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

Robert Kauffman, a director at Hagerty, Inc., sold shares of Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Robert Kauffman, a director of Hagerty, Inc., reported the sale of Class A Common Stock on May 2, 2025, and May 5, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 9, 2024.
• On May 2, 2025, 1,453 shares were sold at a weighted average price of $9.04, with prices ranging from $9.02 to $9.08.
• On May 5, 2025, 2,455 shares were sold at a weighted average price of $9.02, with prices ranging from $9.00 to $9.10.
• Following these transactions, Kauffman directly owns 67,302 shares and indirectly owns 4,079,910 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 sentiment is neutral as the filing simply reports stock sales under a pre-existing trading plan. There is no indication of positive or negative implications for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 trading plan suggests that these sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sales by a director could be perceived neutrally or slightly negatively by shareholders, depending on their interpretation of the director's actions.

Key Dates

Keywords

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