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.

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)
01/09/2026

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	01/09/2026		C		1,350	A	$0(1)	1,350	I	By Quadrifoglio Holdings LLC(2)
Class A Common Stock	01/09/2026		S(3)		1,350	D	$13.25(4)	0	I	By Quadrifoglio Holdings LLC(2)
Class A Common Stock	01/12/2026		C		50,000	A	$0(5)	50,000	I	By Quadrifoglio Holdings LLC(2)
Class A Common Stock	01/12/2026		S(3)		50,000	D	$12.86(6)	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)	01/09/2026		C			1,350	(1)	(1)	Class A Common Stock	1,350	$0	925,213	I	By Quadrifoglio Holdings LLC
The Hagerty Group, LLC Units	(1)	01/12/2026		C			50,000	(1)	(1)	Class A Common Stock	50,000	$0	875,213	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 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.

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 $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.

5. 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.

6. 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.

Remarks:

	/s/ Tracey Derenzy, Power of Attorney	01/13/2026
	** 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).
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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.

How many Hagerty Class A shares were sold by the LLC in January 2026?

Quadrifoglio Holdings LLC sold 1,350 Hagerty Class A shares on January 9, 2026 at a weighted average price of $13.25, and 50,000 Class A shares on January 12, 2026 at a weighted average price of $12.86.

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 Hagerty Class A share holdings does Kenneth Ahn have after the reported transactions?

The table shows that, in addition to securities held indirectly through Quadrifoglio Holdings LLC, Kenneth Ahn directly held 113,593 Hagerty Class A common shares following the reported transactions.

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.