[144] Hagerty, Inc. SEC Filing
Filer: Robert I. Kauffman / Aldel LLC filed a Form 144 proposing to sell 28,704 shares of Hagerty, Inc. common stock through Merrill Lynch (NYC).
The filing shows an aggregate market value of $316,278 for the planned sale and lists 90,942,223 shares outstanding. The securities were acquired on 12/02/2021 as part of a PIPE financing related to Hagerty's business combination, with 3,500,000 shares recorded as acquired on that date. The Form 144 also discloses numerous open-market sales by the same seller across May–August 2025, including several large single-day dispositions (for example, 110,600 shares sold on 07/24/2025).
Dichiarante: Robert I. Kauffman / Aldel LLC ha presentato un Modulo 144 proponendo la vendita di 28.704 azioni ordinarie di Hagerty, Inc. tramite Merrill Lynch (NYC).
La comunicazione indica un valore di mercato complessivo di $316.278 per la vendita prevista e riporta 90.942.223 azioni in circolazione. I titoli sono stati acquisiti il 02/12/2021 nell'ambito di un finanziamento PIPE collegato alla business combination di Hagerty, con 3.500.000 azioni registrate come acquisite in quella data. Il Modulo 144 segnala inoltre numerose vendite sul mercato aperto dallo stesso venditore tra maggio e agosto 2025, incluse diverse cessioni rilevanti in singole giornate (ad esempio, 110.600 azioni vendute il 24/07/2025).
Declarante: Robert I. Kauffman / Aldel LLC presentó un Formulario 144 proponiendo vender 28.704 acciones comunes de Hagerty, Inc. a través de Merrill Lynch (NYC).
La presentación muestra un valor de mercado agregado de $316,278 para la venta prevista y enumera 90.942.223 acciones en circulación. Los valores se adquirieron el 02/12/2021 como parte de una financiación PIPE relacionada con la combinación de negocios de Hagerty, con 3.500.000 acciones registradas como adquiridas en esa fecha. El Formulario 144 también revela numerosas ventas en el mercado abierto por el mismo vendedor entre mayo y agosto de 2025, incluidas varias disposiciones significativas en un solo día (por ejemplo, 110.600 acciones vendidas el 24/07/2025).
신고인: Robert I. Kauffman / Aldel LLC가 Merrill Lynch (NYC)를 통해 Hagerty, Inc. 보통주 28,704주를 매각하려는 Form 144를 제출했습니다.
해당 제출서류는 예정된 매각의 총 시가총액이 $316,278임을 기재하고 있으며, 90,942,223주의 발행주식수를 명시하고 있습니다. 해당 증권은 Hagerty의 기업결합과 관련된 PIPE 자금조달의 일환으로 2021/12/02에 취득되었고, 그날 3,500,000주가 취득된 것으로 기록되어 있습니다. 또한 Form 144는 동일 판매자가 2025년 5월에서 8월 사이에 여러 차례 장외시장 매각을 한 사실을 공개하고 있으며, 단일일 대규모 처분도 몇 차례 포함되어 있습니다(예: 2025/07/24에 110,600주 매각).
Déposant : Robert I. Kauffman / Aldel LLC a déposé un formulaire 144 proposant de vendre 28 704 actions ordinaires de Hagerty, Inc. via Merrill Lynch (NYC).
Le dépôt indique une valeur de marché agrégée de 316 278 $ pour la vente prévue et mentionne 90 942 223 actions en circulation. Les titres ont été acquis le 02/12/2021 dans le cadre d’un financement PIPE lié à la fusion d’entreprise de Hagerty, avec 3 500 000 actions enregistrées comme acquises à cette date. Le formulaire 144 révèle également de nombreuses ventes en marché ouvert par le même vendeur entre mai et août 2025, incluant plusieurs cessions importantes en une seule journée (par exemple, 110 600 actions vendues le 24/07/2025).
Einreicher: Robert I. Kauffman / Aldel LLC reichte ein Formular 144 ein, in dem der Verkauf von 28.704 Stammaktien der Hagerty, Inc. über Merrill Lynch (NYC) vorgeschlagen wird.
Die Einreichung weist einen Gesamtmarktwert von $316.278 für den geplanten Verkauf aus und listet 90.942.223 ausstehende Aktien. Die Wertpapiere wurden am 02.12.2021 im Rahmen einer PIPE-Finanzierung im Zusammenhang mit der Unternehmenszusammenführung von Hagerty erworben; für dieses Datum sind 3.500.000 erworbene Aktien verzeichnet. Das Formular 144 offenbart außerdem zahlreiche Verkäufe am offenen Markt durch denselben Verkäufer im Zeitraum Mai–August 2025, darunter mehrere große Einzeltransaktionen (z. B. 110.600 Aktien, verkauft am 24.07.2025).
- Disclosure completeness: The Form 144 provides required details including broker, acquisition date, acquisition method (PIPE), number of shares to be sold, and aggregate market value.
- Brokered sale: Proposed sale routed through a major broker (Merrill Lynch), indicating use of an established execution channel.
- Substantial past dispositions: The filing lists extensive open-market sales by the same seller across May–August 2025, including large single-day sales such as 110,600 shares on 07/24/2025.
- Potential liquidity signal: Repeated sales by an insider entity may indicate significant insider liquidity extraction (documented but not interpreted beyond the facts).
