Hagerty (HGTY) director Mika Salmi receives 11,871 RSUs vesting in 2027

Rhea-AI Filing Summary

Salmi Mika reported acquisition or exercise transactions in this Form 4 filing.

Hagerty, Inc. director Mika Salmi received an equity award of 11,871 shares of Class A Common Stock in the form of Restricted Stock Units. These 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. After this grant, he directly holds 54,173 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Salmi Mika

Role Director

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

Holdings After Transaction: Class A Common Stock — 54,173 shares (Direct)

Footnotes (1)

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Key Figures

RSU grant size: 11,871 shares Post-transaction holdings: 54,173 shares Grant price: $0.00 per share +1 more

4 metrics

RSU grant size 11,871 shares Class A Common Stock RSUs granted to director

Post-transaction holdings 54,173 shares Total Class A Common Stock held directly after grant

Grant price $0.00 per share Equity compensation, not open-market purchase

RSU vesting date April 1, 2027 Vesting conditioned on continued service, with exceptions

Key Terms

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

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"

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.

vesting financial

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

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

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^*

Salmi Mika

(Last) (First) (Middle)

121 DRIVERS EDGE

(Street)

TRAVERSE CITY MICHIGAN 49684

(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	54,173	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:

Exhibit 24 - Power of Attorney

	/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)

FAQ

What insider transaction did Hagerty (HGTY) director Mika Salmi report?

Mika Salmi reported receiving 11,871 shares of Hagerty Class A Common Stock as a Restricted Stock Unit grant. The award was made under the company’s 2021 Equity Incentive Plan and did not involve an open-market stock purchase or sale.

Were the Hagerty (HGTY) shares granted to Mika Salmi bought or sold on the open market?

The shares were not bought or sold on the open market. They were granted as Restricted Stock Units at zero dollar price per share, representing equity compensation rather than a discretionary purchase or sale in the public market.

When do Mika Salmi’s new Hagerty (HGTY) RSUs vest?

The 11,871 Restricted Stock Units granted to Mika Salmi vest on April 1, 2027. Vesting is conditioned on his continued service with Hagerty, with limited exceptions for events such as death or disability as outlined in the award terms.

How many Hagerty (HGTY) shares does Mika Salmi hold after this Form 4 transaction?

Following the RSU grant, Mika Salmi directly holds 54,173 shares of Hagerty Class A Common Stock. This figure includes the newly awarded 11,871 RSU-based shares reported in the Form 4 insider filing for the director.

Under which plan were Mika Salmi’s Hagerty (HGTY) RSUs granted?

The 11,871 Restricted Stock Units were granted under Hagerty’s 2021 Equity Incentive Plan. This plan provides equity-based compensation awards, such as RSUs, to eligible participants including directors and employees of the company.

What does the zero transaction price mean in the Hagerty (HGTY) Form 4 for Mika Salmi?

The zero transaction price indicates the RSUs were granted as compensation, not purchased. Salmi did not pay cash for the 11,871 shares; instead, he receives them if vesting conditions are met under the company’s equity incentive plan.