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 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 February 11, 2025, February 12, 2025, and February 13, 2025.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 9, 2024.
• On February 11, 2025, 2,239 shares were sold at a weighted average price of $10.1, with prices ranging from $9.87 to $10.19.
• On February 12, 2025, 3,541 shares were sold at a weighted average price of $10.09, with prices ranging from $9.99 to $10.20.
• On February 13, 2025, 3,518 shares were sold at a weighted average price of $10.22, with prices ranging from $9.99 to $10.41.
• Following these transactions, Robert Kauffman directly owns 53,474 shares and indirectly owns 4,299,663 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: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions without expressing any opinion on the company's performance or future prospects.

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 by a director could potentially create short-term downward pressure on the stock price, but the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates