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 28, 2025, March 31, 2025, and April 1, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 9, 2024.
• The prices ranged from $9.00 to $9.33 on March 28, 2025, $9.00 to $9.15 on March 31, 2025 and $9.00 to $9.12 on April 1, 2025.
• Kauffman sold 9,300 shares on March 28, 2025 at a weighted average price of $9.05.
• He sold 9,170 shares on March 31, 2025 at a weighted average price of $9.06.
• He sold 8,354 shares on April 1, 2025 at a weighted average price of $9.06.
• Following the transactions, Kauffman directly owns 53,474 shares and indirectly owns 4,094,361 shares through Aldel LLC.
• Kauffman disclaims beneficial ownership of the shares held by Aldel LLC except to the extent of his pecuniary interest.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the insider selling shares, although it's under a pre-arranged plan. The size of the sales is relatively small compared to the total holdings.

Negatives

• A director is selling shares, which could be interpreted negatively by the market.

Risks

• Continued sales by insiders could put downward pressure on the stock price.

Industry Context

Insider sales are a common occurrence and are often viewed in the context of the individual's overall holdings and the company's performance. It's important to consider whether other insiders are also selling shares.

Stakeholder Impact

• Shareholders may react to the news of insider selling, potentially impacting the stock price.

Key Dates

Keywords

Hagerty, Insider Trading, Robert Kauffman, Class A Common Stock, Form 4, Aldel LLC, Rule 10b5-1