HAGERTY INC SEC Filings

A shareholder has filed a notice of proposed sale of 164,870 Class A shares of the issuer’s stock on the NYSE through Fidelity Brokerage Services LLC. The filing lists an aggregate market value for these shares of $2,108,179.20 and states that there were 100,511,893 Class A shares outstanding at the time of the notice. The seller acquired these shares on 11/12/2021 in a merger, paying in cash.

The notice also reports that Quadrifoglio Holdings LLC sold 100,000 Class A shares on 12/15/2025 for $1,279,815.33 in gross proceeds during the prior three months. The signer represents that they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations.

Hagerty, Inc. updated key agreements with longtime partner Markel Group and related entities as part of a previously announced fronting arrangement. The Sixth Amended and Restated Master Relationship Agreement now runs through December 31, 2028, keeps Hagerty’s option for its subsidiary OpCo to purchase Essentia Insurance Company between January 1, 2026 and January 1, 2028, and removes certain mutual exclusivity and other restrictive covenants.

The company also executed a Seventh Amended and Restated Limited Liability Company Agreement for OpCo that removes additional exclusivity restrictions between the parties. A new General Agency Agreement grants Hagerty Insurance Agency broader authority to produce, bind, service, and manage Essentia policies. A new Quota Share Reinsurance Agreement, effective January 1, 2026, provides that Hagerty Reinsurance Limited will assume 100% of the risk on specified Essentia policies going forward.

Hagerty, Inc. director Mr. Kauffman reported an indirect change in his holdings of the company’s Class A common stock through a bona fide gift. On 12/22/2025, 150,000 shares of Class A common stock were transferred as a gift to a donor-advised fund sponsored by RK Family DAF, with no consideration received.

After this transaction, 748,097 shares of Class A common stock are reported as beneficially owned indirectly through Aldel LLC. Mr. Kauffman is the manager of Aldel LLC and has voting and investment discretion over these securities and disclaims beneficial ownership except to the extent of his pecuniary interest in them.

Hagerty, Inc. reported that an officer serving as President, Hagerty Marketplace converted 100,000 units of The Hagerty Group, LLC into 100,000 shares of Class A common stock and then sold those 100,000 shares on December 15, 2025.

The conversion was recorded at a price of $0, while the sale was executed at a weighted average price of $12.80 per share in multiple trades between $12.58 and $12.99 under a Rule 10b5-1 trading plan adopted on September 15, 2025.

Following these transactions, the reporting person beneficially owns 113,593 Class A shares directly, and Quadrifoglio Holdings LLC, which the reporting person controls, continues to hold 1,126,563 released units of The Hagerty Group, LLC.

A holder of the issuer's Class A common stock has filed a Rule 144 notice for a planned secondary sale. The notice covers 100,000 Class A shares with an aggregate market value of $1,279,815.33, compared with 100,511,893 shares outstanding, and lists an approximate sale date of 12/15/2025 on the NYSE through Fidelity Brokerage Services LLC.

The securities were originally acquired from the issuer in a merger on 11/12/2021 for cash, and the filer represents they do not know any material adverse information about the issuer's current or prospective operations that has not been publicly disclosed.

T. Rowe Price Investment Management, Inc. filed a Schedule 13G for Hagerty Inc. (HGTY), reporting beneficial ownership of 5,225,442 shares of common stock, representing 5.7% of the class.

The filer has sole voting and sole dispositive power over these shares. The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The date of the event requiring the filing is 09/30/2025.

Hagerty, Inc. (HGTY): Schedule 13D/A Amendment No. 6 discloses that State Farm Mutual Automobile Insurance Company beneficially owns 56,040,881 shares of Class A common stock. This total includes 4,240,881 Class A shares State Farm has the right to acquire within 60 days upon conversion of 5,302,226 shares of Series A Preferred Stock at the current conversion rate.

The filing states this represents approximately 53.5% of the Class A shares on an as-if-converted basis, calculated using 100,511,893 Class A shares outstanding as of October 24, 2025, plus the 4,240,881 shares issuable to State Farm. Despite this Class A percentage, State Farm reports control of approximately 2.2% of the issuer’s overall voting power when considering both Class A and Class V voting rights. State Farm reports sole voting and dispositive power over 56,040,881 shares and no transactions in the past sixty days.

Hagerty, Inc. (HGTY): Markel Group Inc. filed Amendment No. 4 to Schedule 13D, updating its beneficial ownership. Markel reports beneficial ownership of 79,380,265 shares of Class A Common Stock (on an as-converted basis), representing 44.9% of the Class A shares outstanding under Rule 13d-3(d)(1)(i). The filing states the update reflects changes solely from an increase in Class A shares outstanding and a decrease in Class V shares outstanding due to another holder’s conversion.

The position includes 75,000,000 shares of Class V Common Stock and an equal number of OpCo Units (exchangeable 1-for-1 into Class A or, if conditions are met, cash at the Company’s option), 1,590,668 shares of Series A Preferred Stock (exchangeable into 1,272,265 Class A shares), and 3,108,000 Class A shares. Based on both classes and their voting rights, Markel controls approximately 29.9% of the Company’s voting power.

The percentage calculation uses 100,511,893 Class A shares outstanding as of October 24, 2025. The date of the event requiring the filing is November 4, 2025.

Hagerty, Inc. (HGTY) reported stronger Q3 results. Total revenue reached $379.994 million, up from $323.374 million a year ago, driven by higher earned premium ($187.039 million), commission and fee revenue ($137.103 million), and membership, marketplace and other revenue ($55.852 million). Operating income improved to $34.317 million from $10.089 million.

Net income rose to $46.171 million from $19.007 million, aided by an income tax benefit of $32.834 million. Net income attributable to Class A common stockholders was $18.945 million, with basic EPS of $0.18 and diluted EPS of $0.11. Cash and restricted cash ended the period at $332.647 million. For additional context, shares outstanding were 100,511,893 Class A and 241,552,156 Class V as of October 24, 2025; this is a baseline figure, not the amount being offered.