[144] Hagerty, Inc. SEC Filing

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.

Insights

Securities Analyst

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.

Corporate Governance Expert

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.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

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 200 Park Ave, 13th Fl New York NY 10166	41669	471276.00	90942223	09/03/2025	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
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/02/2025	3726	36701.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/03/2025	7681	76196.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/04/2025	9726	97357.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/05/2025	15823	159496.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/06/2025	12326	124000.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/09/2025	6427	62985.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/10/2025	3927	37699.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/11/2025	8764	84222.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/12/2025	4277	40674.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/13/2025	8127	76691.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/16/2025	4010	38255.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/17/2025	4610	44025.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/18/2025	10380	100270.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/20/2025	7747	76075.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/23/2025	11710	117334.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/24/2025	31110	315455.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/25/2025	12610	126730.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/26/2025	19627	199018.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/27/2025	7432	75212.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/30/2025	4600	46276.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/01/2025	7000	71260.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/02/2025	12500	125500.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/03/2025	3100	31589.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/07/2025	9914	100627.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/08/2025	12465	127018.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/09/2025	98766	994573.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/10/2025	41239	416514.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/11/2025	9970	99102.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/14/2025	8362	83620.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/15/2025	14862	148620.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/16/2025	16972	170229.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/17/2025	17762	178330.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/18/2025	36174	366081.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/21/2025	16897	170998.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/22/2025	31869	324745.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/23/2025	40393	411605.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/24/2025	110600	1156876.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041, New York NY 10001-8600	Common	07/25/2025	24728	266321.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041,, New York NY 10001-8600	Common	07/28/2025	4000	43146.62
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/21/2025	7356	79224.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/22/2025	6081	66404.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/25/2025	7668	83351.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/26/2025	9844	105921.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/27/2025	28704	316278.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/28/2025	28736	322130.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041, New York NY 10001-8600	Common	08/29/2025	62500	701875.00
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041,, New York NY 10001-8600	Common	09/02/2025	22295	248480.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

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).