[144] Hagerty, Inc. SEC Filing
Filer: Robert I. Kauffman / Aldel LLC filed a Form 144 proposing to sell 28,704 shares of Hagerty, Inc. common stock through Merrill Lynch (NYC).
The filing shows an aggregate market value of $316,278 for the planned sale and lists 90,942,223 shares outstanding. The securities were acquired on 12/02/2021 as part of a PIPE financing related to Hagerty's business combination, with 3,500,000 shares recorded as acquired on that date. The Form 144 also discloses numerous open-market sales by the same seller across May鈥揂ugust 2025, including several large single-day dispositions (for example, 110,600 shares sold on 07/24/2025).
Dichiarante: Robert I. Kauffman / Aldel LLC ha presentato un Modulo 144 proponendo la vendita di 28.704 azioni ordinarie di Hagerty, Inc. tramite Merrill Lynch (NYC).
La comunicazione indica un valore di mercato complessivo di $316.278 per la vendita prevista e riporta 90.942.223 azioni in circolazione. I titoli sono stati acquisiti il 02/12/2021 nell'ambito di un finanziamento PIPE collegato alla business combination di Hagerty, con 3.500.000 azioni registrate come acquisite in quella data. Il Modulo 144 segnala inoltre numerose vendite sul mercato aperto dallo stesso venditore tra maggio e agosto 2025, incluse diverse cessioni rilevanti in singole giornate (ad esempio, 110.600 azioni vendute il 24/07/2025).
Declarante: Robert I. Kauffman / Aldel LLC present贸 un Formulario 144 proponiendo vender 28.704 acciones comunes de Hagerty, Inc. a trav茅s de Merrill Lynch (NYC).
La presentaci贸n muestra un valor de mercado agregado de $316,278 para la venta prevista y enumera 90.942.223 acciones en circulaci贸n. Los valores se adquirieron el 02/12/2021 como parte de una financiaci贸n PIPE relacionada con la combinaci贸n de negocios de Hagerty, con 3.500.000 acciones registradas como adquiridas en esa fecha. El Formulario 144 tambi茅n revela numerosas ventas en el mercado abierto por el mismo vendedor entre mayo y agosto de 2025, incluidas varias disposiciones significativas en un solo d铆a (por ejemplo, 110.600 acciones vendidas el 24/07/2025).
鞁犼碃鞚�: Robert I. Kauffman / Aldel LLC臧� Merrill Lynch (NYC)毳� 韱淀暣 Hagerty, Inc. 氤错喌欤� 28,704欤茧ゼ 毵り皝頃橂牑電� Form 144毳� 鞝滌稖頄堨姷雼堧嫟.
頃措嫻 鞝滌稖靹滊電� 鞓堨爼霅� 毵り皝鞚� 齑� 鞁滉皜齑濎暋鞚� $316,278鞛勳潉 旮办灛頃橁碃 鞛堨溂氅�, 90,942,223欤检潣 氚滍枆欤检嫕靾橂ゼ 氇呾嫓頃橁碃 鞛堨姷雼堧嫟. 頃措嫻 歃濌秾鞚� Hagerty鞚� 旮办梾瓴绊暕瓿� 甏�霠悳 PIPE 鞛愱笀臁半嫭鞚� 鞚柬櫂鞙茧 2021/12/02鞐� 旆摑霅橃棃瓿�, 攴鸽偁 3,500,000欤缄皜 旆摑霅� 瓴冹溂搿� 旮半霅橃柎 鞛堨姷雼堧嫟. 霕愴暅 Form 144電� 霃欖澕 韺愲Г鞛愱皜 2025雲� 5鞗旍棎靹� 8鞗� 靷澊鞐� 鞐煬 彀 鞛レ櫢鞁滌灔 毵り皝鞚� 頃� 靷嫟鞚� 瓿店皽頃橁碃 鞛堨溂氅�, 雼澕鞚� 雽�攴滊 觳橂秳霃� 氇� 彀 韽暔霅橃柎 鞛堨姷雼堧嫟(鞓�: 2025/07/24鞐� 110,600欤� 毵り皝).
D茅posant : Robert I. Kauffman / Aldel LLC a d茅pos茅 un formulaire 144 proposant de vendre 28 704 actions ordinaires de Hagerty, Inc. via Merrill Lynch (NYC).
