[Form 4] Hagerty, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Hagerty, Inc. director Robert I. Kauffman reported multiple disposals of Class A common stock under a Rule 10b5-1 plan. The filing shows sales of 21,314 shares on 10/02/2025 at a weighted average price of $11.98, and 3,024 shares on 10/06/2025 at a weighted average price of $12.01. A further disposition of 67,302 shares is reported without an accompanying price or date. After the two dated transactions, the report lists 1,108,539 shares held indirectly by Aldel LLC; earlier in the filing the indirect holding is shown as 1,111,563 following the first sale. The filer states the transactions were effected under a 10b5-1 trading plan adopted on 08/09/2024 and disclaims beneficial ownership of Aldel LLC holdings except for pecuniary interest. The filing is signed by a power of attorney on 10/06/2025. Note: one disposal line (67,302 shares) lacks a reported execution date and price in the form.
Positive
- None.
Negative
- None.
Insights
Director sold 91,640 shares under a pre-set 10b5-1 plan; one line lacks price/date.
The reporting shows two dated sales totaling 24,338 shares executed at weighted averages of $11.98 and $12.01, plus a reported disposition of 67,302 shares without price or date. The filings also show indirect holdings via Aldel LLC of 1,108,539 and 1,111,563 shares at different report points, reflecting the reported changes.
Because the trades are disclosed as part of a 10b5-1 plan adopted on 08/09/2024, they indicate pre-planned activity rather than opportunistic timing; however, the missing execution details for the 67,302-share disposal create an information gap investors may request be clarified within standard SEC procedures.
Use of a documented trading plan supports compliance but the report shows a material indirect holding maintained through an LLC.
The filer identifies himself as manager of Aldel LLC with voting and investment discretion and disclaims beneficial ownership except for pecuniary interest. This structure means changes in Aldel's holdings are reported as indirect and can materially affect perceived insider alignment when aggregated with personal holdings.
Investors interested in governance should note the continued indirect holding of over 1.1M shares and may watch for any future, fully detailed Form 4s that reconcile the 67,302-share disposal line and confirm the timing and prices for that trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,024 | $12.01 | $36K |
| Sale | Class A Common Stock | 21,314 | $11.98 | $255K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 9, 2024. This transaction was executed in multiple trades at prices ranging from $11.75 to $12.18. 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. 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. This transaction was executed in multiple trades at prices ranging from $11.94 to $12.09. 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.
