[Form 4] Hagerty, Inc. Insider Trading Activity
Robert I. Kauffman, a director of Hagerty, Inc. (HGTY), reported sales of Class A common stock in August 2025. The filing discloses dispositions of 1,455,000 shares on 08/11/2025 and 218,250 shares on 08/13/2025 sold pursuant to a registered secondary offering, including the exercise in full of the underwriters' option. The filing states the net proceeds per share were $8.9197, which reflects the $9.34 public offering price less underwriting discounts of $0.4203 per share.
The shares sold were held by Aldel LLC; Kauffman is identified as manager of Aldel LLC and disclaims beneficial ownership except to the extent of his pecuniary interest. The table also lists an additional disposition of 67,302 shares without a transaction date or price in the form.
Robert I. Kauffman, membro del consiglio di Hagerty, Inc. (HGTY), ha comunicato la vendita di azioni ordinarie di Classe A nell'agosto 2025. La documentazione rivela disposizioni di 1,455,000 azioni in data 08/11/2025 e di 218,250 azioni in data 08/13/2025, vendute nell'ambito di un'offerta secondaria registrata, comprensive dell'esercizio integrale dell'opzione degli underwriter. Il deposito indica che i proventi netti per azione sono stati $8.9197, cifra che riflette il prezzo di offerta pubblica di $9.34 al netto degli sconti di sottoscrizione pari a $0.4203 per azione.
Le azioni vendute erano detenute da Aldel LLC; Kauffman 猫 identificato come manager di Aldel LLC e dichiara di non detenere la propriet脿 beneficiaria, salvo per l'estensione del suo interesse pecuniario. La tabella riporta inoltre una ulteriore cessione di 67,302 azioni senza data di transazione o prezzo nel modulo.
Robert I. Kauffman, director de Hagerty, Inc. (HGTY), inform贸 ventas de acciones ordinarias Clase A en agosto de 2025. El documento revela disposiciones de 1,455,000 acciones el 08/11/2025 y 218,250 acciones el 08/13/2025, vendidas en el marco de una oferta secundaria registrada, incluyendo el ejercicio total de la opci贸n de los aseguradores. El formulario indica que los ingresos netos por acci贸n fueron $8.9197, lo que refleja el precio de oferta p煤blica de $9.34 menos descuentos de suscripci贸n de $0.4203 por acci贸n.
Las acciones vendidas estaban en poder de Aldel LLC; Kauffman figura como gerente de Aldel LLC y renuncia a la titularidad beneficiaria salvo en la medida de su inter茅s pecuniario. La tabla tambi茅n enumera una disposici贸n adicional de 67,302 acciones sin fecha ni precio de transacci贸n en el formulario.
搿滊矂韸� I. 旃错攧毵�(Robert I. Kauffman)鞚� Hagerty, Inc. (HGTY)鞚� 鞚挫偓搿滌劀 2025雲� 8鞗旍棎 韥措灅鞀� A 氤错喌欤� 毵り皝鞚� 鞁犼碃頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐愲姅 08/11/2025鞐� 1,455,000欤�, 08/13/2025鞐� 218,250欤检潣 觳橂秳鞚� 霌彪霅� 2彀� 瓿店皽 毵り皝鞐� 霐半澕 鞚措（鞏挫鞙茧┌ 鞚胳垬鞚� 鞓奠厴鞚� 鞝勲秬 頄夓偓霃� 韽暔霅� 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 靹滊鞐愲姅 欤茧嫻 靾滌垬旆笀鞎§澊 $8.9197搿� 旮办灛霅橃柎 鞛堨溂氅�, 鞚措姅 瓿惦臧� $9.34鞐愳劀 欤茧嫻 鞚胳垬 頃犾澑鞎� $0.4203鞚� 彀皭頃� 旮堨暋鞛呺媹雼�.
毵る弰霅� 欤检嫕鞚� Aldel LLC臧� 氤挫湢頃橁碃 鞛堨棃瓿�, 旃错攧毵岇潃 Aldel LLC鞚� 毵る媹鞝�搿� 旮办灛霅橃柎 鞛堨溂氅� 鞛愳嫚鞚� 旮堨爠鞝� 鞚挫澋鞚� 氙胳箻電� 氩旍渼毳� 鞝滌櫢頃橁碃 靾橃澋鞝� 靻岇湢甓岇潉 攵�鞚疙暅雼り碃 氇呾嫓頄堨姷雼堧嫟. 響滌棎電� 瓯半灅鞚检瀽雮� 臧�瓴╈澊 旮办灛霅橃 鞎婌潃 於旉皜 觳橂秳 67,302欤茧弰 旮办灛霅橃柎 鞛堨姷雼堧嫟.
