May 5, 2023 (the "Effective Date"), the Plan was consummated and became effective in accordance with its terms and the Debtors emerged from the Chapter 11 Cases.

F2 · price: On the Effective Date, in connection with the satisfaction of the conditions to effectiveness set forth in the Confirmation Order and in the Plan, the Issuer completed a series of transactions pursuant to which, among other things, the Issuer merged with a wholly owned subsidiary of Invacare Holdings Corporation, a Delaware corporation ("New Parent"), and (i) all of the Issuer's common shares outstanding prior to the Effective Date were canceled, released, and extinguished, and of no further force or effect and (ii) all of the Issuer's equity award agreements under any incentive plan, and the awards granted pursuant thereto, were extinguished, canceled, and discharged and have no further force or effect. New Parent is the successor to the Issuer pursuant to Rule 12g-3 under the Securities Exchange Act of 1934, as amended. Accordingly, this Form 4 shall constitute an exit filing for the Reporting Person with respect to the Issuer.

SEC source: 0000899243-23-013758 · doc4a.xml · derivative · entry 4

Rosen Steven H · CIK 0001535144 · Director · 10% owner

Azurite Management LLC · CIK 0001933086 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: Not disclosed

Underlying: Common Stock · 4,360,465 shares

Expires 2028-05-01

F3 · ownership.nature: Investment funds affiliated with Azurite Management LLC (collectively, "Azurite") are the owner of record of the securities reported herein. Mr. Rosen, in his capacity as the sole manager of Azurite Management LLC, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have an indirect beneficial ownership of the securities held by Azurite. Mr. Rosen disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.

SEC source: 0000899243-23-013758 · doc4a.xml · derivative · entry 3

Rosen Steven H · CIK 0001535144 · Director · 10% owner

Azurite Management LLC · CIK 0001933086 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 490,912

Underlying: Common Stock · 490,912 shares

Expires not disclosed

F6 · derivative.exercise_price: The Convertible Preferred Stock has no expiration date. At any time on or after the earlier to occur of November 6, 2023, or the occurrence of certain liquidation, dissolution or mandatory redemption events, holders of shares of Convertible Preferred Stock shall have the option to convert all or a portion of their shares of Convertible Preferred Stock into shares of the Issuer's common stock at rate of $25.00 divided by $1.72076211. The Convertible Preferred Stock contains automatic adjustment features to the convertibility ratio as a result of, among other things, an accruing payment-in-kind dividend feature.

F4 · price: On the Effective Date, Azurite acquired 535,312 shares of the Issuer's Common Stock and 490,912 shares of the Issuer's 9.00% Series A Convertible Participating Preferred Stock, par value $0.001 per share (the "Convertible Preferred Stock"). Of these shares, Azurite acquired an aggregate of 187,796 shares of Convertible Preferred Stock at a price of $25.00 per share pursuant to (i) a rights offering of the Convertible Preferred Stock conducted by the Issuer as a part of the Plan (the "Rights Offering") and (ii) that certain First Amended and Restated Backstop Commitment Agreement dated as of March 29, 2023 (the "Backstop Commitment Agreement") by and among Invacare Corporation and certain other holders of unsecured note claims. Pursuant to the Backstop Commitment Agreement, subject to the terms and conditions set forth therein, Azurite agreed to acquire an allocable portion of the shares of the Issuer's Convertible Preferred Stock not sold during the Rights Offering.

F5 · price: (Continued from footnote 4) All of the shares of Common Stock reported herein and the balance of the shares of Convertible Preferred Stock were acquired by Azurite pursuant to the Plan in exchange for unsecured note claims and backstop fee claims held by the Reporting Persons.

F6 · derivative.expiration_date: The Convertible Preferred Stock has no expiration date. At any time on or after the earlier to occur of November 6, 2023, or the occurrence of certain liquidation, dissolution or mandatory redemption events, holders of shares of Convertible Preferred Stock shall have the option to convert all or a portion of their shares of Convertible Preferred Stock into shares of the Issuer's common stock at rate of $25.00 divided by $1.72076211. The Convertible Preferred Stock contains automatic adjustment features to the convertibility ratio as a result of, among other things, an accruing payment-in-kind dividend feature.

F3 · ownership.nature: Investment funds affiliated with Azurite Management LLC (collectively, "Azurite") are the owner of record of the securities reported herein. Mr. Rosen, in his capacity as the sole manager of Azurite Management LLC, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have an indirect beneficial ownership of the securities held by Azurite. Mr. Rosen disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.

