Hagerty, Inc. — Director's Dealing 2021

Dec 15, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Hagerty, Inc. (HGTY)
CIK: 0001840776
Period of Report: 2021-12-02

Reporting Person: Hagerty Holding Corp. (10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class V Common Stock	$		Class A Common Stock (176033906)		Direct

Footnotes

F1: Each share of Class V Common Stock is paired with one unit of limited liability company interest of The Hagerty Group, LLC (each, an "OpCo Unit" and, together with each corresponding share of Class V Common Stock, a "Paired Interest"). Each Paired Interest has no expiration date and is exchangeable, at the option of the holder, on a one-for-one basis for a share of Class A Common Stock of the Issuer or, at the option of the Issuer, an equivalent value in cash, pursuant to the Exchange Agreement dated December 2, 2021, among the Reporting Person, The Hagerty Group, LLC, Hagerty Holding Corp. and the Issuer. Each share of Class V Common Stock has no incidents of economic ownership and has ten (10) votes per share until the earlier of (i) December 2, 2036, and (ii) transfer to a non-qualified transferee, after which it has one (1) vote per share.