Robert I. Kauffman, administrateur de Hagerty, Inc. (HGTY), a d茅clar茅 des ventes d'actions ordinaires de classe A en ao没t 2025. Le d茅p么t r茅v猫le des cessions de 1,455,000 actions le 08/11/2025 et de 218,250 actions le 08/13/2025, vendues dans le cadre d'une offre secondaire enregistr茅e, incluant l'exercice int茅gral de l'option des souscripteurs. Le document indique que le produit net par action 茅tait de $8.9197, ce qui refl猫te le prix d'offre publique de $9.34 moins des d茅cotes de souscription de $0.4203 par action.
Les actions vendues 茅taient d茅tenues par Aldel LLC ; Kauffman est identifi茅 comme gestionnaire d'Aldel LLC et d茅cline toute propri茅t茅 b茅n茅ficiaire, sauf dans la mesure de son int茅r锚t p茅cuniaire. Le tableau mentionne 茅galement une cession additionnelle de 67,302 actions sans date ni prix de transaction dans le formulaire.
Robert I. Kauffman, ein Direktor von Hagerty, Inc. (HGTY), meldete Verk盲ufe von Stammaktien der Klasse A im August 2025. Die Einreichung gibt Ver盲u脽erungen von 1,455,000 Aktien am 08/11/2025 und 218,250 Aktien am 08/13/2025 an, die im Rahmen eines registrierten Sekund盲rangebots verkauft wurden, einschlie脽lich der vollst盲ndigen Aus眉bung der Option der Underwriter. Die Einreichung f眉hrt an, dass der Nettoerl枚s je Aktie $8.9197 betrug, was dem 枚ffentlichen Angebotspreis von $9.34 abz眉glich Underwriting-Abschl盲gen von $0.4203 je Aktie entspricht.
Die verkauften Aktien wurden von Aldel LLC gehalten; Kauffman ist als Manager von Aldel LLC benannt und bestreitet wirtschaftliches Eigentum, au脽er in dem Umfang seines pecuni盲ren Interesses. Die Tabelle listet au脽erdem eine zus盲tzliche Ver盲u脽erung von 67,302 Aktien ohne Transaktionsdatum oder Preis im Formular auf.
- Transactions executed pursuant to a registered secondary offering, indicating the shares were sold through an organized, disclosed offering process
- Net per-share price disclosed ($8.9197), with the filing specifying the public offering price ($9.34) and underwriting discount ($0.4203)
- Large insider dispositions reported (1,455,000 and 218,250 shares), which materially reduce the reported indirect holdings held by Aldel LLC
- One line shows a disposition of 67,302 shares without a transaction date or price, an incomplete detail in the table
Insights
TL;DR: Director reported sales totaling 1,673,250 Class A shares via a registered secondary offering at a net price of $8.9197 per share.
The Form 4 shows two dated dispositions: 1,455,000 shares on 08/11/2025 and 218,250 shares on 08/13/2025, executed in connection with the issuer's registered secondary offering and the underwriters' exercised option. The filing quantifies the net price per share ($8.9197) and shows Aldel LLC's post-transaction holdings, with the reporting person acting as manager and disclaiming beneficial ownership except for pecuniary interest. These are clear compliance disclosures of material insider dispositions.
TL;DR: Insider dispositions were disclosed and tied to an underwritten offering; indirect ownership and a partial unexplained line are noted.
The Form 4 properly reports the director's role as manager of Aldel LLC and the transfers executed through the registered offering, including the over-allotment exercise. The filing also contains an additional line showing a disposition of 67,302 shares without accompanying date or price details; that omission is factual and limits full traceability of that specific entry. Overall, the disclosure documents material insider sales and the relationship to Aldel LLC.
Robert I. Kauffman, membro del consiglio di Hagerty, Inc. (HGTY), ha comunicato la vendita di azioni ordinarie di Classe A nell'agosto 2025. La documentazione rivela disposizioni di 1,455,000 azioni in data 08/11/2025 e di 218,250 azioni in data 08/13/2025, vendute nell'ambito di un'offerta secondaria registrata, comprensive dell'esercizio integrale dell'opzione degli underwriter. Il deposito indica che i proventi netti per azione sono stati $8.9197, cifra che riflette il prezzo di offerta pubblica di $9.34 al netto degli sconti di sottoscrizione pari a $0.4203 per azione.
Le azioni vendute erano detenute da Aldel LLC; Kauffman 猫 identificato come manager di Aldel LLC e dichiara di non detenere la propriet脿 beneficiaria, salvo per l'estensione del suo interesse pecuniario. La tabella riporta inoltre una ulteriore cessione di 67,302 azioni senza data di transazione o prezzo nel modulo.
Robert I. Kauffman, director de Hagerty, Inc. (HGTY), inform贸 ventas de acciones ordinarias Clase A en agosto de 2025. El documento revela disposiciones de 1,455,000 acciones el 08/11/2025 y 218,250 acciones el 08/13/2025, vendidas en el marco de una oferta secundaria registrada, incluyendo el ejercicio total de la opci贸n de los aseguradores. El formulario indica que los ingresos netos por acci贸n fueron $8.9197, lo que refleja el precio de oferta p煤blica de $9.34 menos descuentos de suscripci贸n de $0.4203 por acci贸n.