SEC source: 0000899243-23-013758 · doc4a.xml · nonDerivative · entry 2

Rosen Steven H · CIK 0001535144 · Director · 10% owner

Azurite Management LLC · CIK 0001933086 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 535,312

F4 · price: On the Effective Date, Azurite acquired 535,312 shares of the Issuer's Common Stock and 490,912 shares of the Issuer's 9.00% Series A Convertible Participating Preferred Stock, par value $0.001 per share (the "Convertible Preferred Stock"). Of these shares, Azurite acquired an aggregate of 187,796 shares of Convertible Preferred Stock at a price of $25.00 per share pursuant to (i) a rights offering of the Convertible Preferred Stock conducted by the Issuer as a part of the Plan (the "Rights Offering") and (ii) that certain First Amended and Restated Backstop Commitment Agreement dated as of March 29, 2023 (the "Backstop Commitment Agreement") by and among Invacare Corporation and certain other holders of unsecured note claims. Pursuant to the Backstop Commitment Agreement, subject to the terms and conditions set forth therein, Azurite agreed to acquire an allocable portion of the shares of the Issuer's Convertible Preferred Stock not sold during the Rights Offering.

F5 · price: (Continued from footnote 4) All of the shares of Common Stock reported herein and the balance of the shares of Convertible Preferred Stock were acquired by Azurite pursuant to the Plan in exchange for unsecured note claims and backstop fee claims held by the Reporting Persons.

F3 · ownership.nature: Investment funds affiliated with Azurite Management LLC (collectively, "Azurite") are the owner of record of the securities reported herein. Mr. Rosen, in his capacity as the sole manager of Azurite Management LLC, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have an indirect beneficial ownership of the securities held by Azurite. Mr. Rosen disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.

SEC source: 0000899243-23-013758 · doc4a.xml · nonDerivative · entry 1

Rosen Steven H · CIK 0001535144 · Director · 10% owner

Azurite Management LLC · CIK 0001933086 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 0

F1 · kind: On January 31, 2023, Invacare Corporation (the "Issuer") and certain of its direct and indirect subsidiaries (collectively with the Issuer, the "Debtors") filed a voluntary petition (the "Chapter 11 Cases") under chapter 11 of the U.S. Bankruptcy Code (the "Bankruptcy Code") in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") and on April 28, 2023 the Bankruptcy Court entered an order (the "Confirmation Order") confirming the chapter 11 plan of reorganization of the Debtors in their chapter 11 cases (the "Plan"). On May 5, 2023 (the "Effective Date"), the Plan was consummated and became effective in accordance with its terms and the Debtors emerged from the Chapter 11 Cases.

F2 · kind: On the Effective Date, in connection with the satisfaction of the conditions to effectiveness set forth in the Confirmation Order and in the Plan, the Issuer completed a series of transactions pursuant to which, among other things, the Issuer merged with a wholly owned subsidiary of Invacare Holdings Corporation, a Delaware corporation ("New Parent"), and (i) all of the Issuer's common shares outstanding prior to the Effective Date were canceled, released, and extinguished, and of no further force or effect and (ii) all of the Issuer's equity award agreements under any incentive plan, and the awards granted pursuant thereto, were extinguished, canceled, and discharged and have no further force or effect. New Parent is the successor to the Issuer pursuant to Rule 12g-3 under the Securities Exchange Act of 1934, as amended. Mr. Rosen will continue as a Director of New Parent.

F1 · price: On January 31, 2023, Invacare Corporation (the "Issuer") and certain of its direct and indirect subsidiaries (collectively with the Issuer, the "Debtors") filed a voluntary petition (the "Chapter 11 Cases") under chapter 11 of the U.S. Bankruptcy Code (the "Bankruptcy Code") in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") and on April 28, 2023 the Bankruptcy Court entered an order (the "Confirmation Order") confirming the chapter 11 plan of reorganization of the Debtors in their chapter 11 cases (the "Plan"). On May 5, 2023 (the "Effective Date"), the Plan was consummated and became effective in accordance with its terms and the Debtors emerged from the Chapter 11 Cases.

F2 · price: On the Effective Date, in connection with the satisfaction of the conditions to effectiveness set forth in the Confirmation Order and in the Plan, the Issuer completed a series of transactions pursuant to which, among other things, the Issuer merged with a wholly owned subsidiary of Invacare Holdings Corporation, a Delaware corporation ("New Parent"), and (i) all of the Issuer's common shares outstanding prior to the Effective Date were canceled, released, and extinguished, and of no further force or effect and (ii) all of the Issuer's equity award agreements under any incentive plan, and the awards granted pursuant thereto, were extinguished, canceled, and discharged and have no further force or effect. New Parent is the successor to the Issuer pursuant to Rule 12g-3 under the Securities Exchange Act of 1934, as amended. Mr. Rosen will continue as a Director of New Parent.

