Hagerty, Inc. (HGTY) officer reports 100,000-share Rule 10b5-1 sale

Rhea-AI Filing Summary

Hagerty, Inc. reported that an officer serving as President, Hagerty Marketplace converted 100,000 units of The Hagerty Group, LLC into 100,000 shares of Class A common stock and then sold those 100,000 shares on December 15, 2025.

The conversion was recorded at a price of $0, while the sale was executed at a weighted average price of $12.80 per share in multiple trades between $12.58 and $12.99 under a Rule 10b5-1 trading plan adopted on September 15, 2025.

Following these transactions, the reporting person beneficially owns 113,593 Class A shares directly, and Quadrifoglio Holdings LLC, which the reporting person controls, continues to hold 1,126,563 released units of The Hagerty Group, LLC.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ahn Kenneth

(Last) (First) (Middle)

121 DRIVERS EDGE

(Street)

TRAVERSE CITY MI 49684

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hagerty, Inc. [ HGTY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Hagerty Marketplace

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	12/15/2025		C		100,000	A	$0(1)	100,000	I	By Quadrifoglio Holdings LLC(2)
Class A Common Stock	12/15/2025		S(3)		100,000	D	$12.8(4)	0	I	By Quadrifoglio Holdings LLC(2)
Class A Common Stock								113,593	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
The Hagerty Group, LLC Units	(1)	12/15/2025		C			100,000	(1)	(1)	Class A Common Stock	100,000	$0	1,126,563	I	By Quadrifoglio Holdings LLC

Explanation of Responses:

1. Quadrifoglio Holdings LLC received 2,044,272 Common Units of The Hagerty Group, LLC (the "Restricted Units") pursuant to the terms of that certain Contribution and Exchange Agreement, dated as of August 9, 2022, among the Issuer and the parties thereto. The Restricted Units are subject to exchange restrictions that release in five equal installments on April 1st of each year (which began on April 1, 2023) (all Restricted Units that have been released from the exchange restrictions are referred to herein as the "Released Units"). The reported transaction reflects the conversion of 100,000 Released Units owned by Quadrifoglio Holdings LLC into shares of the Issuer's Class A Common Stock pursuant to that certain Exchange Agreement, dated as of August 9, 2022, by and among the Issuer and the parties thereto (the "Conversion"). After the Conversion, Quadrifoglio Holdings LLC owns 1,126,563 Released Units.

2. The Reporting Person is the sole member of Quadrifoglio Holdings LLC and has voting and investment discretion with respect to the securities held of record by Quadrifoglio Holdings LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

3. The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 15, 2025.

4. This transaction was executed in multiple trades at prices ranging from $12.58 to $12.99. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Tracey Derenzy, Power of Attorney	12/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Hagerty (HGTY) disclose in this report?

The disclosure shows an officer converted 100,000 units of The Hagerty Group, LLC into 100,000 Hagerty Class A common shares and sold those 100,000 shares on December 15, 2025.

What is the reporting persons relationship to Hagerty (HGTY)?

The reporting person is an officer of Hagerty, serving as President, Hagerty Marketplace.

How many Hagerty (HGTY) Class A shares does the reporting person own after these transactions?

After the reported transactions, the reporting person beneficially owns 113,593 shares of Hagerty Class A common stock directly.

Under what plan was the 100,000-share Hagerty (HGTY) sale executed?

The 100,000-share sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person on September 15, 2025.

How many units of The Hagerty Group, LLC does Quadrifoglio Holdings LLC hold after the conversion?

Following the conversion, Quadrifoglio Holdings LLC holds 1,126,563 released units of The Hagerty Group, LLC.

At what prices were the Hagerty (HGTY) shares sold in this insider transaction?

The sale was executed at a weighted average price of $12.80 per share, in multiple trades at prices ranging from $12.58 to $12.99.

What is the relationship between the reporting person and Quadrifoglio Holdings LLC?

The reporting person is the sole member of Quadrifoglio Holdings LLC and has voting and investment discretion over its holdings, while disclaiming beneficial ownership except for any pecuniary interest.