MARKEL GROUP INC. - 11 Sep 2026 Form 4 Insider Report for Hagerty, Inc. (HGTY)

Reporting relationship: 10%+ Owner
Issuer ticker: HGTY
Reported as of: 11 Sep 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 14 Sep 2026, 16:10:55 UTC
Prior SEC filing: 08 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/ Richard R. Grinnan, Senior Vice President, Chief Legal Officer and Secretary

Key filing fact

MARKEL GROUP INC. filed Form 4 for Hagerty, Inc. (HGTY) on 14 Sep 2026.

Key facts

This page summarizes MARKEL GROUP INC.'s Form 4 filing for Hagerty, Inc. (HGTY).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 14 Sep 2026, 16:10.

Change

Previous filing in this sequence was filed on 08 Jul 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001096343 Primary reporting owner

MARKEL GROUP INC.

Relationship: 10%+ Owner
Address: 4521 HIGHWOODS PARKWAY, GLEN ALLEN
Signature: /s/ Richard R. Grinnan, Senior Vice President, Chief Legal Officer and Secretary
Signature date: 14 Sep 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HGTY transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares: +7,836,411
Change %: +252%
Price
Shares after: 10,944,411
Date: 11 Sep 2026
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HGTY transaction Derivative

Class V Common Stock

Conversion of derivative security

Transaction value
Shares: -7,836,411
Change %: -10%
Price
Shares after: 67,163,589
Date: 11 Sep 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 7,836,411
Exercise price
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Each share of Class V Common Stock is paired with one unit of limited liability company interest of The Hagerty Group, LLC (each, an "OpCo Unit" and, together with each corresponding share of Class V Common Stock, a "Paired Interest"). Each Paired Interest has no expiration date and is exchangeable, at the option of the holder, on a one-for-one basis for a share of Class A Common Stock of the Issuer or, at the option of the Issuer, an equivalent value in cash, pursuant to the Exchange Agreement, dated as of December 2, 2021, and amended and restated as of March 23, 2022, among the Reporting Person, The Hagerty Group, LLC, Hagerty Holding Corp., and the Issuer (the "Amended and Restated Exchange Agreement"). Each share of Class V Common Stock has no incidents of economic ownership and has ten (10) votes per share until the earlier of (i) December 2, 2036, and (ii) transfer to a non-qualified transferee, after which it has one (1) vote per share.

Footnote F2

In connection with an underwritten secondary offering of shares of Class A Common Stock by Hagerty Holding Corp. that closed on September 11, 2026, and pursuant to the terms of the Amended and Restated Exchange Agreement, the Reporting Person exchanged 7,836,411 Paired Interests for, at the election of the Issuer, an equal number of shares of Class A Common Stock.