F3 · ownership.nature: Investment funds affiliated with Azurite Management LLC (collectively, "Azurite") are the owner of record of the securities reported herein. Mr. Rosen, in his capacity as the sole manager of Azurite Management LLC, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have an indirect beneficial ownership of the securities held by Azurite. Mr. Rosen disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.

SEC source: 0000899243-22-036592 · doc4.xml · nonDerivative · entry 3

Rosen Steven H · CIK 0001535144 · Director · Group member formerly over 10%

Azurite Management LLC · CIK 0001933086 · Group member formerly over 10%

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F5 · price: Represents Mr. Rosen's voluntary return to the Issuer for no consideration of outstanding restricted stock units ("RSUs"), which were previously granted to him as a member of the Issuer's board of directors on August 22, 2022 (as reported on his Form 4 on August 24, 2022). Mr. Edward V. Crawford, another member of the Issuer's board of directors, also simultaneously returned the same number of RSUs for no consideration (as reported on his separate Form 4). The returns were approved by the Issuer's board of directors under Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

F6 · price: The sales of the Common Shares and the returns of RSUs by Messrs. Rosen and Crawford were carried out to ensure the group of which the Reporting Persons are members (including Mr. Rosen, Azurite, Crawford United Corporation ("Crawford United"), Edward F. Crawford and Matthew V. Crawford, and collectively, the "Group")) collectively beneficially own less than 10% of the Issuer's total voting power. The Group members undertook these transactions promptly upon their discovery that the Group may have inadvertently become subject to Section 1704 of the Ohio Revised Code when previously exceeding 10% of the Issuer's total voting power. Following this slight reduction in the Group's ownership, Mr. Rosen and Mr. Crawford continue to serve as members of the Issuer's board of directors.

SEC source: 0000899243-22-036592 · doc4.xml · nonDerivative · entry 2

Rosen Steven H · CIK 0001535144 · Director · Group member formerly over 10%

Azurite Management LLC · CIK 0001933086 · Group member formerly over 10%

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 3,665,233

F2 · price: The price reported in column 4 is a weighted average price. These Common Shares were sold in multiple transactions at prices ranging from $0.370 to $0.410, inclusive. The Reporting Persons undertake to provide to the Issuer, any securityholder of the Issuer or the SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.

F4 · price: This Form 4 is being filed as a result of sales of Common Shares by Azurite. The sales were effected at prices below the prices of the purchases reported in the Form 4s filed by the Reporting Persons on June 7, 2022 (as amended on June 8, 2022) and June 27, 2022, such that there is no profit for purposes of Section 16(b) and the rules promulgated thereunder.

F6 · price: The sales of the Common Shares and the returns of RSUs by Messrs. Rosen and Crawford were carried out to ensure the group of which the Reporting Persons are members (including Mr. Rosen, Azurite, Crawford United Corporation ("Crawford United"), Edward F. Crawford and Matthew V. Crawford, and collectively, the "Group")) collectively beneficially own less than 10% of the Issuer's total voting power. The Group members undertook these transactions promptly upon their discovery that the Group may have inadvertently become subject to Section 1704 of the Ohio Revised Code when previously exceeding 10% of the Issuer's total voting power. Following this slight reduction in the Group's ownership, Mr. Rosen and Mr. Crawford continue to serve as members of the Issuer's board of directors.

F3 · ownership.nature: Azurite Management LLC ("Azurite") is the owner of record of all such Common Shares. Mr. Rosen, in his capacity as the sole manager of Azurite, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have indirect beneficial ownership of the Common Shares held by Azurite. Mr. Rosen disclaims beneficial ownership of the Common Shares owned by Azurite, except to the extent of his pecuniary interest therein.

SEC source: 0000899243-22-036592 · doc4.xml · nonDerivative · entry 1

Rosen Steven H · CIK 0001535144 · Director · Group member formerly over 10%

Azurite Management LLC · CIK 0001933086 · Group member formerly over 10%

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 3,768,053

F1 · price: The price reported in column 4 is a weighted average price. These common shares, no par value (the "Common Shares"), were sold in multiple transactions at prices ranging from $0.460 to $0.462, inclusive. The Reporting Persons undertake to provide to Invacare Corporation (the "Issuer"), any securityholder of the Issuer or the staff of the Securities and Exchange Commission ("SEC Staff"), upon request, full information regarding the number of shares sold at each price within the range specified herein.

