Form 4: Hagerty Inc. Director Robert I. Kauffman Executes Stock Sale Under 10b5-1 Plan

Director Robert I. Kauffman sold 1,215 shares of Hagerty, Inc. Class A Common Stock at an average price of $9.07, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 2, 2025, Robert I. Kauffman, a director of Hagerty, Inc. (HGTY), sold 1,215 shares of Class A Common Stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on August 9, 2024.
• The shares were sold at a weighted average price of $9.07, with individual trades ranging from $9.00 to $9.15.
• Following the transaction, Kauffman directly owns 67,302 shares and indirectly owns 4,093,146 shares through Aldel LLC.
• Kauffman disclaims beneficial ownership of the shares held by Aldel LLC except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, as it's simply a factual disclosure.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding transactions by company insiders. The use of a 10b5-1 plan suggests the insider planned the transaction in advance to avoid accusations of trading on non-public information.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The information disclosed is consistent with regulatory requirements.
• Comparable companies would have similar filings when their directors or officers trade company stock.

Key Dates

Keywords

Hagerty, Inc., Robert I. Kauffman, Class A Common Stock, Form 4, SEC, Rule 10b5-1, Aldel LLC, Director, Insider Trading, Stock Sale