Owen Basham - Mar 22, 2022 Form 4 Insider Report for Holley Inc. (HLLY)

Role
Director, 10%+ Owner
Signature
/s/ Owen S. Basham
Stock symbol
HLLY
Transactions as of
Mar 22, 2022
Transactions value $
-$117,440,000
Form type
4
Date filed
7/19/2022, 09:14 PM
Previous filing
Feb 15, 2022
Next filing
May 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLLY Common Stock Sale -$26M -2M -3.53% $13.00 54.7M Mar 22, 2022 See footnote F1, F2, F3
transaction HLLY Common Stock Sale -$91.4M -8M -12.76% $11.43 54.7M Apr 25, 2022 See footnote F2, F3, F4, F5
transaction HLLY Common Stock Other $0 -17K -64.59% $0.00 9.32K Jul 16, 2022 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 22, 2022, Holley Parent Holdings, LLC sold 2,000,000 shares of common stock, par value $0.0001 per share ("Common Stock") of Holley Inc. (the "Issuer") in a transaction registered pursuant to the Issuer's Registration Statement on Form S-1 (Registration No. 333-258075).
F2 The amount of securities beneficially owned by the reporting person as reported on its Form 4 filed on May 13, 2022, reflected the March 22, 2022 and April 25, 2022 dispositions reported in this Form 4; accordingly, the amount of securities beneficially owned by the reporting person on this Form 4 has not been further adjusted.
F3 These securities are held by Holley Parent Holdings, LLC. The reporting person may be deemed to beneficially own shares held directly by Holley Parent Holdings, LLC by virtue of his relationship with Holley Parent Holdings, LLC. The reporting person disclaims beneficial ownership of the shares held by Holley Parent Holdings, LLC other than to the extent of his pecuniary interest therein.
F4 The shares were sold by Holley Parent Holdings, LLC pursuant to an underwritten public offering, which closed on April 25, 2022.
F5 The selling price of such shares was $11.43, which represents the price to the public less the underwriting discounts and commissions.
F6 Each share of Common Stock underlying the restricted stock units that vested on July 16, 2022 pursuant to the Issuer's 2021 Omnibus Incentive Plan was transferred to Sentinel Capital Partners, L.L.C. ("Sentinel") pursuant to a side letter between the reporting person and Sentinel.