Hagerty (HGTY) Form 144: Aldel LLC Plans Sale of 5,506 Shares

Hagerty, Inc. (HGTY) Form 144 filing: Aldel LLC (associated with Robert I. Kauffman) proposes to sell 5,506 shares of Hagerty common stock with an aggregate market value of $64,809, to be sold approximately on 09/29/2025 on the NYSE.

Rhea-AI Filing Summary

Hagerty, Inc. (HGTY) Form 144 filing: Aldel LLC (associated with Robert I. Kauffman) proposes to sell 5,506 shares of Hagerty common stock with an aggregate market value of $64,809, to be sold approximately on 09/29/2025 on the NYSE. The filing states these shares were originally acquired by Aldel LLC on 12/02/2021 as part of a PIPE financing tied to Hagerty Inc. The filer reports numerous secondary market sales by Robert I. Kauffman/Aldel LLC between 06/16/2025 and 09/22/2025, with individual sale amounts and gross proceeds listed in the filing.

Positive

• Acquisition disclosed: The filing states Aldel LLC acquired 3,500,000 shares on 12/02/2021 as part of a PIPE financing related to Hagerty
• Full transaction history provided: The filer lists detailed prior sales (dates, share counts, gross proceeds) for transparency

Negative

• Recent selling activity: Multiple dispositions by Robert I. Kauffman/Aldel LLC are reported between 06/16/2025 and 09/22/2025
• Planned sale notice: The filer proposes to sell 5,506 shares on or about 09/29/2025

Insights

Financial Analyst

TL;DR Routine Rule 144 notice signals a small proposed block sale and a pattern of recent secondary sales by an affiliate.

The filing documents a proposed sale of 5,506 shares valued at $64,809 and shows that Aldel LLC acquired 3,500,000 shares on 12/02/2021 via a PIPE related to Hagerty's business combination. The schedule of prior transactions lists numerous dispositions from 06/16/2025 through 09/22/2025 with detailed share counts and gross proceeds. From an investor-information standpoint this is a disclosure of insider/affiliate selling activity rather than operational or financial performance data.

Corporate Governance Expert

TL;DR The filing is a standard compliance disclosure showing planned affiliate sales and prior transactions; no new governance actions noted.

The notice affirms the seller's representation about absence of undisclosed material adverse information and references Rule 10b5-1 language for trading plan disclosures. It itemizes the origin of the shares (PIPE acquisition) and a sequence of recent sales by Robert I. Kauffman/Aldel LLC. There are no statements in the form implying changes to board composition, control transfers, or special governance arrangements.

FAQ

What does Hagerty (HGTY) Form 144 filed by Aldel LLC disclose?

The Form 144 discloses a proposed sale of 5,506 Hagerty common shares valued at $64,809, to be sold around 09/29/2025, and lists prior sales by Robert I. Kauffman/Aldel LLC.

When and how were the shares Aldel LLC plans to sell originally acquired?

According to the filing, Aldel LLC acquired 3,500,000 shares on 12/02/2021 as part of a PIPE financing connected to Hagerty's business combination.

Which broker is named for the proposed sale in the Form 144?

The filing names Merrill Lynch, 225 Liberty St, 39th Floor, New York, NY as the broker for the proposed sale.

Does the Form 144 show prior sales by the same seller?

Yes. The filing lists numerous prior sales by Robert I. Kauffman/Aldel LLC from 06/16/2025 through 09/22/2025 with share counts and gross proceeds for each trade.

On which exchange will the proposed Hagerty shares be sold?

The filing indicates the proposed sale will occur on the NYSE.

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 Not now

Accepted by SEC EDGAR 09/29/2025 - 04:46 PM Learn about SEC filing dates

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	0001124462
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Hagerty Inc.
SEC File Number	001-40244
Address of Issuer	121 Drivers Edge Traverse City MICHIGAN 49684
Phone	800-922-4050
Name of Person for Whose Account the Securities are To Be Sold	1
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	Director

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	5506	64809	90942223	09/29/2025	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	09/22/2025	34447	426608
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	09/16/2025	17622	219570
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	09/15/2025	11433	146228
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	09/08/2025	38085	457400
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	09/03/2025	41669	471276
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	09/02/2025	22295	248480
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/29/2025	62500	701875
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/28/2025	28736	322130
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/27/2025	28704	316278
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/26/2025	9844	105921
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/25/2025	7668	83351
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/22/2025	6081	66404
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	08/21/2025	7356	79224
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	07/25/2025	24728	266321
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/24/2025	110600	1156876
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/23/2025	40393	411605
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/22/2025	31869	324745
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/21/2025	16897	170998
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/18/2025	36174	366081
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/17/2025	17762	178330
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/16/2025	16972	170229
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/15/2025	14862	148620
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/14/2025	8362	83620
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/11/2025	9970	99102
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/10/2025	41239	416514
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/09/2025	98766	994573
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/08/2025	12465	127018
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/07/2025	9914	100627
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/03/2025	3100	31589
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/02/2025	12500	125500
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	07/01/2025	7000	71260
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/30/2025	4600	46276
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/27/2025	7432	75212
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/26/2025	19627	199018
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/25/2025	12610	126730
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/24/2025	31110	315455
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/23/2025	11710	117334
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/20/2025	7747	76075
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/18/2025	10380	100270
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/17/2025	4610	44025
Robert I. Kauffman, Aldel LLC 1 Manhattan W Rm. 06-1041 New York NY 10001-8600	Common	06/16/2025	4010	38255

144: Remarks and Signature

Remarks
Date of Notice	09/29/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	08/09/2024
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	Robert I. Kauffman
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)