Las acciones vendidas estaban en poder de Aldel LLC; Kauffman figura como gerente de Aldel LLC y renuncia a la titularidad beneficiaria salvo en la medida de su inter茅s pecuniario. La tabla tambi茅n enumera una disposici贸n adicional de 67,302 acciones sin fecha ni precio de transacci贸n en el formulario.
搿滊矂韸� I. 旃错攧毵�(Robert I. Kauffman)鞚� Hagerty, Inc. (HGTY)鞚� 鞚挫偓搿滌劀 2025雲� 8鞗旍棎 韥措灅鞀� A 氤错喌欤� 毵り皝鞚� 鞁犼碃頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐愲姅 08/11/2025鞐� 1,455,000欤�, 08/13/2025鞐� 218,250欤检潣 觳橂秳鞚� 霌彪霅� 2彀� 瓿店皽 毵り皝鞐� 霐半澕 鞚措（鞏挫鞙茧┌ 鞚胳垬鞚� 鞓奠厴鞚� 鞝勲秬 頄夓偓霃� 韽暔霅� 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 靹滊鞐愲姅 欤茧嫻 靾滌垬旆笀鞎§澊 $8.9197搿� 旮办灛霅橃柎 鞛堨溂氅�, 鞚措姅 瓿惦臧� $9.34鞐愳劀 欤茧嫻 鞚胳垬 頃犾澑鞎� $0.4203鞚� 彀皭頃� 旮堨暋鞛呺媹雼�.
毵る弰霅� 欤检嫕鞚� Aldel LLC臧� 氤挫湢頃橁碃 鞛堨棃瓿�, 旃错攧毵岇潃 Aldel LLC鞚� 毵る媹鞝�搿� 旮办灛霅橃柎 鞛堨溂氅� 鞛愳嫚鞚� 旮堨爠鞝� 鞚挫澋鞚� 氙胳箻電� 氩旍渼毳� 鞝滌櫢頃橁碃 靾橃澋鞝� 靻岇湢甓岇潉 攵�鞚疙暅雼り碃 氇呾嫓頄堨姷雼堧嫟. 響滌棎電� 瓯半灅鞚检瀽雮� 臧�瓴╈澊 旮办灛霅橃 鞎婌潃 於旉皜 觳橂秳 67,302欤茧弰 旮办灛霅橃柎 鞛堨姷雼堧嫟.
Robert I. Kauffman, administrateur de Hagerty, Inc. (HGTY), a d茅clar茅 des ventes d'actions ordinaires de classe A en ao没t 2025. Le d茅p么t r茅v猫le des cessions de 1,455,000 actions le 08/11/2025 et de 218,250 actions le 08/13/2025, vendues dans le cadre d'une offre secondaire enregistr茅e, incluant l'exercice int茅gral de l'option des souscripteurs. Le document indique que le produit net par action 茅tait de $8.9197, ce qui refl猫te le prix d'offre publique de $9.34 moins des d茅cotes de souscription de $0.4203 par action.
Les actions vendues 茅taient d茅tenues par Aldel LLC ; Kauffman est identifi茅 comme gestionnaire d'Aldel LLC et d茅cline toute propri茅t茅 b茅n茅ficiaire, sauf dans la mesure de son int茅r锚t p茅cuniaire. Le tableau mentionne 茅galement une cession additionnelle de 67,302 actions sans date ni prix de transaction dans le formulaire.
Robert I. Kauffman, ein Direktor von Hagerty, Inc. (HGTY), meldete Verk盲ufe von Stammaktien der Klasse A im August 2025. Die Einreichung gibt Ver盲u脽erungen von 1,455,000 Aktien am 08/11/2025 und 218,250 Aktien am 08/13/2025 an, die im Rahmen eines registrierten Sekund盲rangebots verkauft wurden, einschlie脽lich der vollst盲ndigen Aus眉bung der Option der Underwriter. Die Einreichung f眉hrt an, dass der Nettoerl枚s je Aktie $8.9197 betrug, was dem 枚ffentlichen Angebotspreis von $9.34 abz眉glich Underwriting-Abschl盲gen von $0.4203 je Aktie entspricht.
Die verkauften Aktien wurden von Aldel LLC gehalten; Kauffman ist als Manager von Aldel LLC benannt und bestreitet wirtschaftliches Eigentum, au脽er in dem Umfang seines pecuni盲ren Interesses. Die Tabelle listet au脽erdem eine zus盲tzliche Ver盲u脽erung von 67,302 Aktien ohne Transaktionsdatum oder Preis im Formular auf.
FAQ
What insider transactions did Hagerty (HGTY) disclose on this Form 4?
At what price were the HGTY shares sold by the reporting person?
Why were the shares sold according to the Form 4?
Who is the reporting person and what is their relationship to Hagerty (HGTY)?
What does the Form 4 say about Aldel LLC and beneficial ownership?
