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

Director Robert Kauffman reports selling Class A Common Stock of Hagerty, Inc. over three days in March 2025 under a pre-arranged trading plan.

Summary

• Robert Kauffman, a director of Hagerty, Inc., sold shares of Class A Common Stock over three days.
• The sales occurred on March 18, 19, and 20, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 9, 2024.
• On March 18, 2025, 14,918 shares were sold at a weighted average price of $9.14.
• On March 19, 2025, 5,872 shares were sold at a weighted average price of $9.20.
• On March 20, 2025, 3,642 shares were sold at a weighted average price of $9.17.
• Following these transactions, Kauffman directly owns 53,474 shares.
• Kauffman indirectly owns 4,168,564 shares through Aldel LLC, where he is the manager and has voting and investment discretion.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting the sale of shares by a company director. It is neutral in tone and does not inherently indicate positive or negative sentiment.

Industry Context

Sales by company insiders are a common occurrence and are often related to personal financial planning. The disclosure provides transparency into the transactions of company leadership.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates

Keywords

Hagerty, Robert Kauffman, Class A Common Stock, Form 4, SEC, Sale of Shares, Rule 10b5-1, Aldel LLC, Director