Corre Partners Management, LLC - Jun 27, 2022 Form 4 Insider Report for Horizon Global Corp (HZN)

Role: Director, Other*
Signature: /s/ Paula Reno, Attorney-in-Fact
Stock symbol: HZN
Transactions as of: Jun 27, 2022
Transactions value $: -$40,000,000
Form type: 4
Date filed: 6/29/2022, 04:41 PM
Previous filing: Jun 24, 2022
Next filing: Jul 6, 2022

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	HZN	2.75% Convertible Senior Notes due 2022	Sale	-$40M				7.23M	Jun 27, 2022	Common Stock	1.6M	$24.98	See Footnote	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Sold in exchange for $40,000,000 of the Issuer's Series B Preferred Stock.
F2	Represents the principal amount of convertible notes.
F3	The reported securities are directly owned by clients of Corre Partners Management, LLC ("Corre"). The securities may be deemed to be beneficially owned by Corre because Corre serves as the investment manager to each such client. Corre disclaims any beneficial ownership of any and all of the Issuer's securities reported herein in excess of its actual pecuniary interest.

Remarks:

Corre may be deemed to be a director by deputization for purposes of Section 16 under the Securities and Exchange Act of 1934 by virtue of the fact that John Barrett, Managing Partner of Corre, currently serves on the board of directors of the Issuer.