Hagerty director granted 11,871 RSUs in stock

Heaton Michael R reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 04/03/2026 - 02:47 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Heaton Michael R reported acquisition or exercise transactions in this Form 4 filing.

Hagerty, Inc. director Michael R. Heaton received an equity grant of 11,871 shares of Class A Common Stock in the form of Restricted Stock Units under the company’s 2021 Equity Incentive Plan. The RSUs were granted at no cash cost and will vest on April 1, 2027, if he continues serving the company, with exceptions for death or disability. Following this award, he directly holds 22,101 shares of Class A Common Stock.

Insider Trade Summary

Grant/Award: 11,871 shares

Grant/Award 1 txn

Insider Heaton Michael R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	11,871	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 22,101 shares (Direct)

Holdings Before and After: Class A Common Stock, 10,230 to 22,101 shares (Direct)

Footnotes (1)

1. F1. Represents shares of Class A Common Stock of Hagerty, Inc. (the "Issuer") underlying Restricted Stock Units ("RSUs") acquired by the Reporting Person under the Issuer's 2021 Equity Incentive Plan. The RSUs vest on April 1, 2027, subject to the Reporting Person's continued service with the Issuer, with exceptions for death or disability.

Key Figures

RSUs granted: 11,871 shares Grant price: $0.0000 per share Shares after transaction: 22,101 shares +1 more

4 metrics

RSUs granted 11,871 shares Restricted Stock Units of Class A Common Stock granted to director

Grant price $0.0000 per share Equity award, no cash paid by reporting person

Shares after transaction 22,101 shares Total Class A Common Stock directly held after award

Vesting date April 1, 2027 RSUs vest, subject to continued service and limited exceptions

Key Terms

Restricted Stock Units, 2021 Equity Incentive Plan, vest, Class A Common Stock

4 terms

Restricted Stock Units financial

"underlying Restricted Stock Units ("RSUs") acquired by the Reporting Person"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2021 Equity Incentive Plan financial

"acquired by the Reporting Person under the Issuer's 2021 Equity Incentive Plan"

vest financial

"The RSUs vest on April 1, 2027, subject to the Reporting Person's continued service"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Class A Common Stock financial

"Represents shares of Class A Common Stock of Hagerty, Inc."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Hagerty (HGTY) disclose for Michael R. Heaton?

Hagerty disclosed that director Michael R. Heaton received 11,871 Restricted Stock Units of Class A Common Stock. These RSUs were granted under the 2021 Equity Incentive Plan as compensation, not a market purchase, and increase his direct holdings to 22,101 shares after the grant.

Are the new Hagerty (HGTY) shares for Michael R. Heaton immediately vested?

No, the 11,871 Restricted Stock Units granted to Michael R. Heaton vest on April 1, 2027. Vesting requires his continued service with Hagerty, with specified exceptions for death or disability, meaning he only fully earns the shares over time.

Did Michael R. Heaton buy Hagerty (HGTY) shares on the open market?

No, Michael R. Heaton did not buy shares on the open market. He received 11,871 shares in the form of Restricted Stock Units as an equity award, granted at a zero dollar price under Hagerty’s 2021 Equity Incentive Plan.

How many Hagerty (HGTY) shares does Michael R. Heaton hold after this Form 4?

After the reported grant, Michael R. Heaton directly holds 22,101 shares of Hagerty Class A Common Stock. This total includes the newly awarded 11,871 Restricted Stock Units, which will vest in 2027 subject to his continued service conditions.

What plan governs the Restricted Stock Units granted to Michael R. Heaton at Hagerty (HGTY)?

The Restricted Stock Units granted to Michael R. Heaton were issued under Hagerty’s 2021 Equity Incentive Plan. This plan allows the company to grant equity-based awards to align director and employee incentives with long-term shareholder interests and company performance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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).

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^*

Heaton Michael R

(Last) (First) (Middle)

121 DRIVERS EDGE

(Street)

TRAVERSE CITY MICHIGAN 49685

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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	04/01/2026		A		11,871(1)	A	$0	22,101	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

Explanation of Responses:

1. Represents shares of Class A Common Stock of Hagerty, Inc. (the "Issuer") underlying Restricted Stock Units ("RSUs") acquired by the Reporting Person under the Issuer's 2021 Equity Incentive Plan. The RSUs vest on April 1, 2027, subject to the Reporting Person's continued service with the Issuer, with exceptions for death or disability.

Remarks:

	/s/ Tracey Derenzy, Power of Attorney	04/03/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)