Sec Form 4 Filing - Madan Jay P. @ INNOVATE BIOPHARMACEUTICALS, INC. - 2019-05-30

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Madan Jay P. 2. Issuer Name and Ticker or Trading Symbol INNOVATE BIOPHARMACEUTICALS, INC. [ INNT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President (Last) (First) (Middle) C/O INNOVATE BIOPHARMACEUTICALS, INC.,, 8480 HONEYCUTT ROAD, SUITE 120 3. Date of Earliest Transaction (MM/DD/YY) 05/30/2019 (Street) RALEIGH, NC27615 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common stock 05/30/2019 P 5,000 A $ 1.32 84,131 D Common stock 129,593 I ( 1 ) By Madan Global, Inc. Common stock 122,104 I ( 2 ) By OM Healthcare Partners LLC Common stock 122,104 I ( 3 ) By OM Healthcare Partners II LLC Common stock 122,104 I ( 4 ) By OM Healthcare Partners III LLC Common stock 450,000 I ( 5 ) By MGI Holdings II LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Madan Jay P. C/O INNOVATE BIOPHARMACEUTICALS, INC., 8480 HONEYCUTT ROAD, SUITE 120 RALEIGH, NC27615 X President Signatures /s/ Kendyle Woodard, as Attorney-in-Fact 06/03/2019 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These shares are held by Madan Global, Inc. Mr. Madan is the sole owner of Madan Global, Inc. and has voting and investment power over the shares held by Madan Global, Inc. ( 2 )These shares are held by OM Healthcare Partners LLC. Mr. Madan is the sole owner and manager of OM Healthcare Partners LLC and has voting and investment power over the shares held by OM Healthcare Partners LLC. ( 3 )These shares are held by OM Healthcare Partners II LLC. Mr. Madan is the sole owner and manager of OM Healthcare Partners II LLC and has voting and investment power over the shares held by OM Healthcare Partners II LLC. ( 4 )These shares are held by OM Healthcare Partners III LLC. Mr. Madan is the sole owner and manager of OM Healthcare Partners III LLC and has voting and investment power over the shares held by OM Healthcare Partners III LLC. ( 5 )These shares are held by MGI Holdings II LLC. Mr. Madan is the sole owner and manager of MGI Holdings II LLC and has voting and investment power over the shares held by MGI Holdings II LLC.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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