Quadrifoglio LLC tied to Hagerty (HGTY) president sells 50K shares

Rhea-AI Filing Summary

Hagerty, Inc. insider activity centers on an entity tied to President, Hagerty Marketplace, Kenneth Ahn. Quadrifoglio Holdings LLC, for which Ahn is the sole member with voting and investment discretion, converted 50,000 Released Units of The Hagerty Group, LLC into 50,000 shares of Hagerty Class A common stock on January 20, 2026 at a stated conversion price of $0.

On the same date, Quadrifoglio Holdings LLC sold those 50,000 Class A shares at a weighted average price of $12.55 under a pre-established Rule 10b5-1 trading plan. After this activity, Quadrifoglio Holdings LLC held 825,213 Released Units of The Hagerty Group, LLC, while Ahn also directly held 113,593 Class A shares. Ahn disclaims beneficial ownership of the LLC-held securities except to the extent of 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)
01/20/2026

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	01/20/2026		C		50,000	A	$0(1)	50,000	I	By Quadrifoglio Holdings LLC(2)
Class A Common Stock	01/20/2026		S(3)		50,000	D	$12.55(4)	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)	01/20/2026		C			50,000	(1)	(1)	Class A Common Stock	50,000	$0	825,213	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 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 825,213 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 $12.38 to $12.67. 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	01/22/2026
	** 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.

FAQ

What insider transaction did Hagerty (HGTY) disclose for January 20, 2026?

On January 20, 2026, Quadrifoglio Holdings LLC, an entity associated with Hagerty executive Kenneth Ahn, converted 50,000 Released Units of The Hagerty Group, LLC into 50,000 shares of Hagerty Class A common stock and sold all 50,000 shares the same day.

Who is the insider involved in the latest Hagerty (HGTY) Form 4 filing?

The reporting person is Kenneth Ahn, President, Hagerty Marketplace. The reported securities in the main transactions are held indirectly by Quadrifoglio Holdings LLC, of which he is the sole member with voting and investment discretion.

At what price were the Hagerty (HGTY) shares sold in this Form 4?

The 50,000 Class A shares were sold at a weighted average price of $12.55 per share, with individual trades executed between $12.38 and $12.67, as disclosed in the footnotes.

Was the Hagerty (HGTY) insider sale part of a Rule 10b5-1 trading plan?

Yes. The filing states that the reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 15, 2025.

How many Hagerty-related units does Quadrifoglio Holdings LLC hold after the transaction?

After converting 50,000 Released Units into Class A shares and selling those shares, Quadrifoglio Holdings LLC holds 825,213 Released Units of The Hagerty Group, LLC.

How many Hagerty (HGTY) Class A shares does Kenneth Ahn hold directly after this Form 4?

Following the reported transactions, 113,593 Hagerty Class A common shares are shown as directly owned by the reporting person.

Does Kenneth Ahn claim full beneficial ownership of the Quadrifoglio Holdings LLC securities?

No. The filing states that the reporting person disclaims beneficial ownership of the securities held by Quadrifoglio Holdings LLC except to the extent of his pecuniary interest in them.