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

Director Robert Kauffman reported the sale of Hagerty, Inc. Class A Common Stock over three days, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Robert Kauffman, a director of Hagerty, Inc., reported the sale of Class A Common Stock on March 25, 26, and 27, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 9, 2024.
• On March 25, 2025, 7,985 shares were sold at a weighted average price of $9.37.
• On March 26, 2025, 9,770 shares were sold at a weighted average price of $9.24.
• On March 27, 2025, 8,736 shares were sold at a weighted average price of $9.18.
• Following these transactions, Kauffman directly owns 53,474 shares and indirectly owns 4,121,185 shares through Aldel LLC.
• Kauffman is the manager of Aldel LLC and has voting and investment discretion over the shares held by Aldel LLC, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company insiders are a common occurrence and are often viewed in the context of pre-arranged trading plans to avoid accusations of trading on material non-public information. The market typically assesses the size and frequency of such sales to gauge potential impact.

Key Dates

Keywords

Form 4, Hagerty, Inc., Robert Kauffman, Stock Sale, 10b5-1 Plan, Director, Aldel LLC, HGTY