Hagerty (HGTY) LLC unit conversions and 10b5-1 sales disclosed
Rhea-AI Filing Summary
Hagerty, Inc. reported insider-related conversions and sales involving an affiliated LLC. On January 9, 2026, Quadrifoglio Holdings LLC converted 1,350 Released Common Units of The Hagerty Group, LLC into the same number of Hagerty Class A common shares at $0, then sold 1,350 Class A shares at a weighted average price of $13.25 pursuant to a Rule 10b5-1 trading plan.
On January 12, 2026, Quadrifoglio Holdings LLC converted an additional 50,000 Released Units into 50,000 Class A shares at $0, then sold those 50,000 shares at a weighted average price of $12.86 under the same plan. After these transactions, Quadrifoglio Holdings LLC held 875,213 Released Units of The Hagerty Group, LLC, while Kenneth Ahn, President, Hagerty Marketplace, also directly held 113,593 Class A shares. Ahn is the sole member of Quadrifoglio Holdings LLC and has voting and investment discretion over its holdings, while disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | The Hagerty Group, LLC Units | 50,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 50,000 | $0.00 | -- |
| Sale | Class A Common Stock | 50,000 | $12.86 | $643K |
| Conversion | The Hagerty Group, LLC Units | 1,350 | $0.00 | -- |
| Conversion | Class A Common Stock | 1,350 | $0.00 | -- |
| Sale | Class A Common Stock | 1,350 | $13.25 | $18K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (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 1,350 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 925,213 Released Units. 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. The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 15, 2025. This transaction was executed in multiple trades at prices ranging from $13.25 to $13.26. 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. 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 50,000 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 875,213 Released Units. This transaction was executed in multiple trades at prices ranging from $12.63 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.
FAQ
What insider transactions did Hagerty (HGTY) report on this Form 4?
The filing reports that Quadrifoglio Holdings LLC, an entity associated with President Kenneth Ahn, converted Released Units of The Hagerty Group, LLC into Hagerty Class A common stock on January 9 and 12, 2026, then sold the corresponding Class A shares on each date.
Were these Hagerty (HGTY) insider sales made under a Rule 10b5-1 plan?
Yes. A footnote states that the reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 15, 2025.
What happened to The Hagerty Group, LLC Units held by Quadrifoglio Holdings LLC?
Quadrifoglio Holdings LLC originally received 2,044,272 Restricted Units of The Hagerty Group, LLC. The reported transactions reflect conversions of 1,350 Released Units on January 9, 2026 and 50,000 Released Units on January 12, 2026 into Class A shares. After these conversions, it held 875,213 Released Units.
What is the relationship between Kenneth Ahn and Quadrifoglio Holdings LLC in this Hagerty filing?
A footnote explains that Kenneth Ahn is the sole member of Quadrifoglio Holdings LLC and has voting and investment discretion over its securities, while he disclaims beneficial ownership except to the extent of his pecuniary interest.