Form 4: Hagerty, Inc. Director Robert I. Kauffman Sells Class A Common Stock
SEC Form 4
Robert I. Kauffman, a director at Hagerty, Inc., executed multiple sales of Class A Common Stock between July 14 and July 16, 2025, under 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.
- On July 14, 2025, 8,362 shares were sold at a weighted average price of $10, with individual trades ranging from $9.97 to $10.04.
- On July 15, 2025, 14,862 shares were sold at a weighted average price of $10, with individual trades ranging from $9.92 to $10.14.
- On July 16, 2025, 16,972 shares were sold at a weighted average price of $10.03, with individual trades ranging from $9.91 to $10.13.
- The sales were executed under a Rule 10b5-1 trading plan adopted on August 9, 2024.
- Following these transactions, Robert I. Kauffman directly owns 67,302 shares and indirectly owns 3,459,085 shares through Aldel LLC.
Sentiment
Score: 3
Explanation: The document indicates insider selling, which could be interpreted negatively, but it is under a pre-arranged trading plan, mitigating some concern.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders may react to the insider selling, although it is under a pre-arranged plan.
Key Dates
| Date | Description |
|---|---|
| 2024-08-09 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-07-14 | Date of first transaction |
| 2025-07-15 | Date of second transaction |
| 2025-07-16 | Date of third transaction |
Keywords
Form 4, SEC Filing, Hagerty, Inc., HGTY, Robert I. Kauffman, Class A Common Stock, Rule 10b5-1 trading plan, Director, Aldel LLC, Stock Sale
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