Form 4: Hagerty, Inc. Director Robert I. Kauffman Reports Stock Sales

Director Robert I. Kauffman reported the sale of Hagerty, Inc. Class A Common Stock through direct and indirect holdings via Aldel LLC, 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 sales occurred on September 10, 2024, September 11, 2024, and September 12, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 11, 2023.
• On September 10, 2024, 7,378 shares were sold at a weighted average price of $11.07.
• On September 11, 2024, 6,516 shares were sold at a weighted average price of $10.88.
• On September 12, 2024, 2,203 shares were sold at a weighted average price of $11.09.
• The sales were conducted both directly and indirectly through Aldel LLC, where Kauffman serves as the manager.
• Following the reported transactions, Aldel LLC beneficially owns 5,181,576 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a director, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider and is a common occurrence for publicly traded companies. It provides transparency to the market regarding the trading activities of individuals with access to inside information.

Stakeholder Impact

• The stock sales by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although the sales were conducted under a pre-arranged trading plan.

Key Dates