[144/A] Hagerty, Inc. SEC Filing
Hagerty, Inc. (HGTY) filed a Form 144/A reporting a proposed sale of 18,372 shares of common stock through Merrill Lynch (New York) with an aggregate market value of $221,566, with an approximate sale date of 10/01/2025. The filing shows 90,942,223 shares outstanding. The securities being offered were originally acquired on 12/02/2021 by Aldel LLC as part of a PIPE financing announced in an 8-K, with 3,500,000 shares recorded as acquired and payment characterized as stock. The filing also lists extensive dispositions by Robert I. Kauffman/Aldel LLC during the prior three months, with numerous sales between 06/16/2025 and 09/30/2025 totaling many tens of thousands of shares and gross proceeds shown per sale. The notice includes the standard seller representation that no undisclosed material adverse information is known.
- Transparent disclosure of the proposed sale amount (18,372 shares) and aggregate market value ($221,566)
- Clear provenance of the securities showing acquisition in the 12/02/2021 PIPE financing
- Detailed prior sales table improving visibility into recent insider/affiliate dispositions
- Significant recent selling activity by Robert I. Kauffman/Aldel LLC over the past three months, which may reduce insider ownership
- Large original holding from the PIPE (3,500,000 shares) indicates a prior concentrated position being unwound over time
Insights
TL;DR: Routine Rule 144 notice showing a small planned sale and significant prior disposals by an insider/affiliate.
The filing documents a proposed block sale of 18,372 common shares valued at $221,566 and confirms the shares were originally acquired in a PIPE on 12/02/2021. The three-month history shows frequent, sizable dispositions by Robert I. Kauffman/Aldel LLC across multiple dates, which indicates active liquidity harvesting rather than a single isolated trade. For investors, this filing is a disclosure of insider selling activity and origin of the shares; it does not provide new operating results or financial metrics for Hagerty itself.
TL;DR: Compliance-focused disclosure: the filer documents acquisition origin and repeated sales consistent with Rule 144 processes.
The notice properly identifies acquisition details (PIPE purchase, payment in stock) and the broker handling the proposed sale. The detailed table of past sales enhances transparency about the insider/affiliate’s recent disposition pattern. There are no statements in the filing of undisclosed adverse information; this is a governance disclosure of transfer activity rather than a material corporate event.
FAQ
What does the Form 144/A for HGTY disclose?
Who is selling the shares reported in the HGTY Form 144/A?
How were the shares originally acquired that are being sold?
Which broker is handling the proposed sale in the Form 144/A?
Does the filing indicate any undisclosed material adverse information?
