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

Director Robert Kauffman sold shares of Hagerty, Inc. Class A Common Stock over three days in June 2024, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Robert Kauffman, a director of Hagerty, Inc., sold Class A Common Stock on June 3rd, 4th, and 5th, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 11, 2023.
• On June 3rd, 9,630 shares were sold at a weighted average price of $9.71.
• On June 4th, 9,872 shares were sold at a weighted average price of $9.82.
• On June 5th, 7,278 shares were sold at a weighted average price of $9.93.
• Following these transactions, Mr. Kauffman indirectly owns 3,336,880 shares through Aldel LLC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing regarding stock sales by a director. It doesn't inherently convey positive or negative sentiment, as it's simply a factual disclosure.

Industry Context

This filing is a routine disclosure of stock sales by a company insider and is a common occurrence for publicly traded companies. It provides transparency into the trading activities of key personnel.

Stakeholder Impact

• The stock sales by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan suggests the sales were pre-planned and not based on current company performance.

Key Dates