McKeel Hagerty - 01 Apr 2022 Form 4 Insider Report for Hagerty, Inc. (HGTY)

Role: Chief Executive Officer, Director
Signature: /s/ Barbara Matthews, SVP, General Counsel and Secretary, by Power of Attorney
Issuer symbol: HGTY
Transactions as of: 01 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 05 Apr 2022, 16:31:50 UTC
Previous filing: 13 Dec 2021
Next filing: 05 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HGTY	Class A Common Stock	Award	$0	+926,784		$0.000000	926,784	01 Apr 2022	Direct	F1
transaction	HGTY	Class A Common Stock	Award	$0	+157,553	+17%	$0.000000	1,084,337	01 Apr 2022	Direct	F2
transaction	HGTY	Class A Common Stock	Award	$0	+52,518	+4.8%	$0.000000	1,136,855	01 Apr 2022	Direct	F3
transaction	HGTY	Class A Common Stock	Award	$0	+157,553	+14%	$0.000000	1,294,408	01 Apr 2022	Direct	F4
transaction	HGTY	Class A Common Stock	Award	$0	+185	+0.01%	$0.000000	1,294,593	01 Apr 2022	Direct	F4

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	HGTY	Performance Restricted Stock Units	Award	$0	+3,707,136		$0.000000	3,707,136	01 Apr 2022	Class A Common Stock	3,707,136	$0.000000	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Respresents shares of Class A Common Stock of Hagerty, Inc. ("Class A Common Stock") underlying Restricted Stock Units ("RSUs") acquired by the Reporting Person under Hagerty, Inc.'s (the "Issuer") 2021 Equity Incentive Plan (the "Plan"). The RSUs vest in equal amounts on each annual-anniversary of the grant date ending April 1, 2029, subject to the Reporting Person's continued service with the Issuer, with exceptions for death, disability, or retirement.
F2	Respresents shares of Class A Common Stock underlying RSUs acquired by the Reporting Person under the Plan. The RSUs vest in equal amounts on each annual-anniversary of the grant date ending April 1, 2025, subject to the Reporting Person's continued service with the Issuer, with exceptions for death, disability, or retirement.
F3	Respresents shares of Class A Common Stock underlying RSUs acquired by the Reporting Person under the Plan. The RSUs vest on April 1, 2023, subject to the Reporting Person's continued service with the Issuer, with exceptions for death or disability.
F4	Respresents shares of Class A Common Stock underlying RSUs acquired by the Reporting Person under the Plan. The RSUs vest on April 1, 2024, subject to the Reporting Person's continued service with the Issuer, with exceptions for death or disability.
F5	Represents shares of Class A Common Stock underlying Performance Restricted Stock Units ("PRSUs") granted to the Reporting Person under the Plan. The PRSUs will vest, if at all, 25% upon the Class A Common Stock trading above $20.00 per share on the New York Stock Exchange ("NYSE") for sixty (60) consecutive days, 25% upon the Class A Common Stock trading above $25.00 per share on the NYSE for sixy (60) consecutive days, and 50% upon the Class A Common Stock trading above $30.00 per share on the NYSE for sixty (60) consecutive days, subject to the Reporting Person's continued service with the Issuer, with exceptions for death, disability, or retirement.