Matthew E. Rubel - Aug 5, 2022 Form 4 Insider Report for Holley Inc. (HLLY)

Role
Director
Signature
/s/ Dominic Bardos, Attorney-In-Fact for Matthew E. Rubel
Stock symbol
HLLY
Transactions as of
Aug 5, 2022
Transactions value $
$0
Form type
4
Date filed
8/8/2022, 04:13 PM
Previous filing
May 31, 2022
Next filing
Feb 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLLY Common Stock Other $0 +494K $0.00 494K Aug 5, 2022 By Rubel Family Management Trust U/A Dated 10/8/2018 F1, F2
transaction HLLY Common Stock Other $0 +135K $0.00 135K Aug 5, 2022 By Matthew Rubel Family Annual Exclusion Trust FBO Joshua Rubel F1, F3
transaction HLLY Common Stock Other $0 +135K $0.00 135K Aug 5, 2022 By Matthew Rubel Family Annual Exclusion Trust FBO Jeffrey Rubel F1, F4
transaction HLLY Common Stock Other $0 +135K $0.00 135K Aug 5, 2022 By Matthew Rubel Family Annual Exclusion Trust FBO Michael Rubel F1, F5
holding HLLY Common Stock 26.3K Aug 5, 2022 Direct

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 HLLY Warrants to purchase Common Stock Other $0 +233K $0.00 233K Aug 5, 2022 Common Stock 233K $11.50 By Rubel Family Management Trust U/A Dated 10/8/2018 F1, F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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
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.
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.
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.
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.
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.