F4 · price: This Form 4 is being filed as a result of sales of Common Shares by Azurite. The sales were effected at prices below the prices of the purchases reported in the Form 4s filed by the Reporting Persons on June 7, 2022 (as amended on June 8, 2022) and June 27, 2022, such that there is no profit for purposes of Section 16(b) and the rules promulgated thereunder.

F6 · price: The sales of the Common Shares and the returns of RSUs by Messrs. Rosen and Crawford were carried out to ensure the group of which the Reporting Persons are members (including Mr. Rosen, Azurite, Crawford United Corporation ("Crawford United"), Edward F. Crawford and Matthew V. Crawford, and collectively, the "Group")) collectively beneficially own less than 10% of the Issuer's total voting power. The Group members undertook these transactions promptly upon their discovery that the Group may have inadvertently become subject to Section 1704 of the Ohio Revised Code when previously exceeding 10% of the Issuer's total voting power. Following this slight reduction in the Group's ownership, Mr. Rosen and Mr. Crawford continue to serve as members of the Issuer's board of directors.

F3 · ownership.nature: Azurite Management LLC ("Azurite") is the owner of record of all such Common Shares. Mr. Rosen, in his capacity as the sole manager of Azurite, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have indirect beneficial ownership of the Common Shares held by Azurite. Mr. Rosen disclaims beneficial ownership of the Common Shares owned by Azurite, except to the extent of his pecuniary interest therein.

SEC source: 0000899243-22-036080 · doc4.xml · nonDerivative · entry 3

Rosen Steven H · CIK 0001535144 · Director · 10% owner · Member of a 10% owner group

Azurite Management LLC · CIK 0001933086 · 10% owner · Member of a 10% owner group

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 3,788,053

F3 · price: The price reported in column 4 is a weighted average price. These Common Shares were sold in multiple transactions at prices ranging from $0.490 to $0.493, inclusive. The Reporting Persons undertake to provide to the Issuer, any securityholder of the Issuer or the SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.

F5 · price: This Form 4 is being filed as a result of sales of Common Shares by Azurite. The sales were effected at prices below the prices of the purchases reported in the Form 4s filed by the Reporting Persons on June 7, 2022 (as amended on June 8, 2022) and June 27, 2022, such that there is no profit for purposes of Section 16(b) and the rules promulgated thereunder.

F4 · ownership.nature: Azurite Management LLC ("Azurite") is the owner of record of all such Common Shares. Mr. Rosen, in his capacity as the sole manager of Azurite, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have indirect beneficial ownership of the Common Shares held by Azurite. The Reporting Persons disclaim beneficial ownership of the Common Shares owned by Azurite, except to the extent of his pecuniary interest therein.

SEC source: 0000899243-22-036080 · doc4.xml · nonDerivative · entry 2

Rosen Steven H · CIK 0001535144 · Director · 10% owner · Member of a 10% owner group

Azurite Management LLC · CIK 0001933086 · 10% owner · Member of a 10% owner group

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 3,808,053

F2 · price: The price reported in column 4 is a weighted average price. These Common Shares were sold in multiple transactions at prices ranging from $0.500 to $0.505, inclusive. The Reporting Persons undertake to provide to the Issuer, any securityholder of the Issuer or the SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.

F5 · price: This Form 4 is being filed as a result of sales of Common Shares by Azurite. The sales were effected at prices below the prices of the purchases reported in the Form 4s filed by the Reporting Persons on June 7, 2022 (as amended on June 8, 2022) and June 27, 2022, such that there is no profit for purposes of Section 16(b) and the rules promulgated thereunder.

F4 · ownership.nature: Azurite Management LLC ("Azurite") is the owner of record of all such Common Shares. Mr. Rosen, in his capacity as the sole manager of Azurite, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have indirect beneficial ownership of the Common Shares held by Azurite. The Reporting Persons disclaim beneficial ownership of the Common Shares owned by Azurite, except to the extent of his pecuniary interest therein.

SEC source: 0000899243-22-036080 · doc4.xml · nonDerivative · entry 1

Rosen Steven H · CIK 0001535144 · Director · 10% owner · Member of a 10% owner group

Azurite Management LLC · CIK 0001933086 · 10% owner · Member of a 10% owner group

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 3,886,078

F1 · price: The price reported in column 4 is a weighted average price. These common shares, no par value (the "Common Shares"), were sold in multiple transactions at prices ranging from $0.510 to $0.517, inclusive. The Reporting Persons undertake to provide to Invacare Corporation (the "Issuer"), any securityholder of the Issuer or the staff of the Securities and Exchange Commission ("SEC Staff"), upon request, full information regarding the number of shares sold at each price within the range specified herein.

