Form 4: Hagerty Inc. Director Robert Kauffman Sells Class A Common Stock

Director Robert Kauffman reports sales of Hagerty, Inc. Class A Common Stock executed 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.
• The sales occurred on March 5, 6, and 7, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 9, 2024.
• On March 5, 2025, 9,131 shares were sold at a weighted average price of $9.77.
• On March 6, 2025, 4,413 shares were sold at a weighted average price of $9.81.
• On March 7, 2025, 2,112 shares were sold at a weighted average price of $9.79.
• Following these transactions, Kauffman directly owns 53,474 shares and indirectly owns 4,240,973 shares through Aldel LLC.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales by a company director. The sales were conducted under a pre-arranged trading plan, suggesting they were not based on any specific inside information.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives and directors to sell shares under pre-arranged trading plans to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sales could create slight downward pressure on the stock price in the short term.
• The sales are unlikely to have a significant long-term impact on the company's operations or financial performance.

Key Dates