Form 4: Hagerty Inc. Insider Trades: Chief Accounting Officer Transactions

Kevin M. Delaney, Chief Accounting Officer of Hagerty, Inc., reported transactions involving Class A Common Stock, including purchases under a Rule 10b5-1 plan and shares withheld for taxes.

Summary

• Kevin M. Delaney, Chief Accounting Officer at Hagerty, Inc., engaged in several transactions involving Class A Common Stock.
• On June 30, 2026, 905 shares were purchased at a weighted average price of $12.01 under a Rule 10b5-1 trading plan.
• On July 1, 2026, an additional 9,440 shares were purchased at a weighted average price of $12.10, also under the Rule 10b5-1 plan.
• On July 1, 2026, 2,525 shares were withheld for taxes upon the vesting of restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions under a pre-established plan and standard tax withholding, rather than significant strategic shifts or performance indicators.

Positives

• The reporting person, Kevin M. Delaney, made open market purchases of Hagerty, Inc. Class A Common Stock, indicating personal investment and confidence in the company.
• Transactions were executed under a Rule 10b5-1 trading plan, suggesting a pre-determined and structured approach to trading, which can mitigate insider trading concerns.

Negatives

• A portion of the Class A Common Stock was withheld for taxes upon vesting of RSUs, which represents a disposition of shares.
• The weighted average purchase prices for the shares acquired were between $12.00 and $12.23, indicating the cost of acquisition.

Risks

• The Rule 10b5-1 trading plan is subject to market conditions and the company's performance, which could impact the value of the acquired shares.
• Withholding of shares for taxes upon RSU vesting is a common practice but represents a reduction in the total number of shares held by the executive.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which primarily reports past transactions.

Management Comments

• The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 5, 2026.
• This transaction was executed in multiple trades at prices ranging from $12.00 to $12.03. The price reported above reflects the weighted average purchase price.
• This transaction was executed in multiple trades at prices ranging from $12.00 to $12.23. The price reported above reflects the weighted average purchase price.
• Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units ("RSUs") pursuant to the RSU Agreement between the Issuer and the Reporting Person dated as of July 1, 2023.

Industry Context

StockSavvy.ai notes that insider transactions, particularly purchases under Rule 10b5-1 plans, are common in the financial services and insurance technology sectors as executives manage their compensation and personal investments.

Stakeholder Impact

• Shareholders: The purchases by an executive may be interpreted as a positive signal of confidence, while the tax withholding is a standard event.
• Employees: The RSU vesting and tax withholding are part of the executive compensation structure.
• Creditors: No direct impact is indicated.

Next Steps

• Continued adherence to the Rule 10b5-1 trading plan for future transactions.
• Vesting and potential disposition of remaining RSUs as per the RSU agreement.

Key Dates

Keywords

Hagerty Inc., HGTY, Form 4, Insider Trading, Class A Common Stock, Rule 10b5-1, Restricted Stock Units, RSUs, Securities Transaction, Executive Compensation, Chief Accounting Officer