Hagerty (HGTY) insider LLC converts units and sells Class A stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hagerty, Inc. (HGTY) disclosed that Quadrifoglio Holdings LLC, an entity associated with President, Hagerty Marketplace Kenneth Ahn, converted units of The Hagerty Group, LLC into Class A common stock and then sold those shares over three days in January 2026.
On January 5, 2026, Quadrifoglio Holdings LLC converted 164,870 units into Class A shares at $0 per share and sold the same number of shares at a weighted average price of about $12.79. On January 6, it converted and sold 10,883 shares at about $12.85, and on January 7 it converted and sold 24,247 shares at about $13.08.
The sales were made under a Rule 10b5-1 trading plan adopted on September 15, 2025. After these conversions, Quadrifoglio Holdings LLC held 926,563 Released Units of The Hagerty Group, LLC, and Kenneth Ahn also held 113,593 Class A shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 200,000 shares ($2,565,685)
Net Sell
10 txns
Insider
Ahn Kenneth
Role
President, Hagerty Marketplace
Sold
200,000 shs ($2.57M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | The Hagerty Group, LLC Units | 24,247 | $0.00 | -- |
| Conversion | Class A Common Stock | 24,247 | $0.00 | -- |
| Sale | Class A Common Stock | 24,247 | $13.08 | $317K |
| Conversion | The Hagerty Group, LLC Units | 10,883 | $0.00 | -- |
| Conversion | Class A Common Stock | 10,883 | $0.00 | -- |
| Sale | Class A Common Stock | 10,883 | $12.85 | $140K |
| Conversion | The Hagerty Group, LLC Units | 164,870 | $0.00 | -- |
| Conversion | Class A Common Stock | 164,870 | $0.00 | -- |
| Sale | Class A Common Stock | 164,870 | $12.79 | $2.11M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
The Hagerty Group, LLC Units — 926,563 shares (Indirect, By Quadrifoglio Holdings LLC);
Class A Common Stock — 24,247 shares (Indirect, By Quadrifoglio Holdings LLC);
Class A Common Stock — 113,593 shares (Direct)
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 164,870 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 961,693 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 $12.57 to $13.12. 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 10,883 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 950,810 Released Units. This transaction was executed in multiple trades at prices ranging from $12.75 to $12.96. 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 24,247 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 926,563 Released Units. This transaction was executed in multiple trades at prices ranging from $13.00 to $13.17. 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.
