0001840776-24-000147.txt : 20240708
0001840776-24-000147.hdr.sgml : 20240708
20240708215600
ACCESSION NUMBER: 0001840776-24-000147
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240703
FILED AS OF DATE: 20240708
DATE AS OF CHANGE: 20240708
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KAUFFMAN ROBERT I
CENTRAL INDEX KEY: 0001124462
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40244
FILM NUMBER: 241106225
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]
ORGANIZATION NAME: 02 Finance
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
wk-form4_1720490154.xml
FORM 4
X0508
4
2024-07-03
0
0001840776
Hagerty, Inc.
HGTY
0001124462
KAUFFMAN ROBERT I
105 S. MAPLE STREET
ITASCA
IL
60143
1
0
0
0
1
Class A Common Stock
2024-07-03
4
M
0
427776
A
5543650
I
By Aldel LLC
Class A Common Stock
2024-07-03
4
S
0
4548
11.04
D
5539102
I
By Aldel LLC
Class A Common Stock
2024-07-05
4
S
0
4404
10.90
D
5534698
I
By Aldel LLC
Class A Common Stock
2024-07-08
4
S
0
6202
11.07
D
5528496
I
By Aldel LLC
Class A Common Stock
53474
D
Warrants
2024-07-03
4
M
0
1231384
D
Class A Common Stock
1231384
0
I
By Aldel LLC
Warrants
2024-07-03
4
M
0
907500
D
Class A Common Stock
907500
0
I
By Aldel Capital LLC
The disposition of the warrants and the acquisition of Class A common stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock") by Aldel LLC and Aldel Capital LLC were approved by a committee comprised entirely of non-employee directors as defined in Rule 16b-3(b)(3) under the Securities Exchange Act of 1934, as amended.
On July 3, 2024, pursuant to the Issuer's previously announced exchange offer, (i) Aldel LLC exchanged 360,000 PIPE Warrants for 72,000 shares of Class A Common Stock, (ii) Aldel LLC exchanged 871,384 Public Warrants for 174,276 shares of Class A Common Stock, (iii) Aldel Capital LLC exchanged 257,500 Private Placement Warrants for 51,500 shares of Class A Common Stock, which settled in the name of Aldel LLC, and (iv) Aldel Capital LLC exchanged 650,000 OTM Warrants for 130,000 shares of Class A Common Stock, which settled in the name of Aldel LLC. The PIPE Warrants, Public Warrants and Private Placement Warrants each previously entitled the holder to purchase one share of Class A Common Stock at a price of $11.50 per share. The OTM Warrants previously entitled the holder to purchase one share of Class A Common Stock at a price of $15.00 per share.
Includes 2,143,571 shares of Class A Common Stock held by Aldel LLC which originally converted from Class B common stock upon the closing of the initial business combination on December 2, 2021.
Held by Aldel LLC. The Reporting Person is the manager of Aldel LLC and has voting and investment discretion with respect to the securities held of record by Aldel LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 11, 2023.
This transaction was executed in multiple trades at prices ranging from $10.95 to $11.10. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
This transaction was executed in multiple trades at prices ranging from $10.78 to $11.04. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
This transaction was executed in multiple trades at prices ranging from $10.94 to $11.14. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
Held by Aldel Capital LLC. Aldel Capital LLC is wholly owned by Aldel LLC. The Reporting Person has voting and investment power over the shares of Class A Common Stock held by Aldel Capital LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
/s/ Diana M. Chafey, Power of Attorney
2024-07-08