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 May 2025, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Robert Kauffman, a director of Hagerty, Inc., sold shares of Class A Common Stock on May 7, 8, and 9, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 9, 2024.
• On May 7, 2025, 33,765 shares were sold at a weighted average price of $9.67.
• On May 8, 2025, 4,710 shares were sold at a weighted average price of $9.76.
• On May 9, 2025, 4,183 shares were sold at a weighted average price of $9.71.
• Following these transactions, Kauffman directly owns 67,302 shares and indirectly owns 4,037,252 shares through Aldel LLC.
• Kauffman is the manager of Aldel LLC and has voting and investment discretion over the securities held by Aldel LLC, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by a company director. It doesn't inherently convey positive or negative sentiment, as the sales were pre-planned.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan suggests the sales were planned well in advance.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder confidence, but the pre-planned nature of the sales mitigates this concern.

Key Dates

Keywords

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