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  4. [144] Hagerty, Inc. SEC Filing

Hagerty (HGTY) Form 144: Proposed Sale of 22,295 Shares ($248K)

Hagerty, Inc. (HGTY) Form 144 discloses a proposed sale of 22,295 common shares through Merrill Lynch on the NYSE with an aggregate market value of $248,480.

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

Rhea-AI Filing Summary

Hagerty, Inc. (HGTY) Form 144 discloses a proposed sale of 22,295 common shares through Merrill Lynch on the NYSE with an aggregate market value of $248,480. The filer indicates acquisition of 3,500,000 shares on 12/02/2021 as part of a PIPE related to the business combination with Hagerty. The filing lists extensive prior open-market sales by Robert I. Kauffman/Aldel LLC between 06/02/2025 and 08/29/2025, including several large blocks (for example, 110,600 shares on 07/24/2025 and 98,766 shares on 07/09/2025), with individual gross proceeds shown for each sale. The notice includes the standard signature representation about absence of undisclosed material adverse information.

Positive

  • Transparent disclosure of proposed sale details including broker, exchange, share count, and market value
  • Origin of holdings disclosed: acquisition of 3,500,000 shares on 12/02/2021 as part of the PIPE financing
  • Comprehensive historical sales listing providing dates and gross proceeds for prior open-market dispositions

Negative

  • Significant prior selling activity by Robert I. Kauffman/Aldel LLC across June–August 2025, including large blocks (e.g., 110,600 and 98,766 shares)
  • Potential dilution/liquidity pressure from continued disposition of shares, as evidenced by repeated sales over the reported period

Insights

TL;DR: Routine Form 144 disclosure of insider-related sales; transaction sizes appear small relative to total shares outstanding.

The filing documents a proposed sale of 22,295 shares valued at $248,480 and details prior systematic sales by Robert I. Kauffman/Aldel LLC across June–August 2025. The filer acquired 3.5 million shares in a December 2021 PIPE. Given total shares outstanding of 90,942,223, the proposed block is a very small fraction of outstanding stock (~0.025%). The list of prior sales shows ongoing liquidity events but the filing itself contains no new operational or financial disclosures about the company.

TL;DR: Transparent compliance filing documenting planned sales and prior dispositions; no governance red flags disclosed here.

The Form 144 serves to notify the market of proposed Rule 144 sales and records past transactions by a related party. It confirms acquisition origin (PIPE) and lists broker and exchange details. There is no indication of undisclosed material information and the attestation language is included. This is a routine compliance disclosure rather than a material corporate governance event.

FAQ

What does Hagerty (HGTY) Form 144 disclose about the proposed sale?
The filing discloses a proposed sale of 22,295 common shares via Merrill Lynch on the NYSE with an aggregate market value of $248,480.

Who is the filer and how were the shares acquired?
The filer is Robert I. Kauffman/Aldel LLC; the shares were acquired as part of a PIPE on 12/02/2021 totaling 3,500,000 shares.

How much of Hagerty's outstanding stock does the proposed sale represent?
The proposed 22,295 shares represent approximately 0.025% of the stated 90,942,223 shares outstanding.

Does the filing show prior sales by the filer?
Yes. The filing lists numerous prior sales between 06/02/2025 and 08/29/2025, with individual transactions and gross proceeds (examples: 110,600 shares on 07/24/2025, gross proceeds $1,156,876.00).

Is there any new company operational or earnings information in this Form 144?
No. The document only reports securities sales, acquisition origin, broker details, and the standard attestation; it contains no operational or earnings disclosures.

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