Hagerty Director's $500K Stock Sale Shows Increasing Share Price Trend

Rhea-AI Filing Summary

Director Robert I. Kauffman of Hagerty reported multiple sales of Class A Common Stock through his controlled entity Aldel LLC, executed under a pre-established Rule 10b5-1 trading plan from June 20-24, 2025:

• June 20: Sold 7,747 shares at average price of $9.82
• June 23: Sold 11,710 shares at average price of $10.02
• June 24: Sold 31,110 shares at average price of $10.14

Following these transactions, Kauffman maintains 3,738,504 shares indirectly through Aldel LLC, where he serves as manager with voting and investment control, and 67,302 shares directly. The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on August 9, 2024, demonstrating pre-planned, compliant insider trading activity.

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^*

KAUFFMAN ROBERT I

(Last) (First) (Middle)

105 S. MAPLE STREET

(Street)

ITASCA IL 60143

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

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	06/20/2025		S(1)		7,747	D	$9.82(2)	3,781,324	I(3)	By Aldel LLC
Class A Common Stock	06/23/2025		S(1)		11,710	D	$10.02(4)	3,769,614	I(3)	By Aldel LLC
Class A Common Stock	06/24/2025		S(1)		31,110	D	$10.14(5)	3,738,504	I(3)	By Aldel LLC
Class A Common Stock								67,302	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. The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 9, 2024.

2. This transaction was executed in multiple trades at prices ranging from $9.64 to $9.88. 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.

3. Held by Aldel LLC. The Reporting Person is the manager of Aldel LLC and has voting and investment discretion with respect to the securities held of record by Aldel LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

4. This transaction was executed in multiple trades at prices ranging from $9.80 to $10.09. 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. This transaction was executed in multiple trades at prices ranging from $10.03 to $10.23. 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	06/24/2025
	** 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

How many HGTY shares did Robert Kauffman sell in June 2025?

Robert Kauffman sold a total of 50,567 shares of HGTY Class A Common Stock across three transactions: 7,747 shares on June 20, 11,710 shares on June 23, and 31,110 shares on June 24, 2025.

What was the price range of HGTY stock sales by Kauffman in June 2025?

The sales were executed at varying prices: June 20 trades ranged from $9.64 to $9.88 (weighted average $9.82), June 23 trades ranged from $9.80 to $10.09 (weighted average $10.02), and June 24 trades ranged from $10.03 to $10.23 (weighted average $10.14).

How many HGTY shares does Robert Kauffman own after his June 2025 transactions?

After the reported transactions, Robert Kauffman owns 67,302 shares directly and 3,738,504 shares indirectly through Aldel LLC, where he serves as manager with voting and investment discretion.

Was HGTY insider Kauffman's stock sale planned in advance?

Yes, the sales were executed pursuant to a Rule 10b5-1 trading plan that Kauffman adopted on August 9, 2024, approximately 10 months before the transactions.

What is Robert Kauffman's role at HGTY?

Robert Kauffman serves as a Director of Hagerty, Inc. (HGTY), as indicated by the 'X' marked in the Director box on the Form 4 filing.