[144] Hagerty, Inc. SEC Filing

Q: What does Hagerty (HGTY) Form 144 filed on 10/07/2025 disclose?

The Form 144 notifies a proposed sale of 6,861 common shares with aggregate market value 81646 to be sold on 10/07/2025 on the NYSE through Merrill Lynch .

Q: Who is selling the shares in the HGTY Form 144?

The filer is Aldel LLC (associated with Robert I. Kauffman ); the filing lists prior sales by that entity and individual.

Q: How many Hagerty shares are outstanding per the filing?

The filing reports 90,942,223 shares outstanding.

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

144

Rhea-AI Filing Summary

Hagerty, Inc. (HGTY) filed a Form 144 notifying the proposed sale of 6,861 common shares with an aggregate market value of 81646, to be sold through Merrill Lynch on 10/07/2025 on the NYSE. The filing shows those shares were acquired on 12/02/2021 by Aldel LLC in connection with the PIPE financing tied to the business combination with Hagerty. The issuer has 90,942,223 shares outstanding, per the filing.

The notice also lists multiple recent sales by Robert I. Kauffman, Aldel LLC across dates from 06/17/2025 through 10/06/2025, including several large blocks (for example, 110,600 shares sold on 07/24/2025 for 1156876). The filer certifies no undisclosed material adverse information and notes the securities were originally paid with stock on 12/02/2021.

Positive

Planned sale size is small at 6,861 shares versus 90,942,223 shares outstanding
Acquisition details disclosed: shares were acquired on 12/02/2021 as part of the PIPE financing

Negative

Frequent recent sales by the filer across multiple dates including large blocks (e.g., 110,600 shares on 07/24/2025)
Ongoing disposition could add to public float and potential selling pressure if it continues

Insights

Planned sale is a small block relative to total outstanding shares.

The filing shows a proposed sale of 6,861 common shares with an aggregate market value of 81646 on 10/07/2025

Because the issuer reports 90,942,223 shares outstanding, this single proposed sale represents a very small fraction of the outstanding base. Monitor continuing Form 144 notices or reported open-market transactions for cumulative dilution or supply pressure over the next several weeks.

Seller has executed frequent recent sales, including multi‑day blocks and large single trades.

The schedule documents numerous sales by Robert I. Kauffman, Aldel LLC between 06/17/2025 and 10/06/2025, including a 110,600 share sale on 07/24/2025 for 1156876. These entries indicate active disposition of holdings over months.

Investors may watch aggregate volumes and any further filings in the next 30–90 days to assess whether selling pressure continues or tapers.

10/07/2025 - 04:25 PM

144: Filer Information

Filer CIK

Filer CCC

Is this a LIVE or TEST Filing?

LIVE TEST

Submission Contact Information

Name

Phone

E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold

Name and Address of the Broker

Number of Shares or Other Units To Be Sold

Aggregate Market Value

Number of Shares or Other Units Outstanding

Approximate Date of Sale

Name the Securities Exchange

Common

Merrill Lynch
225 Liberty St, 39th Floor
New York NY 10281

6861

81646

90942223

10/07/2025

NYSE

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

Title of the Class

Date you Acquired

Nature of Acquisition Transaction

Name of Person from Whom Acquired

Is this a Gift?

Date Donor Acquired

Amount of Securities Acquired

Date of Payment

Nature of Payment *

Common

12/02/2021

Per the 8-K filed in December 2021 announcing the business combination with Hagerty, Aldel LLC acquired the stock as a part of the connected PIPE financing

Hagerty Inc.

3500000

12/02/2021

Stock

* 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

Name and Address of Seller

Title of Securities Sold

Date of Sale

Amount of Securities Sold

Gross Proceeds