Robert I. Kauffman - May 15, 2025 Form 4 Insider Report for Hagerty, Inc. (HGTY)

Role
Director
Signature
/s/ Tracey Derenzy, Power of Attorney
Stock symbol
HGTY
Transactions as of
May 15, 2025
Transactions value $
-$435,810
Form type
4
Date filed
5/19/2025, 05:09 PM
Previous filing
May 14, 2025
Next filing
May 22, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
KAUFFMAN ROBERT I Director 105 S. MAPLE STREET, ITASCA /s/ Tracey Derenzy, Power of Attorney 2025-05-19 0001124462

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HGTY Class A Common Stock Sale -$117K -12K -0.3% $9.72 3.98M May 15, 2025 By Aldel LLC F1, F2, F3
transaction HGTY Class A Common Stock Sale -$81K -8.36K -0.21% $9.69 3.97M May 16, 2025 By Aldel LLC F1, F3, F4
transaction HGTY Class A Common Stock Sale -$238K -24.1K -0.61% $9.86 3.95M May 19, 2025 By Aldel LLC F1, F3, F5
holding HGTY Class A Common Stock 67.3K May 15, 2025 Direct
* 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 9, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $9.65 to $9.81. 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. 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.
F4 This transaction was executed in multiple trades at prices ranging from $9.60 to $9.75. 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.
F5 This transaction was executed in multiple trades at prices ranging from $9.57 to $9.99. 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.