F5 · price: This Form 4 is being filed as a result of sales of Common Shares by Azurite. The sales were effected at prices below the prices of the purchases reported in the Form 4s filed by the Reporting Persons on June 7, 2022 (as amended on June 8, 2022) and June 27, 2022, such that there is no profit for purposes of Section 16(b) and the rules promulgated thereunder.

F4 · ownership.nature: Azurite Management LLC ("Azurite") is the owner of record of all such Common Shares. Mr. Rosen, in his capacity as the sole manager of Azurite, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have indirect beneficial ownership of the Common Shares held by Azurite. The Reporting Persons disclaim beneficial ownership of the Common Shares owned by Azurite, except to the extent of his pecuniary interest therein.

SEC source: 0000899243-22-024350 · doc4.xml · nonDerivative · entry 2

Rosen Steven H · CIK 0001535144 · 10% owner · Member of a 10% owner group

Azurite Management LLC · CIK 0001933086 · 10% owner · Member of a 10% owner group

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 3,946,558

F2 · price: The price reported in column 4 is a weighted average price. These Common Shares were sold in multiple transactions at prices ranging from $1.50 to $1.5362, inclusive. The Reporting Persons undertake to provide to the Issuer, any securityholder of the Issuer or the staff of the SEC, upon request, full information regarding the number of Common Shares sold at each price within the range specified herein.

F3 · ownership.nature: Azurite Management LLC ("Azurite") is the owner of record of all such Common Shares. Mr. Rosen, in his capacity as the sole manager of Azurite, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have indirect beneficial ownership of the Common Shares held by Azurite.

SEC source: 0000899243-22-024350 · doc4.xml · nonDerivative · entry 1

Rosen Steven H · CIK 0001535144 · 10% owner · Member of a 10% owner group

Azurite Management LLC · CIK 0001933086 · 10% owner · Member of a 10% owner group

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 3,896,558

F1 · price: The price reported in column 4 is a weighted average price. These common shares, no par value (the "Common Shares") were sold in multiple transactions at prices ranging from $1.3666 to $1.53, inclusive. The Reporting Persons undertake to provide to Invacare Corporation (the "Issuer"), any securityholder of the Issuer or the staff of the Securities and Exchange Commission ("SEC Staff"), upon request, full information regarding the number of shares sold at each price within the range specified herein.

F3 · ownership.nature: Azurite Management LLC ("Azurite") is the owner of record of all such Common Shares. Mr. Rosen, in his capacity as the sole manager of Azurite, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have indirect beneficial ownership of the Common Shares held by Azurite.

SEC source: 0000899243-22-021548 · doc4a.xml · nonDerivative · entry 2

Rosen Steven H · CIK 0001535144 · 10% owner · Member of a 10% owner group

Azurite Management LLC · CIK 0001933086 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 3,796,558

F2 · price: The price reported in column 4 is a weighted average price. These Common Shares were sold in multiple transactions at prices ranging from $1.30 to $1.18, inclusive. The Reporting Persons undertake to provide to the Issuer, any securityholder of the Issuer or the staff of the SEC, upon request, full information regarding the number of Common Shares sold at each price within the range specified herein.

F3 · ownership.nature: Azurite Management LLC ("Azurite") is the owner of record of all such Common Shares. Mr. Rosen, in his capacity as the sole manager of Azurite, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have indirect beneficial ownership of the Common Shares held by Azurite.

SEC source: 0000899243-22-021548 · doc4a.xml · nonDerivative · entry 1

Rosen Steven H · CIK 0001535144 · 10% owner · Member of a 10% owner group

Azurite Management LLC · CIK 0001933086 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · As sole manager of Azurite Management LLC

Disclosed balance after: 3,696,558

F1 · price: The price reported in column 4 is a weighted average price. These common shares, no par value (the "Common Shares") were sold in multiple transactions at prices ranging from $1.15 to $1.01, inclusive. The Reporting Persons undertake to provide to Invacare Corporation (the "Issuer"), any securityholder of the Issuer or the staff of the Securities and Exchange Commission ("SEC Staff"), upon request, full information regarding the number of shares sold at each price within the range specified herein.

F3 · ownership.nature: Azurite Management LLC ("Azurite") is the owner of record of all such Common Shares. Mr. Rosen, in his capacity as the sole manager of Azurite, has the ability to indirectly control the decisions of Azurite regarding the vote and disposition of securities held by Azurite, and as such may be deemed to have indirect beneficial ownership of the Common Shares held by Azurite.