Form 4: Director Laurie Harris Sells Hagerty Shares

Director Laurie Harris of Hagerty, Inc. reported a transaction involving the sale of Class A Common Stock to cover tax withholding obligations.

Summary

• Director Laurie Harris sold 5,531 shares of Hagerty, Inc. Class A Common Stock on April 7, 2026.
• The sale was executed automatically under a Rule 10b5-1 trading plan adopted on November 10, 2025.
• The transaction was a 'sell to cover' to satisfy tax withholding obligations related to the vesting of restricted stock units.
• The weighted average sale price was $11.01 per share, with individual trades ranging from $10.91 to $11.10.
• Following the transaction, Laurie Harris beneficially owns 36,689 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. While it involves a sale of stock by a director, it is executed under a pre-arranged plan to cover tax obligations, which is a routine and expected event for equity compensation.

Negatives

• Director Laurie Harris sold a portion of their holdings in Hagerty, Inc.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to a director's stock transaction.

Management Comments

• The sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 10, 2025, and does not represent a discretionary transaction.
• The reported sale represents a 'sell to cover' transaction and equals the number of shares required to be sold by the Reporting Person to satisfy tax withholding obligations in connection with the vesting of the Reporting Person's restricted stock units.
• This transaction was executed in multiple trades at prices ranging from $10.91 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.

Industry Context

StockSavvy.ai notes that Form 4 filings, such as this one from Hagerty, Inc. (HGTY), are standard disclosures for insider transactions. The use of a Rule 10b5-1 plan is a common strategy for executives to sell shares without triggering insider trading concerns, particularly for covering tax liabilities upon vesting of equity awards.

Stakeholder Impact

• Shareholders: The sale is a routine event under a 10b5-1 plan for tax withholding and is not expected to have a significant impact on the share price or company strategy.

Key Dates

Keywords

Hagerty Inc, HGTY, Form 4, Insider Transaction, Stock Sale, Rule 10b5-1, Tax Withholding, Restricted Stock Units, Director Sale