STOCK TITAN
  1. Home
  2. Sec-filings
  3. HGTY
  4. [144] Hagerty, Inc. SEC Filing

Hagerty (HGTY) Form 144: 41,669 Shares Proposed Sale ($471K)

Hagerty, Inc. (HGTY) Rule 144 notice reports a proposed sale of 41,669 common shares through Merrill Lynch on the NYSE with an aggregate market value of $471,276.00, based on the filing.

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

Rhea-AI Filing Summary

Hagerty, Inc. (HGTY) Rule 144 notice reports a proposed sale of 41,669 common shares through Merrill Lynch on the NYSE with an aggregate market value of $471,276.00, based on the filing. The filing identifies Aldel LLC (associated with Robert I. Kauffman) as the holder of the securities and shows those shares were originally acquired on 12/02/2021 as part of a PIPE financing tied to Hagerty's business combination. The filing states total shares outstanding of 90,942,223 and an approximate sale date of 09/03/2025. The notice also lists multiple prior dispositions by Robert I. Kauffman/Aldel LLC between 06/02/2025 and 09/02/2025, including large lots such as 110,600 shares sold on 07/24/2025.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine Rule 144 filing discloses a planned secondary sale by an affiliated holder with extensive recent dispositions.

The filing documents a proposed sale of 41,669 Hagerty common shares by Aldel LLC via Merrill Lynch and provides acquisition details showing the shares originated from a PIPE on 12/02/2021. The notice lists a series of prior sales by Robert I. Kauffman/Aldel LLC across June–September 2025, including sizable single-day transactions such as 110,600 shares on 07/24/2025. This is a compliance disclosure under Rule 144 rather than an operational update; the material facts presented are transactional: possession, acquisition date, planned broker, proposed sale date, and historical disposals.

TL;DR: The form provides transparent insider/affiliate selling disclosure but contains no new company operational or financial information.

The document fulfills Rule 144 disclosure requirements by identifying the seller (Aldel LLC/Robert I. Kauffman), the source of the shares (PIPE financing tied to Hagerty's business combination on 12/02/2021), and detailed recent sales activity. It includes broker details and the planned sale date of 09/03/2025. There is no governance action, executive change, or regulatory sanction disclosed. The filing is procedural and relevant primarily to shareholders monitoring insider or affiliated-party liquidity events.

FAQ

What does the Form 144 filed for Hagerty, Inc. (HGTY) disclose?
The form discloses a proposed sale of 41,669 common shares by Aldel LLC through Merrill Lynch on the NYSE, with aggregate market value $471,276.00 and approximate sale date 09/03/2025.

When and how were the shares being sold acquired according to the filing?
The filing states the shares were acquired on 12/02/2021 as part of a PIPE financing tied to Hagerty's business combination; the consideration is listed as stock.

Who is listed as the seller in the Form 144 for HGTY?
The seller is identified as Robert I. Kauffman, Aldel LLC with address details provided in the filing.

Does the filing show prior sales by the same seller?
Yes; the filing lists multiple past sales by Robert I. Kauffman/Aldel LLC between 06/02/2025 and 09/02/2025, including a 110,600-share sale on 07/24/2025.

What exchange and broker are listed for the proposed sale?
The proposed sale is to be executed on the NYSE through Merrill Lynch (200 Park Ave, 13th Fl, New York, NY).

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

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