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  4. [144] Hagerty, Inc. SEC Filing

Hagerty (HGTY) Form 144: Proposed Sale of 6,081 Shares ($66,404)

Form 144 filed for Hagerty, Inc. (HGTY) reporting a proposed sale of 6,081 common shares through Merrill Lynch (New York) with an aggregate market value of $66,404.00, with an approximate sale date of 08/22/2025 on the NYSE.

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

Rhea-AI Filing Summary

Form 144 filed for Hagerty, Inc. (HGTY) reporting a proposed sale of 6,081 common shares through Merrill Lynch (New York) with an aggregate market value of $66,404.00, with an approximate sale date of 08/22/2025 on the NYSE. The filing identifies Aldel LLC (related to Robert I. Kauffman) as the holder and notes the shares were acquired on 12/02/2021 as part of a PIPE financing tied to Hagerty’s business combination. The filer also discloses extensive prior sales by Robert I. Kauffman/Aldel LLC across numerous dates from 04/24/2025 through 08/21/2025, including several large lots such as 110,600 shares sold on 07/24/2025 for $1,156,876.00. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

  • Filing complies with Rule 144 by disclosing proposed sale, acquisition details, and recent sales history
  • Acquisition source disclosed (PIPE financing on 12/02/2021), improving transparency about provenance of shares

Negative

  • Significant recent disposals by Aldel LLC/Robert I. Kauffman across Apr–Aug 2025, including very large lots (e.g., 110,600 shares on 07/24/2025)
  • Potential liquidity pressure implied by frequent and sizable sales by an insider-affiliated entity (documented but not explained)

Insights

TL;DR: Insider-related entity continues selling sizable HGTY positions; this is a standard Rule 144 liquidity disclosure.

The filing documents a proposed small sale of 6,081 shares and extensive prior sales by Aldel LLC and Robert I. Kauffman across April–August 2025, including multiple large lots. The shares were originally acquired in a PIPE on 12/02/2021. For investors, the filing primarily provides transparency on secondary sales by an insider-affiliated entity rather than operational updates from the issuer. The pattern of frequent sales is notable but the filing itself does not state motivations or company fundamentals.

TL;DR: This is a routine disclosure under Rule 144 documenting proposed and recent sales by an insider-affiliated holder.

The document fulfills disclosure obligations by listing the proposed sale, acquisition history, and a comprehensive log of recent disposals by the same account. It confirms the seller's representation about absence of undisclosed material adverse information. There are no governance actions, executive changes, or corrective disclosures included in the filing; it solely records transfer activity for compliance and market transparency.

FAQ

What does the Form 144 for Hagerty, Inc. (HGTY) disclose?
The filing discloses a proposed sale of 6,081 common shares valued at $66,404.00 with an approximate sale date of 08/22/2025, and extensive prior sales by Aldel LLC/Robert I. Kauffman from 04/24/2025 through 08/21/2025.

Who is selling the Hagerty (HGTY) shares reported in the Form 144?
The seller is identified as Aldel LLC associated with Robert I. Kauffman and the broker is Merrill Lynch, 200 Park Ave, New York.

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

How large were some recent sales by the filer prior to this notice?
The filing lists many transactions; notable examples include 110,600 shares sold on 07/24/2025 for $1,156,876.00 and 98,766 shares sold on 07/09/2025 for $994,573.00.

Does the Form 144 state any undisclosed material information about Hagerty?
No. The filer signs a representation that they do not know of any material adverse information about the issuer that has not been publicly disclosed.

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