[144] Hagerty, Inc. SEC Filing

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

144

Rhea-AI Filing Summary

Hagerty, Inc. (HGTY) filed a Form 144 notice reporting a proposed sale of 21,314 common shares through Merrill Lynch on the NYSE with an aggregate market value of $255,342. The filing states these shares were originally acquired on 12/02/2021 by Aldel LLC as part of a PIPE financing tied to the company’s business combination with Hagerty. The issuer’s total shares outstanding is listed as 90,942,223. The filing also discloses extensive prior open-market sales by Robert I. Kauffman / Aldel LLC across many dates from 06/16/2025 through 10/01/2025, including several large daily transactions such as 110,600 shares on 07/24/2025. The filer affirms no undisclosed material nonpublic information in connection with the sale.

Insights

Large, frequent insider-related sales may affect free float and intraday liquidity.

The filing shows a proposed block sale of 21,314 shares and an extensive pattern of prior sales by Robert I. Kauffman / Aldel LLC from 06/16/2025 through 10/01/2025, including a single-day sale of 110,600 shares on 07/24/2025.

Because the issuer reports 90,942,223 shares outstanding, these sales represent small absolute fractions of total shares but are notable for frequency and size on specific days; that can increase supply pressure on trading days listed. The filer’s representation of no material nonpublic information is standard for Rule 144 notices.

Reported sales are being executed under Rule 144 with acquisition trace to a PIPE transaction.

The shares to be sold were acquired on 12/02/2021 via a PIPE by Aldel LLC, and the Form 144 lists broker Merrill Lynch and the intended exchange (NYSE), indicating the filer is following Rule 144 disclosure procedures.

The filing includes the statutory signature representation that the seller does not possess undisclosed material adverse information, aligning with compliance expectations for such sales.

10/02/2025 - 04:23 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

21314

255342

90942223

10/02/2025

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