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  4. [144] Hagerty, Inc. SEC Filing

[144] Hagerty, Inc. SEC Filing

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

Rhea-AI Filing Summary

Hagerty, Inc. (HGTY) – Form 144 filing

Robert I. Kauffman, acting through Aldel LLC, filed a Form 144 to sell up to 4,000 common shares (approx. $43,147) on or about 28 Jul 2025 via Merrill Lynch on the NYSE. The shares were originally acquired on 2 Dec 2021 in the PIPE financing that accompanied Hagerty’s de-SPAC business combination.

The notice also details 57 prior open-market sales from 24 Apr to 25 Jul 2025 totaling roughly 912,500 shares for cumulative proceeds of about $9–10 million, including a single block of 110,600 shares on 24 Jul 2025. Hagerty lists 90.7 million shares outstanding, so the disclosed sales represent just under 1 % of the public float.

While the additional 4 k-share sale is immaterial in isolation, the sustained pace and size of recent insider disposals could weigh on investor sentiment and near-term trading dynamics.

Positive

  • None.

Negative

  • Heavy insider selling: approximately 912,500 shares already sold in the past three months, with further sales planned.
  • Potential sentiment drag: sustained disposals by a well-connected insider may signal limited confidence in near-term valuation.

Insights

TL;DR: Insider has sold ~912k shares and plans 4k more; negative sentiment signal.

The filing shows Robert I. Kauffman has systematically trimmed his Hagerty position over three months, realising roughly $9-10 m. Although 4,000 additional shares are negligible versus the 90.7 m shares outstanding, the aggregate disposals equate to nearly 1 % of the float, signalling potential insider confidence erosion. Persistent insider selling can pressure share price and raise questions about internal valuation views, despite the routine nature of Form 144 submissions.

TL;DR: Heavy, continuous insider sales may concern governance-minded investors.

Form 144 ensures transparency, but frequent, sizeable sales by a key insider can create optics issues around alignment with minority shareholders. Investors will scrutinise Hagerty’s upcoming disclosures and any lock-up expirations. Unless accompanied by clear strategic rationale or diversification needs, this selling cadence is likely to be viewed unfavourably from a governance and signalling standpoint.

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

FAQ

How many Hagerty (HGTY) shares does the insider plan to sell?

The Form 144 covers up to 4,000 common shares with an estimated value of $43,147.

When is the proposed sale date for the Form 144 shares?

The filing lists an approximate sale date of 28 July 2025.

How many Hagerty shares has Robert I. Kauffman sold recently?

The notice discloses about 912,500 shares sold between 24 April and 25 July 2025.

What is Hagerty’s total shares outstanding?

The Form 144 states 90,715,648 shares outstanding.

Why do investors watch Form 144 filings?

Form 144 alerts the market to potential insider sales, offering early insight into insider sentiment and possible supply pressure.
Stock HGTY logo
HAGERTY INC

NYSE:HGTY

HGTY Rankings

#2451 Ranked by Market Cap
N/A Ranked by Dividends

HGTY Latest News

Nov 20, 2025
BROAD ARROW ANNOUNCES, “GLOBAL ICONS,” AN ONLINE COLLECTOR CAR AND MEMORABILIA SALE SCHEDULED FOR JANUARY 2026
Nov 4, 2025
Hagerty Reports Third Quarter 2025 Results; Increases 2025 Outlook
Nov 4, 2025
BROAD ARROW’S INAUGURAL ZÜRICH AUCTION ACHIEVES OVER CHF 22M WITH 87 PERCENT SELL-THROUGH RATE
Nov 3, 2025
Hagerty Announces New Partnership with Liberty Mutual
Nov 3, 2025
RECORD-SETTING $2.2 MILLION BUGATTI VEYRON LEADS BROAD ARROW’S INAUGURAL LAS VEGAS AUCTION

HGTY Latest SEC Filings

Nov 14, 2025
[SCHEDULE 13G] Hagerty, Inc. SEC Filing
Nov 6, 2025
[SCHEDULE 13D/A] Hagerty, Inc. SEC Filing
Nov 5, 2025
[SCHEDULE 13D/A] Hagerty, Inc. SEC Filing
Nov 4, 2025
[10-Q] Hagerty, Inc. Quarterly Earnings Report
Nov 4, 2025
[8-K] Hagerty, Inc. Reports Material Event

HGTY Stock Data

1.34B
93.94M
7.02%
84.18%
0.53%
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