Charles E. Nearburg - 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, 01:31 PM

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 +215K 215K 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 +108K 108K Apr 9, 2021 Class A Common stock, par value $0.0001 108K $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.