0001840776-22-000062.txt : 20220405
0001840776-22-000062.hdr.sgml : 20220405
20220405164318
ACCESSION NUMBER: 0001840776-22-000062
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220401
FILED AS OF DATE: 20220405
DATE AS OF CHANGE: 20220405
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KAUFFMAN ROBERT I
CENTRAL INDEX KEY: 0001124462
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40244
FILM NUMBER: 22807652
MAIL ADDRESS:
STREET 1: C/O FIG LLC 1345 AVENUE OF THE AMERICAS
CITY: NEW YORK, NY
STATE: X1
ZIP: 10105
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Hagerty, Inc.
CENTRAL INDEX KEY: 0001840776
STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 121 DRIVERS EDGE
CITY: TRAVERSE CITY
STATE: MI
ZIP: 49684
BUSINESS PHONE: 800-922-4050
MAIL ADDRESS:
STREET 1: 121 DRIVERS EDGE
CITY: TRAVERSE CITY
STATE: MI
ZIP: 49684
FORMER COMPANY:
FORMER CONFORMED NAME: Aldel Financial Inc.
DATE OF NAME CHANGE: 20210115
4
1
wf-form4_164919137892917.xml
FORM 4
X0306
4
2022-04-01
0
0001840776
Hagerty, Inc.
HGTY
0001124462
KAUFFMAN ROBERT I
105 S. MAPLE STREET
ITASCA
IL
60143
1
0
0
0
Class A Common Stock
2022-04-01
4
A
0
8341
0
A
33341
D
Class A Common Stock
3500000
I
By Aldel LLC
Class A Common Stock
2715000
I
By Aldel Investors LLC
Respresents shares of Class A Common Stock of Hagerty, Inc. ("Class A Common Stock") underlying Restricted Stock Units ("RSUs") acquired by the Reporting Person under Hagerty, Inc.'s (the "Issuer") 2021 Equity Incentive Plan. The RSUs vest on April 1, 2023, subject to the Reporting Person's continued service with the Issuer, with exceptions for death or disability.
Consists of 1,500,000 shares of Class A Common Stock acquired by Aldel LLC as part of the public units ("Public Units") of Aldel Financial Inc. ("Aldel") in connection with Aldel's initial public offering in April 2021 (the "Aldel IPO"), and 2,000,000 shares of Class A Common Stock acquired by Aldel LLC as part of the PIPE transaction (the "PIPE Units") in connection with Aldel's initial business combination completed in December 2021 (the "Business Combination"). Each Public Unit was purchased for $10.00 per share and consists of one share of Class A Common Stock and one-half of one Public Warrant to purchase one share of Class A Common Stock at an exercise price of $11.50 per share. Each PIPE Unit was purchased for $10.00 per share and consists of one share of Class A Common Stock and 18% of one PIPE Warrant to purchase one share of Class A Common Stock at an exercise price of $11.50 per share.
Held by Aldel LLC. Mr. Kauffman is the manager of Aldel LLC and has voting and investment discretion with respect to the shares of common stock held of record by Aldel LLC. Mr. Kauffman disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Consists of 515,000 shares of Class A Common Stock acquired by Aldel Investors LLC as part of a private placement in connection with the Aldel IPO (the "Private Units"), and 2,200,000 shares of Class A Common Stock which were converted from Aldel's common stock on a one-for-one basis at the closing of the Business Combination. Each Private Unit was purchased for $10.00 per share and consists of one share of Class A Common Stock and one-half of one Private Placement Warrant to purchase one share of Class A Common Stock at an exercise price of $11.50 per share.
Held by Aldel Investors LLC. Mr. Kauffman is the manager of Aldel Investors LLC and has voting and investment discretion with respect to the shares of common stock held of record by Aldel Investors LLC. Mr. Kauffman disclaims beneficial ownership of the reported securities except to the extent of hispecuniary interest therein.
/s/ Barbara Matthews, SVP, General Counsel
and Secretary, by Power of Attorney
2022-04-05