| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | HGTY | Class A Common Stock | Award | $0 | +8.34K | +33.36% | $0.00 | 33.3K | Apr 1, 2022 | Direct | F1 |
| holding | HGTY | Class A Common Stock | 3.5M | Apr 1, 2022 | By Aldel LLC | F2, F3 | |||||
| holding | HGTY | Class A Common Stock | 2.72M | Apr 1, 2022 | By Aldel Investors LLC | F4, F5 |
| 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 RSUs vest on April 1, 2023, subject to the Reporting Person's continued service with the Issuer, with exceptions for death or disability. |
| F2 | Consists of 1,500,000 shares of Class A Common Stock acquired by Aldel LLC as part of the public units ("Public Units") of Aldel Financial Inc. ("Aldel") in connection with Aldel's initial public offering in April 2021 (the "Aldel IPO"), and 2,000,000 shares of Class A Common Stock acquired by Aldel LLC as part of the PIPE transaction (the "PIPE Units") in connection with Aldel's initial business combination completed in December 2021 (the "Business Combination"). Each Public Unit was purchased for $10.00 per share and consists of one share of Class A Common Stock and one-half of one Public Warrant to purchase one share of Class A Common Stock at an exercise price of $11.50 per share. Each PIPE Unit was purchased for $10.00 per share and consists of one share of Class A Common Stock and 18% of one PIPE Warrant to purchase one share of Class A Common Stock at an exercise price of $11.50 per share. |
| F3 | Held by Aldel LLC. Mr. Kauffman is the manager of Aldel LLC and has voting and investment discretion with respect to the shares of common stock held of record by Aldel LLC. Mr. Kauffman disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. |
| F4 | Consists of 515,000 shares of Class A Common Stock acquired by Aldel Investors LLC as part of a private placement in connection with the Aldel IPO (the "Private Units"), and 2,200,000 shares of Class A Common Stock which were converted from Aldel's common stock on a one-for-one basis at the closing of the Business Combination. Each Private Unit was purchased for $10.00 per share and consists of one share of Class A Common Stock and one-half of one Private Placement Warrant to purchase one share of Class A Common Stock at an exercise price of $11.50 per share. |
| F5 | Held by Aldel Investors LLC. Mr. Kauffman is the manager of Aldel Investors LLC and has voting and investment discretion with respect to the shares of common stock held of record by Aldel Investors LLC. Mr. Kauffman disclaims beneficial ownership of the reported securities except to the extent of hispecuniary interest therein. |