Aldel LLC - Apr 9, 2021 Form 3 Insider Report for Aldel Financial Inc. (HGTY)

Role: 10%+ Owner
Signature: By: /s/ Robert I. Kauffman Title: Managing Member
Stock symbol: HGTY
Transactions as of: Apr 9, 2021
Transactions value $: $0
Form type: 3
Date filed: 5/14/2021, 09:50 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	HGTY	Class A Common Stock, par value $0.0001						1.5M	Apr 9, 2021	Direct	F1

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
holding	HGTY	Warrant							Apr 9, 2021	Common stock, par value $0.0001	750K	$11.50	Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	The securities reported herein are held as units ("Units"), with each Unit consisting of one share of common stock, par value $0.0001 per share ("Common Stock"), of Aldel Financial Inc. (the "Company") and one-half of one warrant to purchase one share of Common Stock at an exercise price of $11.50 per share (the "Warrants").
F2	The Warrants will become exercisable at any time commencing on the later of (a) 12 months from April 12, 2021, the closing date of the Company's initial public offering, or (b) 30 days after the completion of the Company's initial business combination.
F3	The Warrants will expire five years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.