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  4. [144] Hagerty, Inc. SEC Filing

Hagerty (HGTY) Form 144: Notice to sell 12,219 shares on NYSE

Hagerty, Inc. (HGTY) received a Form 144 notice from a selling securityholder for a proposed sale of 12,219 shares of common stock through Merrill Lynch on the NYSE, with an aggregate market value of $136,730 and an approximate sale date of 10/21/2025.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Hagerty, Inc. (HGTY) received a Form 144 notice from a selling securityholder for a proposed sale of 12,219 shares of common stock through Merrill Lynch on the NYSE, with an aggregate market value of $136,730 and an approximate sale date of 10/21/2025.

The seller is identified as Robert I. Kauffman, Aldel LLC. The filing notes the shares were originally acquired on 12/02/2021 in connection with Hagerty’s business combination, as part of a related PIPE financing. Shares outstanding are listed as 90,942,223; this is a baseline figure, not the amount being sold.

The notice also lists recent open-market activity over the past three months, including examples such as 110,600 shares on 07/24/2025 for $1,156,876 and 62,500 shares on 08/29/2025 for $701,875.

Positive

  • None.

Negative

  • None.

Insights

Form 144 discloses a proposed secondary sale; routine and neutral.

This Form 144 signals an intent by a shareholder to sell 12,219 Hagerty common shares via Merrill Lynch on the NYSE, labeled at an $136,730 aggregate market value with an approximate sale date of 10/21/2025. Form 144 is a notice requirement for resales by affiliates or large holders under Rule 144.

The filing attributes the seller’s original acquisition to a PIPE financing tied to the business combination on 12/02/2021. It also lists multiple sales in the last three months, which provides transparency into ongoing disposition activity; proceeds from any such sales accrue to the selling holder, not the company.

Actual market impact depends on execution size relative to trading liquidity and holder decisions. Subsequent transaction details, if any, would appear in trade confirmations or other disclosures, not in this notice.

FAQ

What does Hagerty (HGTY)’s Form 144 disclose?
A selling securityholder filed notice to sell 12,219 common shares via Merrill Lynch on the NYSE with an aggregate market value of $136,730.

Who is the selling holder in Hagerty (HGTY)’s Form 144?
The notice identifies Robert I. Kauffman, Aldel LLC as the selling securityholder.

When were the shares originally acquired?
The filing states acquisition on 12/02/2021 as part of a PIPE financing connected to Hagerty’s business combination.

What recent sales are listed in the past three months?
Examples include 110,600 shares on 07/24/2025 for $1,156,876 and 62,500 shares on 08/29/2025 for $701,875.

How many Hagerty shares are outstanding in the filing?
Shares outstanding are listed as 90,942,223.

Which exchange and broker are named for the proposed sale?
The sale is designated for the NYSE through Merrill Lynch.

Does Hagerty receive proceeds from this transaction?
This is a shareholder resale; proceeds from any sales would go to the selling holder.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR