Kenneth Ahn - 01 Apr 2024 Form 4/A Insider Report for Hagerty, Inc. (HGTY)

Signature
/s/ Diana M. Chafey, Power of Attorney
Issuer symbol
HGTY
Transactions as of
01 Apr 2024
Net transactions value
-$75,560
Form type
4/A
Filing time
10 Jul 2024, 16:08:29 UTC
Date Of Original Report
03 Apr 2024
Previous filing
10 Apr 2023
Next filing
03 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HGTY Class A Common Stock Award $0 +24,590 +30% $0.000000 107,547 01 Apr 2024 Direct F1
transaction HGTY Class A Common Stock Tax liability $75,560 -8,276 -7.7% $9.13 99,271 01 Apr 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock of Hagerty, Inc. ("Class A Common Stock") underlying restricted stock units ("RSUs") acquired by the Reporting Person under the Hagerty, Inc. (the "Issuer") 2021 Equity Incentive Plan (the "Plan"). The RSUs vest in equal amounts on each annual-anniversary of the grant date ending on April 1, 2027, subject to the Reporting Person's continued service with the Issuer, with exceptions for death, disability, or retirement terminations, or a change of control of the Issuer.
F2 Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs pursuant to various RSU award agreements.
F3 On April 3, 2024, the Reporting Person filed a Form 4 reporting the grant of RSUs on April 1, 2024. This Form 4/A amends that prior Form 4 to reflect that, pursuant to the RSU award agreements governing the RSU grants made to the Reporting Person, the Issuer withheld for taxes the number of shares of Class A Common Stock indicated in this Form 4/A upon the vesting of RSUs on April 1, 2024.

Remarks:

Exhibit List: Exhibit 24 - Confirmation Statement.