Robert I. Kauffman - Apr 9, 2021 Form 4/A - Amendment Insider Report for Aldel Financial Inc. (HGTY)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Hassan R. Baqar, Attorney-in-Fact
Stock symbol
HGTY
Transactions as of
Apr 9, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
5/14/2021, 09:50 PM
Date Of Original Report
Apr 14, 2021
Next filing
Dec 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HGTY Class A Common stock, par value $0.0001 Purchase +1.5M 1.5M Apr 9, 2021 Held by Aldel LLC F1, F2, F3
transaction HGTY Class A Common stock, par value $0.0001 Purchase +515K 515K Apr 12, 2021 Held by Aldel Investors LLC F2, F4, F5

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 Warrant Purchase +750K 750K Apr 9, 2021 Class A Common stock, par value $0.0001 750K $11.50 See Footnote F1, F2, F3, F6, F7
transaction HGTY Warrant Purchase +258K 258K Apr 12, 2021 Class A Common stock, par value $0.0001 258K $11.50 See Footnote F2, F4, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class A common stock are held as part of the public units ("Public Units") of Aldel Financial Inc. (the "Company"), with each Public Unit consisting of one share of Class A common stock, par value $0.0001 per share ("Common Stock") 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 Public Units and Private Units were purchased for $10.00 per unit.
F3 Held by Aldel LLC. Mr. Kauffman is the manager of Aldel LLC and has voting and investment discretion with respect to the shares of common stock held of record by Aldel LLC. Mr. Kauffman disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F4 Simultaneously with the consummation of the Company's initial public offering, Aldel Investors LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 515,000 units (the "Private Units") in a private placement for an aggregate purchase price of $5,150,000. Each Private Unit consists of one share of Common Stock and one-half of one Warrant.
F5 Held by the Sponsor. Mr. Kauffman is a manager of the Sponsor and has voting and investment discretion with respect to the shares of common stock held of record by the Sponsor. Mr. Kauffman disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F6 The Warrants included in the Public Units and the Private Units 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.
F7 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.