Hagerty owner sells 10M shares at $14.33 on Nov. 10

Available on EDGAR 11/12/2026 - 06:20 PM EST Accepted by SEC EDGAR 11/12/2026 - 06:19 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Hagerty, Inc. reported that 10% owner Hagerty Holding Corp. exchanged 10,000,000 Paired Interests for Class A Common Stock on November 10, 2026, and sold 10,000,000 Class A shares at $14.33 per share. On November 12, it exchanged 1,500,000 Paired Interests for Class A shares and sold 1,500,000 shares at $14.33 per share. Each Paired Interest consisted of one Class V share and one OpCo limited liability company unit. No Rule 10b5-1 plan is reported for these transactions.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 6 txns

Insider Hagerty Holding Corp.

Role 10% Owner

Sold 11,500,000 shs ($164.79M)

Approx. gross sale proceeds $164.79M

Share of Position Sold 100%

Type	Security	Shares	Price	Value
Conversion	Class V Common Stock F3, F2	1,500,000	--	--
Conversion	Class A Common Stock F2	1,500,000	--	--
Sale	Class A Common Stock	1,500,000	$14.33	$21.50M
Conversion	Class V Common Stock F3, F1	10,000,000	--	--
Conversion	Class A Common Stock F1	10,000,000	--	--
Sale	Class A Common Stock	10,000,000	$14.33	$143.30M

Holdings After Transaction: Class V Common Stock — 144,414,656 shares (Direct); Class A Common Stock — 0 shares (Direct)

Holdings Before and After: Class V Common Stock, 155,914,656 to 144,414,656 shares (Direct); Class A Common Stock, 0 to 0 shares (Direct)

Footnotes (3)

1. F1. 10,000,000 shares of Class A Common Stock were issued to the Reporting Person in exchange for an equal number of Paired Interests (as defined below) that were surrendered by the Reporting Person pursuant to the Amended and Restated Exchange Agreement, dated as of December 2, 2021 and amended and restated as of March 23, 2022 (the "Exchange Agreement"), among the Issuer, The Hagerty Group, LLC ("OpCo"), the Reporting Person, Markel Corporation ("Markel") and each of the Reporting Person's and Markel's Qualified Transferees (as defined therein). Each "Paired Interest" consists of one share of Class V Common Stock of the Issuer and one unit of limited liability company interest of OpCo and may be surrendered by the Reporting Person pursuant to the Exchange Agreement in exchange for a share of Class A Common Stock of the Issuer or, at the option of the Issuer, cash.
2. F2. 1,500,000 shares of Class A Common Stock were issued to the Reporting Person in exchange for an equal number of Paired Interests that were surrendered by the Reporting Person pursuant to the Exchange Agreement.
3. F3. Each Paired Interest has no expiration date and may be surrendered by the Reporting Person pursuant to the Exchange Agreement in exchange for a share of Class A Common Stock of the Issuer or, at the option of the Issuer, cash.

Key Figures

Paired Interests exchanged: 10,000,000 Paired Interests Class A shares sold: 10,000,000 shares Sale price: $14.33 per share +2 more

5 metrics

Paired Interests exchanged 10,000,000 Paired Interests Exchanged for Class A Common Stock on November 10, 2026.

Class A shares sold 10,000,000 shares Sale on November 10, 2026.

Sale price $14.33 per share Class A Common Stock sale on November 10, 2026.

Paired Interests exchanged 1,500,000 Paired Interests Exchanged for Class A Common Stock on November 12, 2026.

Class A shares sold 1,500,000 shares Sale on November 12, 2026, at $14.33 per share.

Key Terms

Paired Interest, Exchange Agreement, Class V Common Stock

3 terms

Paired Interest technical

"Each "Paired Interest" consists of one share of Class V Common Stock"

Exchange Agreement technical

"pursuant to the Amended and Restated Exchange Agreement"

A written deal in which two parties agree to swap assets, securities or obligations under set terms—think of it as a formal swap or trade contract. For investors it matters because such agreements can change who owns what, alter a company’s capital structure, affect future cash flows or dilute existing shares, and therefore influence value and risk in a straightforward, contract-driven way.

Class V Common Stock financial

"one share of Class V Common Stock of the Issuer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many HGTY shares did Hagerty Holding Corp. sell, and at what price?

Hagerty Holding Corp. sold 10,000,000 Class A Common Stock shares on November 10, 2026, and 1,500,000 shares on November 12, 2026, at $14.33 per share on each date.

What did Hagerty Holding Corp. exchange for HGTY Class A shares?

Hagerty Holding Corp. surrendered Paired Interests in exchange for the reported Class A shares. Each Paired Interest consisted of one Class V Common Stock share and one unit of limited liability company interest in The Hagerty Group, LLC; under the Exchange Agreement, the issuer could elect cash instead of a Class A share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Hagerty Holding Corp.

(Last) (First) (Middle)

175 WILSON ROAD

(Street)

TRAVERSE CITY MICHIGAN 49686

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2026

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	11/10/2026		C		10,000,000	A	(1)	10,000,000	D
Class A Common Stock	11/10/2026		S		10,000,000	D	$14.33	0	D
Class A Common Stock	11/12/2026		C		1,500,000	A	(2)	1,500,000	D
Class A Common Stock	11/12/2026		S		1,500,000	D	$14.33	0	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
Class V Common Stock	(3)	11/10/2026		C			10,000,000	(3)	(3)	Class A Common Stock	10,000,000	(1)	145,914,656	D
Class V Common Stock	(3)	11/12/2026		C			1,500,000	(3)	(3)	Class A Common Stock	1,500,000	(2)	144,414,656	D

Explanation of Responses:

1. 10,000,000 shares of Class A Common Stock were issued to the Reporting Person in exchange for an equal number of Paired Interests (as defined below) that were surrendered by the Reporting Person pursuant to the Amended and Restated Exchange Agreement, dated as of December 2, 2021 and amended and restated as of March 23, 2022 (the "Exchange Agreement"), among the Issuer, The Hagerty Group, LLC ("OpCo"), the Reporting Person, Markel Corporation ("Markel") and each of the Reporting Person's and Markel's Qualified Transferees (as defined therein). Each "Paired Interest" consists of one share of Class V Common Stock of the Issuer and one unit of limited liability company interest of OpCo and may be surrendered by the Reporting Person pursuant to the Exchange Agreement in exchange for a share of Class A Common Stock of the Issuer or, at the option of the Issuer, cash.

2. 1,500,000 shares of Class A Common Stock were issued to the Reporting Person in exchange for an equal number of Paired Interests that were surrendered by the Reporting Person pursuant to the Exchange Agreement.

3. Each Paired Interest has no expiration date and may be surrendered by the Reporting Person pursuant to the Exchange Agreement in exchange for a share of Class A Common Stock of the Issuer or, at the option of the Issuer, cash.

	HAGERTY HOLDING CORP. By: /s/ Jessica Sullivan Name: Jessica Sullivan Title: Secretary	11/12/2026
	** 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)