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

Robert Kauffman, a director at Hagerty Inc., executed multiple sales of Class A Common Stock between September 23 and September 25, 2024, 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 September 23, 24, and 25, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 11, 2023.
• On September 23, 2024, 2,481 shares were sold at a weighted average price of $10.75.
• On September 24, 2024, 3,251 shares were sold at a weighted average price of $10.62.
• On September 25, 2024, 2,186 shares were sold at a weighted average price of $10.60.
• Following these transactions, Robert Kauffman directly owns 53,474 shares and indirectly owns 5,148,917 shares through Aldel LLC.
• Kauffman disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine stock sales under a pre-arranged trading plan, with no explicit positive or negative implications for the company's performance.

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. Investors often monitor such filings for insights into management's sentiment, but sales under a pre-arranged trading plan are less informative.

Stakeholder Impact

• The stock sales by a director could have a minor impact on shareholder sentiment, but the effect is likely to be minimal given the pre-arranged nature of the transactions.

Key Dates