Le d茅p么t indique une valeur de march茅 agr茅g茅e de 316 278 $ pour la vente pr茅vue et mentionne 90 942 223 actions en circulation. Les titres ont 茅t茅 acquis le 02/12/2021 dans le cadre d鈥檜n financement PIPE li茅 脿 la fusion d鈥檈ntreprise de Hagerty, avec 3 500 000 actions enregistr茅es comme acquises 脿 cette date. Le formulaire 144 r茅v猫le 茅galement de nombreuses ventes en march茅 ouvert par le m锚me vendeur entre mai et ao没t 2025, incluant plusieurs cessions importantes en une seule journ茅e (par exemple, 110 600 actions vendues le 24/07/2025).
Einreicher: Robert I. Kauffman / Aldel LLC reichte ein Formular 144 ein, in dem der Verkauf von 28.704 Stammaktien der Hagerty, Inc. 眉ber Merrill Lynch (NYC) vorgeschlagen wird.
Die Einreichung weist einen Gesamtmarktwert von $316.278 f眉r den geplanten Verkauf aus und listet 90.942.223 ausstehende Aktien. Die Wertpapiere wurden am 02.12.2021 im Rahmen einer PIPE-Finanzierung im Zusammenhang mit der Unternehmenszusammenf眉hrung von Hagerty erworben; f眉r dieses Datum sind 3.500.000 erworbene Aktien verzeichnet. Das Formular 144 offenbart au脽erdem zahlreiche Verk盲ufe am offenen Markt durch denselben Verk盲ufer im Zeitraum Mai鈥揂ugust 2025, darunter mehrere gro脽e Einzeltransaktionen (z. B. 110.600 Aktien, verkauft am 24.07.2025).
- Disclosure completeness: The Form 144 provides required details including broker, acquisition date, acquisition method (PIPE), number of shares to be sold, and aggregate market value.
- Brokered sale: Proposed sale routed through a major broker (Merrill Lynch), indicating use of an established execution channel.
- Substantial past dispositions: The filing lists extensive open-market sales by the same seller across May鈥揂ugust 2025, including large single-day sales such as 110,600 shares on 07/24/2025.
- Potential liquidity signal: Repeated sales by an insider entity may indicate significant insider liquidity extraction (documented but not interpreted beyond the facts).
Insights
TL;DR: Insider entity proposes a modest sale relative to outstanding shares but has executed many recent open-market sales.
The filing shows a planned sale of 28,704 shares valued at $316,278 via Merrill Lynch. The securities were acquired in a PIPE on 12/02/2021. While the planned sale size is small relative to the issuer's 90,942,223 shares outstanding, the record of repeated sales from the same seller across May鈥揂ugust 2025 is notable for investors tracking insider liquidity. This disclosure is factual and consistent with Rule 144 reporting requirements.
TL;DR: Form 144 appears to meet disclosure requirements and documents prior and proposed sales; no regulatory noncompliance is evident from the text.
The document identifies the broker, acquisition date, method (PIPE), and a series of executed sales with dates and gross proceeds, satisfying the elements required for a Rule 144 notice. The signer represents no undisclosed material adverse information. The filing does not include anything indicating a failure to comply with Rule 144 based on the provided content.
Dichiarante: Robert I. Kauffman / Aldel LLC ha presentato un Modulo 144 proponendo la vendita di 28.704 azioni ordinarie di Hagerty, Inc. tramite Merrill Lynch (NYC).
La comunicazione indica un valore di mercato complessivo di $316.278 per la vendita prevista e riporta 90.942.223 azioni in circolazione. I titoli sono stati acquisiti il 02/12/2021 nell'ambito di un finanziamento PIPE collegato alla business combination di Hagerty, con 3.500.000 azioni registrate come acquisite in quella data. Il Modulo 144 segnala inoltre numerose vendite sul mercato aperto dallo stesso venditore tra maggio e agosto 2025, incluse diverse cessioni rilevanti in singole giornate (ad esempio, 110.600 azioni vendute il 24/07/2025).
Declarante: Robert I. Kauffman / Aldel LLC present贸 un Formulario 144 proponiendo vender 28.704 acciones comunes de Hagerty, Inc. a trav茅s de Merrill Lynch (NYC).
