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

Director Robert Kauffman reports multiple sales of Hagerty, Inc. Class A Common Stock through Aldel LLC, pursuant to 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 were executed on February 14, 18, and 19, 2025.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on August 9, 2024.
• The shares were sold indirectly through Aldel LLC, where Kauffman serves as the manager.
• On February 14, 2025, 3,653 shares were sold at a weighted average price of $10.11.
• On February 18, 2025, 4,277 shares were sold at a weighted average price of $10.10.
• On February 19, 2025, 2,614 shares were sold at a weighted average price of $10.05.
• Following these transactions, Aldel LLC beneficially owns 4,289,119 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports stock sales by a director, which is a common occurrence and doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock sales by a company insider and doesn't necessarily indicate a change in the company's prospects. It is common for executives and directors to sell shares for personal financial planning reasons.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment in the short term, but the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates