Aldel LLC files Form 144 to sell 15,270 Hagerty shares

Q: What did Hagerty (HGTY) disclose in this Form 144?

Aldel LLC filed a notice to sell 15,270 Hagerty common shares with an aggregate market value of $169,802 , via Merrill Lynch on the NYSE .

Q: When is the proposed sale date for HGTY shares in the Form 144?

The notice lists an approximate sale date of 10/27/2025 .

Q: Who is the selling security holder in the HGTY Form 144?

The filing identifies Robert I. Kauffman, Aldel LLC as the selling holder.

Q: How and when were the HGTY shares originally acquired?

The seller acquired 3,500,000 shares on 12/02/2021 in a PIPE associated with Hagerty’s business combination.

Q: Which broker and exchange are listed for the proposed HGTY sale?

The broker is Merrill Lynch , and the intended exchange is the NYSE .

Q: How many Hagerty shares are outstanding according to the notice?

The filing lists 90,942,223 shares outstanding.

Q: Were there recent HGTY share sales by the same holder?

Yes. Examples include 14,731 shares on 10/24/2025 for $164,398 and 110,600 shares on 07/24/2025 for $1,156,876 .

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

144

Rhea-AI Filing Summary

Hagerty, Inc. (HGTY): Form 144 notice of proposed insider sale. Robert I. Kauffman, through Aldel LLC, filed to sell 15,270 shares of Hagerty common stock, with an aggregate market value of $169,802. The filing lists Merrill Lynch as broker and targets the NYSE, with an approximate sale date of 10/27/2025.

The seller previously acquired 3,500,000 shares on 12/02/2021 in connection with Hagerty’s business combination, as part of the related PIPE financing. The notice also reports recent activity over the past three months, including examples such as 14,731 shares sold on 10/24/2025 for $164,398 and 110,600 shares sold on 07/24/2025 for $1,156,876.

Shares outstanding were 90,942,223; this is a baseline figure, not the amount being sold.

Insights

Routine Form 144; proposed affiliate sale with stated size and broker.

Aldel LLC filed a Form 144 indicating intent to sell 15,270 shares of Hagerty (HGTY) common stock with an $169,802 aggregate market value. The filing names Merrill Lynch as broker, targets the NYSE, and cites an approximate sale date of 10/27/2025. Form 144 is a notice requirement for affiliate sales under Rule 144.

The seller’s position traces to 12/02/2021, when 3,500,000 shares were acquired in a PIPE related to Hagerty’s business combination. The notice also lists multiple sales in the prior three months; examples include 14,731 shares for $164,398 on 10/24/2025 and 110,600 shares for $1,156,876 on 07/24/2025.

Impact is typically administrative and depends on actual execution and market conditions. The filing reports 90,942,223 shares outstanding as a baseline reference; actual market effects, if any, follow holder sale decisions and liquidity.

10/27/2025 - 04:38 PM

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
225 Liberty St, 39th Floor
New York NY 10281

15270

169802

90942223

10/27/2025

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