HGTY.NYSEHagerty, INC

Form 4: Hagerty Director Sells Over 91,000 Shares

Sentiment:

Insider Transaction Report

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Hagerty Director Robert I. Kauffman sold 91,307 shares of Class A Common Stock over three days in October 2025, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

  • Robert I. Kauffman, a Director of Hagerty, Inc. (HGTY), reported the sale of Class A Common Stock.
  • The transactions occurred on October 14, 2025, October 15, 2025, and October 16, 2025.
  • A total of 91,307 shares were sold directly by the reporting person.
  • The sales were executed under a Rule 10b5-1 trading plan adopted on August 9, 2024.
  • On October 14, 2025, 55,524 shares were sold at a weighted average price of $12.16 per share.
  • On October 15, 2025, 12,391 shares were sold at a weighted average price of $12.14 per share.
  • On October 16, 2025, 23,392 shares were sold at a weighted average price of $11.64 per share.
  • Following these transactions, Robert I. Kauffman indirectly beneficially owns 987,742 shares through Aldel LLC.
  • Kauffman is the manager of Aldel LLC and has voting and investment discretion over its securities, disclaiming beneficial ownership except for his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reports a pre-planned insider sale under a Rule 10b5-1 trading plan, which is typically for personal financial management and not indicative of a change in company outlook or performance.

Negatives

  • A director's sale of shares, even if pre-planned, can sometimes be perceived by the market as a lack of confidence, though the Rule 10b5-1 plan mitigates this interpretation.

Related Party Transactions

  • Robert I. Kauffman, the reporting person, is the manager of Aldel LLC, which holds 987,742 shares of Class A Common Stock indirectly beneficially owned by him. He has voting and investment discretion over these securities.

Stakeholder Impact

  • Shareholders: The sale of shares by a director, even if pre-planned, could lead to minor market speculation, but the impact is generally limited due to the nature of a 10b5-1 plan.

Key Dates

DateDescription
August 9, 2024Date the Rule 10b5-1 trading plan was adopted by the Reporting Person.
October 14, 2025Transaction date for the sale of 55,524 shares of Class A Common Stock.
October 15, 2025Transaction date for the sale of 12,391 shares of Class A Common Stock.
October 16, 2025Transaction date for the sale of 23,392 shares of Class A Common Stock and the filing date of the Form 4.

Keywords

Hagerty, HGTY, Insider Trading, Form 4, Stock Sale, Director, Robert I. Kauffman, 10b5-1 Plan, Equity Transaction

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