State Farm Mutual Automobile Insurance Co - Jul 5, 2024 Form 4 Insider Report for Hagerty, Inc. (HGTY)

Role
10%+ Owner
Signature
Mark Schwamberger, Senior Vice President, Treasurer and Chief Financial Officer
Stock symbol
HGTY
Transactions as of
Jul 5, 2024
Transactions value $
$0
Form type
4
Date filed
7/10/2024, 05:36 PM
Previous filing
Jun 27, 2024
Next filing
Jul 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HGTY Class A Common Stock Other +1.8M +3.32% 56M Jul 5, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HGTY Warrants to purchase Class A Common Stock Other -9M -100% 0 Jul 5, 2024 Class A Common Stock 9M $11.50 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported warrants were exchanged for shares of Class A Common Stock, at a rate of 0.20 shares of Class A Common Stock per warrant, pursuant to the terms of an exchange offer made by the Issuer that expired at one minute after 11:59 p.m., Eastern Time, on July 2, 2024.
F2 Includes 4,240,881 shares of Class A Common Stock that the Reporting Person has the right to acquire within 60 days upon conversion of 5,302,226 shares of Series A Preferred Stock that are held directly by the Reporting Person, at the current conversion rate.