Form 4: Hagerty Inc. Director Robert I. Kauffman Sells Class A Common Stock
SEC Form 4 Filing
Director Robert I. Kauffman sold shares of Hagerty, Inc. Class A Common Stock on April 24 and 25, 2025, according to a Form 4 filing with the SEC.
Summary
- Robert I. Kauffman, a director of Hagerty, Inc., reported the sale of Class A Common Stock on April 24 and 25, 2025.
- On April 24, 2025, Kauffman sold 8,179 shares at a weighted average price of $9.1, with individual trades ranging from $9.02 to $9.16.
- On April 25, 2025, Kauffman sold 1,149 shares at a weighted average price of $9.02, with individual trades ranging from $9.00 to $9.07.
- These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 9, 2024.
- Following these transactions, Kauffman directly owns 67,302 shares and indirectly owns 4,083,818 shares through Aldel LLC.
Sentiment
Score: 4
Explanation: The sentiment is neutral to slightly negative due to the insider selling shares, which could be interpreted as a lack of confidence in the company's future prospects, although the sales were pre-planned.
Negatives
- A director selling shares could be perceived negatively by investors.
Risks
- Continued sales by insiders could put downward pressure on the stock price.
Industry Context
Insider sales are a common occurrence, and the impact on the stock price often depends on the size of the sale, the reason for the sale, and overall market conditions.
Stakeholder Impact
- Shareholders may react to the insider selling activity.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 04/24/2025 | Date of first reported transaction (sale of shares) |
| 04/25/2025 | Date of second reported transaction (sale of shares) |
| 04/28/2025 | Date of signature on the Form 4 filing |
Keywords
Hagerty Inc., Robert I. Kauffman, Class A Common Stock, SEC Form 4, Insider Trading, Rule 10b5-1
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