Form 4: Hagerty Inc. Director Robert I. Kauffman Sells Class A Common Stock
SEC Form 4 Filing
Director Robert I. Kauffman reports sales of Hagerty, Inc. Class A Common Stock through a 10b5-1 trading plan.
Summary
- Robert I. Kauffman, a director of Hagerty, Inc., reported the sale of Class A Common Stock.
- The sales occurred on January 10, 2025, January 13, 2025 and January 14, 2025.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 9, 2024.
- The weighted average sale prices ranged from $9.21 to $9.57 per share.
- A total of 19,951 shares were sold directly by Kauffman.
- Following the reported transactions, Kauffman directly owns 53,474 shares and indirectly owns 4,385,549 shares through Aldel LLC.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing trading plan. It doesn't convey any explicit positive or negative information about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of stock sales by a company insider and doesn't necessarily indicate a change in the company's prospects.
Stakeholder Impact
- The stock sales could have a minor negative impact on shareholder sentiment in the short term, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2024-08-09 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-01-10 | Date of first reported transaction |
| 2025-01-13 | Date of second reported transaction |
| 2025-01-14 | Date of third reported transaction |
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