David S. Lobel - Sep 12, 2024 Form 4 Insider Report for Holley Inc. (HLLY)

Signature
By: /s/ Vincent Taurassi, Attorney-In-Fact for David S. Lobel
Stock symbol
HLLY
Transactions as of
Sep 12, 2024
Transactions value $
$0
Form type
4
Date filed
9/13/2024, 04:20 PM
Previous filing
Aug 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLLY Common Stock Other $0 -5.87M -11.94% $0.00 43.3M Sep 12, 2024 See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 12, 2024, Holley Parent Holdings, LLC, d/b/a Sentinel Holley Holdings, ("Sentinel Holley"), made an in-kind distribution, in accordance with Sentinel Holley's governing documents, of an aggregate of 5,873,567 shares of Common Stock to certain of its members, who are primarily former members of management of the Issuer, in exchange for 100% of such members' interests in Sentinel Holley (the "Distribution"). Sentinel Holley is an entity ultimately controlled by Sentinel Capital Partners, LLC that was formed to hold the investment by its affiliated funds and certain other investors in Holley Inc. No members of Sentinel Holley that are institutional investors received any shares in the Distribution. The Issuer did not distribute or receive shares or receive any consideration in connection with the Distribution, and the Distribution did not create any new shares of Common Stock or change the number of shares of outstanding Common Stock of the Issuer.
F2 See Exhibit 99.1 for Joint Filer information.