Insights
TL;DR: Insider entity proposes a modest sale relative to outstanding shares but has executed many recent open-market sales.
The filing shows a planned sale of 28,704 shares valued at $316,278 via Merrill Lynch. The securities were acquired in a PIPE on 12/02/2021. While the planned sale size is small relative to the issuer's 90,942,223 shares outstanding, the record of repeated sales from the same seller across May–August 2025 is notable for investors tracking insider liquidity. This disclosure is factual and consistent with Rule 144 reporting requirements.
TL;DR: Form 144 appears to meet disclosure requirements and documents prior and proposed sales; no regulatory noncompliance is evident from the text.
The document identifies the broker, acquisition date, method (PIPE), and a series of executed sales with dates and gross proceeds, satisfying the elements required for a Rule 144 notice. The signer represents no undisclosed material adverse information. The filing does not include anything indicating a failure to comply with Rule 144 based on the provided content.
Dichiarante: Robert I. Kauffman / Aldel LLC ha presentato un Modulo 144 proponendo la vendita di 28.704 azioni ordinarie di Hagerty, Inc. tramite Merrill Lynch (NYC).
La comunicazione indica un valore di mercato complessivo di $316.278 per la vendita prevista e riporta 90.942.223 azioni in circolazione. I titoli sono stati acquisiti il 02/12/2021 nell'ambito di un finanziamento PIPE collegato alla business combination di Hagerty, con 3.500.000 azioni registrate come acquisite in quella data. Il Modulo 144 segnala inoltre numerose vendite sul mercato aperto dallo stesso venditore tra maggio e agosto 2025, incluse diverse cessioni rilevanti in singole giornate (ad esempio, 110.600 azioni vendute il 24/07/2025).
Declarante: Robert I. Kauffman / Aldel LLC presentó un Formulario 144 proponiendo vender 28.704 acciones comunes de Hagerty, Inc. a través de Merrill Lynch (NYC).
La presentación muestra un valor de mercado agregado de $316,278 para la venta prevista y enumera 90.942.223 acciones en circulación. Los valores se adquirieron el 02/12/2021 como parte de una financiación PIPE relacionada con la combinación de negocios de Hagerty, con 3.500.000 acciones registradas como adquiridas en esa fecha. El Formulario 144 también revela numerosas ventas en el mercado abierto por el mismo vendedor entre mayo y agosto de 2025, incluidas varias disposiciones significativas en un solo día (por ejemplo, 110.600 acciones vendidas el 24/07/2025).
신고인: Robert I. Kauffman / Aldel LLC가 Merrill Lynch (NYC)를 통해 Hagerty, Inc. 보통주 28,704주를 매각하려는 Form 144를 제출했습니다.
해당 제출서류는 예정된 매각의 총 시가총액이 $316,278임을 기재하고 있으며, 90,942,223주의 발행주식수를 명시하고 있습니다. 해당 증권은 Hagerty의 기업결합과 관련된 PIPE 자금조달의 일환으로 2021/12/02에 취득되었고, 그날 3,500,000주가 취득된 것으로 기록되어 있습니다. 또한 Form 144는 동일 판매자가 2025년 5월에서 8월 사이에 여러 차례 장외시장 매각을 한 사실을 공개하고 있으며, 단일일 대규모 처분도 몇 차례 포함되어 있습니다(예: 2025/07/24에 110,600주 매각).
Déposant : Robert I. Kauffman / Aldel LLC a déposé un formulaire 144 proposant de vendre 28 704 actions ordinaires de Hagerty, Inc. via Merrill Lynch (NYC).
Le dépôt indique une valeur de marché agrégée de 316 278 $ pour la vente prévue et mentionne 90 942 223 actions en circulation. Les titres ont été acquis le 02/12/2021 dans le cadre d’un financement PIPE lié à la fusion d’entreprise de Hagerty, avec 3 500 000 actions enregistrées comme acquises à cette date. Le formulaire 144 révèle également de nombreuses ventes en marché ouvert par le même vendeur entre mai et août 2025, incluant plusieurs cessions importantes en une seule journée (par exemple, 110 600 actions vendues le 24/07/2025).
Einreicher: Robert I. Kauffman / Aldel LLC reichte ein Formular 144 ein, in dem der Verkauf von 28.704 Stammaktien der Hagerty, Inc. über Merrill Lynch (NYC) vorgeschlagen wird.
Die Einreichung weist einen Gesamtmarktwert von $316.278 für den geplanten Verkauf aus und listet 90.942.223 ausstehende Aktien. Die Wertpapiere wurden am 02.12.2021 im Rahmen einer PIPE-Finanzierung im Zusammenhang mit der Unternehmenszusammenführung von Hagerty erworben; für dieses Datum sind 3.500.000 erworbene Aktien verzeichnet. Das Formular 144 offenbart außerdem zahlreiche Verkäufe am offenen Markt durch denselben Verkäufer im Zeitraum Mai–August 2025, darunter mehrere große Einzeltransaktionen (z. B. 110.600 Aktien, verkauft am 24.07.2025).
FAQ
What does the Form 144 for Hagerty, Inc. (HGTY) disclose?
When were the shares to be sold acquired according to the filing?
How many Hagerty shares are outstanding per the filing?
Who is the broker handling the proposed sale in the Form 144?
Does the filing list past sales by the same seller?
