John Frederick Barrett - Feb 8, 2023 Form 4 Insider Report for Horizon Global Corp (HZN)

Role: Director
Signature: /s/ Paula Reno, Attorney-in-Fact
Stock symbol: HZN
Transactions as of: Feb 8, 2023
Transactions value $: -$5,385,357
Form type: 4
Date filed: 2/9/2023, 08:03 PM
Previous filing: Jun 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HZN	Common Stock	Disposition pursuant to a tender of shares in a change of control transaction	-$4.27M	-2.44M	-98.65%	$1.75	33.3K	Feb 8, 2023	See Footnote	F1, F2
transaction	HZN	Common Stock	Disposed to Issuer	-$58.3K	-33.3K	-100%	$1.75	0	Feb 8, 2023	See Footnote	F1, F2

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	Warrants To Purchase Common Stock	Disposed to Issuer	-$1.05M	-4.21M	-100%	$0.25^*	0	Feb 8, 2023	Common Stock	4.21M	$1.50	See Footnote	F2, F3, F4

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

John Frederick Barrett is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Pursuant to the Agreement and Plan of Merger, dated December 30, 2022, by and among First Brands Group, LLC, PHX Merger Sub, Inc. ("Merger Sub") and the Issuer (the "Merger Agreement") by which Merger Sub merged with and into Issuer, with Issuer continuing as the surviving corporation (the "Merger"), shares of Issuer Common Stock were tendered by the Insider, and outstanding restricted stock units ("RSUs") were canceled, for the per-unit or per-share purchase price of $1.75.
F2	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.
F3	The amounts include shares of the Issuer's Common Stock underlying warrants held by Corre that were subject to limitations on the right to exercise.
F4	Pursuant to the Agreement and Plan of Merger, dated December 30, 2022, by and among First Brands Group, LLC, PHX Merger Sub, Inc. ("Merger Sub") and the Issuer (the "Merger Agreement") by which Merger Sub merged with and into Issuer, with Issuer continuing as the surviving corporation (the "Merger"), the warrants were deemed automatically exercised and canceled for the aggregate price of the per-warrant purchase price of $1.75 minus the per-warrant exercise price of $1.50 times the number of warrants.