Robert I. Kauffman - May 13, 2024 Form 4 Insider Report for Hagerty, Inc. (HGTY)

Role
Director
Signature
/s/ Diana M. Chafey, Power of Attorney
Stock symbol
HGTY
Transactions as of
May 13, 2024
Transactions value $
-$23,517
Form type
4
Date filed
5/15/2024, 05:15 PM
Previous filing
May 10, 2024
Next filing
May 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HGTY Class A Common Stock Sale -$18.1K -2.01K -0.06% $9.03 3.4M May 13, 2024 By Aldel LLC F1, F2, F3
transaction HGTY Class A Common Stock Sale -$5.38K -597 -0.02% $9.02 3.4M May 14, 2024 By Aldel LLC F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 11, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $9.00 to $9.09. 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.
F3 Held by Aldel LLC. Mr. Kauffman is the manager of Aldel LLC and has voting and investment discretion with respect to the securities held of record by Aldel LLC. Mr. Kauffman disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F4 This transaction was executed in multiple trades at prices ranging from $9.00 to $9.05. 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.