Robert I. Kauffman - Dec 9, 2022 Form 4 Insider Report for Hagerty, Inc. (HGTY)

Role
Director
Signature
/s/ Barbara Matthews, Attorney in Fact
Stock symbol
HGTY
Transactions as of
Dec 9, 2022
Transactions value $
$49,923
Form type
4
Date filed
12/13/2022, 03:14 PM
Previous filing
Oct 12, 2022
Next filing
Dec 20, 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 HGTY Public Warrants Purchase $49.9K +25.1K +3.31% $1.99* 783K Dec 9, 2022 Class A Common Stock 25.1K $11.50 By Aldel LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported purchase was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2022.
F2 This transaction was executed in multiple trades at prices ranging from $1.99 to $2.00. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 Held by Aldel LLC. Mr. Kauffman is the manager of Aldel LLC and has voting and investment discretion with respect to the securities held of record by Aldel LLC. Mr. Kauffman disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.