Vinod Nimmagadda - Mar 13, 2023 Form 4 Insider Report for Holley Inc. (HLLY)

Role: EVP Corp. Dev & New Ventures
Signature: /s/ Carly Kennedy, Attorney-In-Fact for Vinod Nimmagadda
Stock symbol: HLLY
Transactions as of: Mar 13, 2023
Transactions value $: -$4,579
Form type: 4
Date filed: 3/15/2023, 05:25 PM
Previous filing: Mar 10, 2023
Next filing: Jul 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLLY	Common Stock	Tax liability	-$4.58K	-2.04K	-0.97%	$2.25	207K	Mar 13, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This amount represents shares automatically withheld to cover required tax withholdings upon the March 13, 2023 release of 6,862 restricted shares of common stock that vested on February 15, 2023. The number of shares to be withheld was determinable on March 13, 2023. The fair market value of HLLY common stock used for purposes of calculating the number of shares to be withheld was the closing price of HLLY common stock as reported on February 14, 2023.

Content

This amount represents shares automatically withheld to cover required tax withholdings upon the March 13, 2023 release of 6,862 restricted shares of common stock that vested on February 15, 2023. The number of shares to be withheld was determinable on March 13, 2023. The fair market value of HLLY common stock used for purposes of calculating the number of shares to be withheld was the closing price of HLLY common stock as reported on February 14, 2023.