Form 4: Hagerty Inc. Insider Sells Shares for Taxes

Hagerty, Inc. reports a transaction where President of Insurance Jeffrey Edward Briglia sold 4,892 shares of Class A Common Stock to cover taxes upon the vesting of restricted stock units.

Summary

• Jeffrey Edward Briglia, President of Insurance at Hagerty, Inc., disposed of 4,892 shares of Class A Common Stock on July 1, 2026.
• The transaction was a sale of shares to cover tax obligations related to the vesting of restricted stock units (RSUs).
• The sale price was $12.06 per share.
• Following this transaction, Briglia beneficially owns 157,135 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale of shares is explicitly for tax withholding purposes upon RSU vesting, a routine and expected transaction for insiders.

Negatives

• Insider selling can sometimes be perceived negatively by the market, although this sale was for tax withholding purposes.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, such as this tax-related sale of shares by a corporate officer. These events are common as employees and executives receive equity compensation.

Stakeholder Impact

• Shareholders: The sale is for tax purposes and does not necessarily indicate a negative view of the company's prospects by the insider. The insider retains a significant number of shares.
• Employees: This transaction highlights the equity compensation structure for key executives.
• Management: Demonstrates adherence to SEC disclosure requirements for insider transactions.

Key Dates

Keywords

Hagerty Inc., HGTY, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, Tax Withholding, Class A Common Stock, Beneficial Ownership