[144] Hagerty, Inc. SEC Filing

Q: 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.

Q: 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.

Q: 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.

Q: On which exchange will the proposed Hagerty shares be sold?

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

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

144

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

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.

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.

09/29/2025 - 04:46 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

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