William H. Swanson - Jul 3, 2024 Form 4 Insider Report for Hagerty, Inc. (HGTY)

Role
Director
Signature
/s/ Diana M. Chafey, Power of Attorney
Stock symbol
HGTY
Transactions as of
Jul 3, 2024
Transactions value $
$0
Form type
4
Date filed
7/8/2024, 08:57 PM
Previous filing
Apr 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HGTY Class A Common Stock Options Exercise +14.4K +3.6% 414K Jul 3, 2024 By Trust F1, F2, F3
holding HGTY Class A Common Stock 28.5K Jul 3, 2024 Direct

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 Warrants Options Exercise -72K -100% 0 Jul 3, 2024 Class A Common Stock 72K By Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The disposition of the warrants and the acquisition of Class A common stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock") by The William and Cheryl Swanson Revocable Trust UTD 9/28/2000 (the "Trust") were approved by a committee comprised entirely of non-employee directors as defined in Rule 16b-3(b)(3) under the Securities Exchange Act of 1934, as amended.
F2 On July 3, 2024, pursuant to the Issuer's previously announced exchange offer, the Trust exchanged 72,000 warrants, which previously entitled the Trust to purchase one share of Class A Common Stock at a price of $11.50 per share, for 14,400 shares of Class A Common Stock.
F3 These securities are held by the Trust, of which the Reporting Person is trustee.