Hagerty, Inc. — Director's Dealing 2021

May 15, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Aldel Financial Inc. (ADF)
CIK: 0001840776
Period of Report: 2021-04-09

Reporting Person: Aldel LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock, par value $0.0001	1500000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrant	$11.50		Common stock, par value $0.0001 (750000)		Direct

Footnotes

F1: The securities reported herein are held as units ("Units"), with each Unit consisting of one share of common stock, par value $0.0001 per share ("Common Stock"), of Aldel Financial Inc. (the "Company") and one-half of one warrant to purchase one share of Common Stock at an exercise price of $11.50 per share (the "Warrants").

F2: The Warrants will become exercisable at any time commencing on the later of (a) 12 months from April 12, 2021, the closing date of the Company's initial public offering, or (b) 30 days after the completion of the Company's initial business combination.

F3: The Warrants will expire five years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.