Form 4: Hagerty Inc. Director Robert Kauffman Executes Stock Sales Under 10b5-1 Plan

Director Robert Kauffman of Hagerty, Inc. reports multiple sales of Class A Common Stock executed under a pre-arranged 10b5-1 trading plan.

Summary

• Robert Kauffman, a director at Hagerty, Inc., reported the sale of Class A Common Stock.
• The sales were executed on February 28, 2025, March 3, 2025, and March 4, 2025.
• These transactions were conducted under a Rule 10b5-1 trading plan adopted on August 9, 2024.
• On February 28, 2025, 4,535 shares were sold at a weighted average price of $10.12.
• On March 3, 2025, 5,791 shares were sold at a weighted average price of $10.11.
• On March 4, 2025, 6,977 shares were sold at a weighted average price of $9.81.
• Following these transactions, Robert Kauffman directly owns 53,474 shares.
• He also indirectly owns 4,256,629 shares through Aldel LLC, where he serves as manager and has voting and investment discretion.
• Kauffman disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a company 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.

Stakeholder Impact

• The stock sales by a director could have a minor impact on shareholder sentiment.

Key Dates