Matthew E. Rubel - 05 Aug 2022 Form 4 Insider Report for Holley Inc. (HLLY)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
08 Aug 2022, 16:13:48 UTC
Prior SEC filing
31 May 2022
Next SEC filing
08 Feb 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Dominic Bardos, Attorney-In-Fact for Matthew E. Rubel

Key filing fact

Matthew E. Rubel filed Form 4 for Holley Inc. (HLLY) on 08 Aug 2022.

Key facts

  • This page summarizes Matthew E. Rubel's Form 4 filing for Holley Inc. (HLLY).
  • 5 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 08 Aug 2022, 16:13.

Change

  • Previous filing in this sequence was filed on 31 May 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HLLY transaction

Common Stock

Other

Transaction value
$0
Shares
+493,632
Change %
Price
$0.000000
Shares after
493,632
Date
05 Aug 2022
Ownership
By Rubel Family Management Trust U/A Dated 10/8/2018
Footnotes
F1, F2
HLLY transaction

Common Stock

Other

Transaction value
$0
Shares
+134,831
Change %
Price
$0.000000
Shares after
134,831
Date
05 Aug 2022
Ownership
By Matthew Rubel Family Annual Exclusion Trust FBO Joshua Rubel
Footnotes
F1, F3
HLLY transaction

Common Stock

Other

Transaction value
$0
Shares
+134,831
Change %
Price
$0.000000
Shares after
134,831
Date
05 Aug 2022
Ownership
By Matthew Rubel Family Annual Exclusion Trust FBO Jeffrey Rubel
Footnotes
F1, F4
HLLY transaction

Common Stock

Other

Transaction value
$0
Shares
+134,831
Change %
Price
$0.000000
Shares after
134,831
Date
05 Aug 2022
Ownership
By Matthew Rubel Family Annual Exclusion Trust FBO Michael Rubel
Footnotes
F1, F5
HLLY holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
26,320
Date
05 Aug 2022
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HLLY transaction Derivative

Warrants to purchase Common Stock

Other

Transaction value
$0
Shares
+233,333
Change %
Price
$0.000000
Shares after
233,333
Date
05 Aug 2022
Ownership
By Rubel Family Management Trust U/A Dated 10/8/2018
Underlying class
Common Stock
Underlying amount
233,333
Exercise price
$11.50
Footnotes
F1, F2, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

On August 5, 2022, Empower Sponsor Holdings LLC ("Sponsor") effectuated a distribution of its 6,250,000 shares of common stock, par value $0.0001 per share (the "Common Stock") of Holley Inc. (the "Issuer") and 4,666,667 warrants to purchase Common Stock (the "Warrants") (and such distributions, the "Distribution"). As part of the Distribution, (i) 493,632 shares of Common Stock and 233,333 Warrants were distributed to the Rubel Family Management Trust U/A Dated 10/8/2018 ("Management Trust"), (ii) 134,831 shares of Common Stock was distributed to the Matthew Rubel Family Annual Exclusion Trust FBO Joshua Rubel (the "Joshua Trust"), (iii) 134,831 shares of Common Stock was distributed to the Matthew Rubel Family Annual Exclusion Trust FBO Jeffrey Rubel (the "Jeffrey Trust"), and (iv) 134,831 shares of Common Stock was distributed to the Matthew Rubel Family Annual Exclusion Trust FBO Michael Rubel (the "Michael Trust"). The remaining shares of Common Stock and Warrants previously hel

Footnote F2

Management Trust is the record holder of the securities reported. Mr. Rubel and Melissa Rubel are the trustees of the Management Trust and have shared voting and investment control over the securities held by the Management Trust. Each of Mr. Rubel and Ms. Rubel disclaim beneficial ownership except to the extent of their respective pecuniary interests therein.

Footnote F3

Joshua Trust is the record holder of the securities reported. Mr. Rubel is the trustee of the Joshua Trust and has voting and investment control over the securities held by the Joshua Trust. Mr. Rubel disclaims beneficial ownership except to the extent of his pecuniary interests therein.

Footnote F4

Jeffrey Trust is the record holder of the securities reported. Mr. Rubel is the trustee of the Jeffrey Trust and has voting and investment control over the securities held by the Jeffrey Trust. Mr. Rubel disclaims beneficial ownership except to the extent of his pecuniary interests therein.

Footnote F5

Michael Trust is the record holder of the securities reported. Mr. Rubel is the trustee of the Michael Trust and has voting and investment control over the securities held by the Michael Trust. Mr. Rubel disclaims beneficial ownership except to the extent of his pecuniary interests therein.

Footnote F6

The Warrants become exercisable at any time commencing on the later of one year from the closing of the Issuer's initial public offering, which occurred on October 9, 2020, and 30 days after the completion of Issuer's initial business combination, which closed on July 16, 2021, and expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.

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