Form 4: Hagerty Director Robert Kauffman Sells Class A Common Stock

Robert Kauffman, a director at Hagerty, Inc., executed multiple sales of Class A Common Stock between June 14 and June 18, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Robert Kauffman, a director of Hagerty, Inc., reported the sale of Class A Common Stock.
• The sales occurred on June 14, 17, and 18, 2024.
• On June 14, 2024, 10,976 shares were sold at a weighted average price of $10.01.
• On June 17, 2024, 8,251 shares were sold at a weighted average price of $10.03.
• On June 18, 2024, 28,297 shares were sold at a weighted average price of $10.29.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 11, 2023.
• Following these transactions, Robert Kauffman directly owns no shares, but indirectly owns 3,236,542 shares through Aldel LLC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock sales by a company insider and is a common occurrence in publicly traded companies.

Stakeholder Impact

• The stock sales by a director could potentially create short-term selling pressure on the stock price, impacting shareholders.

Key Dates