Hagerty, Inc. — Director's Dealing 2021

Apr 13, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Aldel Financial Inc. (ADF)
CIK: 0001840776
Period of Report: 2021-04-08

Reporting Person: KAUFFMAN ROBERT I (Director, Chief Executive Officer, 10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B common stock	$		Class A common stock (2225000)		Direct

Footnotes

F1: At the time of our initial business combination, the shares of Class B common stock will convert into shares of Class A common stock on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights. The Class B common stock has no expiration date.

F2: Includes 2,200,000 shares of Class B common held by Aldel Investors LLC. Robert I. Kauffman is a manager of Aldel Investors LLC. Mr. Kauffman has voting and investment discretion with respect to the common stock held of record by Aldel Investors LLC.