STATE FARM MUTUAL AUTOMOBILE INSURANCE CO - 23 Jun 2023 Form 4 Insider Report for Hagerty, Inc. (HGTY)

Role: 10%+ Owner
Signature: /s/ Jon C. Farney, Senior Vice President, Treasurer and Chief Financial Officer
Issuer symbol: HGTY
Transactions as of: 23 Jun 2023
Net transactions value: +$49,999,991
Form type: 4
Filing time: 23 Jun 2023, 17:02:53 UTC
Previous filing: 18 Oct 2022
Next filing: 14 Aug 2023
SEC: View on sec.gov

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	Series A Preferred Stock	Purchase	$49,999,991	+5,302,226		$9.43	5,302,226	23 Jun 2023	Class A Common Stock	4,241,780	$11.79	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Series A Preferred Stock has no stated maturity and therefore has no expiration date.
F2	On June 23, 2023, the Reporting Person acquired 5,302,226 shares of Series A Preferred Stock convertible into 4,241,780 shares of Class A common stock, subject to customary anti-dilution adjustments, for total consideration of $49,999,991.18.