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

Director Robert Kauffman of Hagerty Inc. executed sales of Class A Common Stock on April 4 and April 8, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Robert Kauffman, a director of Hagerty Inc., sold Class A Common Stock on April 4 and April 8, 2024.
• On April 4, 2024, 422 shares were sold at a weighted average price of $9.01, with individual trades ranging from $9.00 to $9.03.
• On April 8, 2024, 2,998 shares were sold at a weighted average price of $9.04, with individual trades ranging from $9.00 to $9.11.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 11, 2023.
• Following these transactions, Mr. Kauffman directly owns 422 shares and indirectly owns 3,429,332 shares through Aldel LLC.

Sentiment

Score: 5

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

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider and provides transparency to the market regarding the trading activities of key personnel.

Stakeholder Impact

• The stock sales by a director could have a minor negative impact on shareholder sentiment, but the existence of a pre-arranged trading plan mitigates this concern.

Key Dates