On June 17, 2022, Hagerty, Inc. (the "Company") reports that Mr. Kelly Smith, the Company's Chief Strategy Officer, was separated from employment with the Company effective June 17, 2022. Mr. Smith's Employment Agreement, dated March 1, 2021 (the “Employment Agreement”), was terminated pursuant to Section 5(a) therein resulting in his eligibility to receive payment under the terms of the Employment Agreement.