Form 4: Hagerty Inc. Director Robert I. Kauffman Executes Stock Sales Under 10b5-1 Plan
SEC Form 4 Filing
Director Robert I. Kauffman sold shares of Hagerty, Inc. (HGTY) Class A Common Stock between January 2nd and January 6th, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Robert I. Kauffman, a director of Hagerty, Inc., executed multiple sales of Class A Common Stock between January 2nd and January 6th, 2025.
- The sales were conducted under a Rule 10b5-1 trading plan adopted on August 9, 2024.
- On January 2, 2025, 8,175 shares were sold at a weighted average price of $9.83.
- On January 3, 2025, 5,823 shares were sold at a weighted average price of $9.82.
- On January 6, 2025, 6,111 shares were sold at a weighted average price of $9.66.
- Following these transactions, Kauffman directly owns 53,474 shares and indirectly owns 4,417,368 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 routine regulatory filing detailing stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Insider trading activity is closely monitored by investors as it can provide insights into management's perspective on the company's future prospects. Sales under a pre-arranged 10b5-1 plan are generally viewed as less informative than discretionary trades.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Date the Rule 10b5-1 trading plan was adopted by the Reporting Person |
| 01/02/2025 | Date of first transaction: Sale of 8,175 shares of Class A Common Stock |
| 01/03/2025 | Date of second transaction: Sale of 5,823 shares of Class A Common Stock |
| 01/06/2025 | Date of third transaction: Sale of 6,111 shares of Class A Common Stock |
| 01/06/2025 | Date of signature for the Form 4 filing |
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