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