Martin S. Friedman - Apr 9, 2021 Form 4 Insider Report for Aldel Financial Inc. (HGTY)

Role: Director
Signature: /s/ Hassan R. Baqar, Attorney-in-Fact
Stock symbol: HGTY
Transactions as of: Apr 9, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/25/2021, 01:24 PM
Next filing: Jul 29, 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		+25K			25K	Apr 9, 2021	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	Warrant	Purchase		+12.5K			12.5K	Apr 9, 2021	Class A Common stock, par value $0.0001	12.5K	$11.50	Direct	F1, F2, F3, F4

* 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 were purchased for $10.00 per unit.
F3	The Warrants included in the Public 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.
F4	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.