Form 4: Hagerty Director Gifts 150K Shares to Donor Fund

Hagerty Director Robert I. Kauffman reported a gift of 150,000 Class A Common Stock shares to a donor-advised fund.

Summary

• Robert I. Kauffman, a Director of Hagerty, Inc. (HGTY), reported a transaction involving Class A Common Stock.
• On December 22, 2025, Mr. Kauffman made a bona fide gift of 150,000 shares to a donor-advised fund sponsored by RK Family DAF.
• No consideration was received for this gift.
• Following this transaction, Mr. Kauffman indirectly beneficially owns 748,097 shares through Aldel LLC.
• Mr. Kauffman is the manager of Aldel LLC and has voting and investment discretion over the securities held by Aldel LLC, but disclaims beneficial ownership except for his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The filing reports a personal gift of shares by a director, which is a routine insider transaction and does not inherently reflect positively or negatively on the company's operational or financial performance.

Positives

• The transaction represents a charitable contribution by a director, which can be viewed positively from a philanthropic perspective.

Negatives

• No direct negative impact on the company's operations or financial health is indicated by this personal transaction.

Risks

• No specific risks to the company were mentioned in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing reports a routine insider transaction (a gift of shares) and does not provide information relevant to broader industry trends or competitive landscape.

Comparison to Industry Standards

• This filing details a personal stock transaction by a director and does not contain information suitable for comparison to global industry benchmarks, comparable companies, projects, or results.

Management Changes

Corporate Governance

Legal Proceedings

• No litigation or regulatory matters were mentioned in this filing.

Related Party Transactions

• The reported transaction is a personal gift by a director and is not classified as a related party transaction in the context of corporate dealings.

Stakeholder Impact

• Shareholders: Minimal direct impact, as it is a personal gift and not a sale into the open market. The overall float remains unchanged.
• Employees, Customers, Suppliers, Creditors: No direct impact from this personal transaction.

Next Steps

• The filing does not mention any specific future actions, events, or milestones for the company related to this transaction.

Key Dates

Keywords

Hagerty, HGTY, Robert I. Kauffman, Director, Insider Transaction, Form 4, Beneficial Ownership, Stock Gift, Class A Common Stock, Donor-Advised Fund