La presentaci贸n muestra un valor de mercado agregado de $316,278 para la venta prevista y enumera 90.942.223 acciones en circulaci贸n. Los valores se adquirieron el 02/12/2021 como parte de una financiaci贸n PIPE relacionada con la combinaci贸n de negocios de Hagerty, con 3.500.000 acciones registradas como adquiridas en esa fecha. El Formulario 144 tambi茅n revela numerosas ventas en el mercado abierto por el mismo vendedor entre mayo y agosto de 2025, incluidas varias disposiciones significativas en un solo d铆a (por ejemplo, 110.600 acciones vendidas el 24/07/2025).
鞁犼碃鞚�: Robert I. Kauffman / Aldel LLC臧� Merrill Lynch (NYC)毳� 韱淀暣 Hagerty, Inc. 氤错喌欤� 28,704欤茧ゼ 毵り皝頃橂牑電� Form 144毳� 鞝滌稖頄堨姷雼堧嫟.
頃措嫻 鞝滌稖靹滊電� 鞓堨爼霅� 毵り皝鞚� 齑� 鞁滉皜齑濎暋鞚� $316,278鞛勳潉 旮办灛頃橁碃 鞛堨溂氅�, 90,942,223欤检潣 氚滍枆欤检嫕靾橂ゼ 氇呾嫓頃橁碃 鞛堨姷雼堧嫟. 頃措嫻 歃濌秾鞚� Hagerty鞚� 旮办梾瓴绊暕瓿� 甏�霠悳 PIPE 鞛愱笀臁半嫭鞚� 鞚柬櫂鞙茧 2021/12/02鞐� 旆摑霅橃棃瓿�, 攴鸽偁 3,500,000欤缄皜 旆摑霅� 瓴冹溂搿� 旮半霅橃柎 鞛堨姷雼堧嫟. 霕愴暅 Form 144電� 霃欖澕 韺愲Г鞛愱皜 2025雲� 5鞗旍棎靹� 8鞗� 靷澊鞐� 鞐煬 彀 鞛レ櫢鞁滌灔 毵り皝鞚� 頃� 靷嫟鞚� 瓿店皽頃橁碃 鞛堨溂氅�, 雼澕鞚� 雽�攴滊 觳橂秳霃� 氇� 彀 韽暔霅橃柎 鞛堨姷雼堧嫟(鞓�: 2025/07/24鞐� 110,600欤� 毵り皝).
D茅posant : Robert I. Kauffman / Aldel LLC a d茅pos茅 un formulaire 144 proposant de vendre 28 704 actions ordinaires de Hagerty, Inc. via Merrill Lynch (NYC).
Le d茅p么t indique une valeur de march茅 agr茅g茅e de 316 278 $ pour la vente pr茅vue et mentionne 90 942 223 actions en circulation. Les titres ont 茅t茅 acquis le 02/12/2021 dans le cadre d鈥檜n financement PIPE li茅 脿 la fusion d鈥檈ntreprise de Hagerty, avec 3 500 000 actions enregistr茅es comme acquises 脿 cette date. Le formulaire 144 r茅v猫le 茅galement de nombreuses ventes en march茅 ouvert par le m锚me vendeur entre mai et ao没t 2025, incluant plusieurs cessions importantes en une seule journ茅e (par exemple, 110 600 actions vendues le 24/07/2025).
Einreicher: Robert I. Kauffman / Aldel LLC reichte ein Formular 144 ein, in dem der Verkauf von 28.704 Stammaktien der Hagerty, Inc. 眉ber Merrill Lynch (NYC) vorgeschlagen wird.
Die Einreichung weist einen Gesamtmarktwert von $316.278 f眉r den geplanten Verkauf aus und listet 90.942.223 ausstehende Aktien. Die Wertpapiere wurden am 02.12.2021 im Rahmen einer PIPE-Finanzierung im Zusammenhang mit der Unternehmenszusammenf眉hrung von Hagerty erworben; f眉r dieses Datum sind 3.500.000 erworbene Aktien verzeichnet. Das Formular 144 offenbart au脽erdem zahlreiche Verk盲ufe am offenen Markt durch denselben Verk盲ufer im Zeitraum Mai鈥揂ugust 2025, darunter mehrere gro脽e Einzeltransaktionen (z. B. 110.600 Aktien, verkauft am 24.07.2025).
FAQ
What does the Form 144 for Hagerty, Inc. (HGTY) disclose?
When were the shares to be sold acquired according to the filing?
How many Hagerty shares are outstanding per the filing?
Who is the broker handling the proposed sale in the Form 144?
Does the filing list past sales by the same seller?
