Hagerty, Inc. — Director's Dealing 2021

Dec 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: KAUFFMAN ROBERT I (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-02	Class A Common Stock	J	2000000	—	Acquired	2000000	Indirect
2021-12-02	Class A Common Stock	M	2225000	—	Acquired	2225000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-02	Class B Common Stock	$	M	2225000	Disposed		Class A Common Stock (2225000)	Direct

Footnotes

F1: Consists of 2,000,000 shares of Class A Common Stock purchased in a private placement from Aldel Financial Inc. (the "PIPE Financing") by Aldel LLC for $10.00 per share.

F2: Held by Aldel LLC. Mr. Kauffman is the managing member of Aldel LLC and has voting and investment power over the shares of Class A Common Stock held by Aldel LLC.

F3: As described in Aldel Financial Inc.'s definitive proxy statement dated November 10, 2021 under the heading "Description of Securities of Aldel- Founder Shares," the shares of Class B common stock of the Issuer were automatically converted into shares of Class A common stock at the time of the registrant's initial business combination on a one-for-one basis.

F4: Includes 2,200,000 shares held by Aldel Investors LLC. Mr. Kauffman is the manager of Aldel Investors LLC and has voting and investment power over the shares of Class A Common Stock held by Aldel Investors LLC.