[144] Hagerty, Inc. SEC Filing
Hagerty, Inc. (HGTY) Form 144 filing reporting proposed sale of common shares by Aldel LLC/Robert I. Kauffman. The notice identifies a proposed sale of 7,668 common shares through Merrill Lynch on the NYSE with an aggregate market value of $83,351, against 90,942,223 shares outstanding. The filer states the shares were acquired on 12/02/2021 as part of a PIPE connected to Hagerty's business combination and were paid in stock.
The filing also lists extensive secondary-market sales by the same account from 05/20/2025 through 08/22/2025, including multiple large blocks (for example, 98,766 shares on 07/09/2025 and 110,600 shares on 07/24/2025). The form includes the required representation that the seller has no undisclosed material adverse information.
Hagerty, Inc. (HGTY) comunicazione Form 144 che segnala la proposta vendita di azioni ordinarie da parte di Aldel LLC/Robert I. Kauffman. L鈥檃vviso indica la proposta di vendita di 7.668 azioni ordinarie tramite Merrill Lynch sulla NYSE per un valore di mercato complessivo di $83.351, su un totale di 90.942.223 azioni in circolazione. Il dichiarante specifica che le azioni sono state acquistate il 12/02/2021 come parte di un PIPE collegato alla business combination di Hagerty e sono state pagate in azioni.
Il deposito riporta inoltre numerose vendite sul mercato secondario dallo stesso conto tra 20/05/2025 e 22/08/2025, incluse pi霉 cessioni di grandi blocchi (ad esempio, 98.766 azioni il 09/07/2025 e 110.600 azioni il 24/07/2025). Il modulo contiene anche la dichiarazione richiesta secondo cui il venditore non possiede informazioni materiali avverse non divulgate.
Hagerty, Inc. (HGTY) presentaci贸n del Formulario 144 que informa de la propuesta de venta de acciones ordinarias por Aldel LLC/Robert I. Kauffman. El aviso identifica una propuesta de venta de 7.668 acciones ordinarias a trav茅s de Merrill Lynch en la NYSE con un valor de mercado agregado de $83.351, sobre 90.942.223 acciones en circulaci贸n. El declarante indica que las acciones se adquirieron el 12/02/2021 como parte de un PIPE vinculado a la combinaci贸n empresarial de Hagerty y se pagaron en acciones.
La presentaci贸n tambi茅n lista extensas ventas en el mercado secundario por la misma cuenta desde el 20/05/2025 hasta el 22/08/2025, incluyendo m煤ltiples bloques grandes (por ejemplo, 98.766 acciones el 09/07/2025 y 110.600 acciones el 24/07/2025). El formulario incluye la representaci贸n requerida de que el vendedor no posee informaci贸n adversa material no divulgada.
Hagerty, Inc. (HGTY) Form 144 鞝滌稖: Aldel LLC/Robert I. Kauffman鞚� 氤错喌欤� 毵る弰 鞝滌晥 氤搓碃. 頃措嫻 韱奠電� NYSE鞐愳劀 Merrill Lynch毳� 韱淀暣 齑� 鞁滉皜 鞎� $83,351鞚� 7,668欤� 氤错喌欤� 毵る弰 鞝滌晥鞚� 鞁濍硠頃橂┌, 齑� 氚滍枆欤检嫕 靾橂姅 90,942,223欤检瀰雼堧嫟. 鞝滌稖鞛愲姅 頃措嫻 欤检嫕鞚� Hagerty鞚� 靷梾 頃╇硲瓿� 甏�霠悳 PIPE鞚� 鞚柬櫂鞙茧 12/02/2021鞐� 旆摑霅橃棃瓿� 欤检嫕鞙茧 歆�旮夒悩鞐堧嫟瓿� 氇呾嫓頃╇媹雼�.
頃措嫻 鞁犼碃靹滌棎電� 霕愴暅 臧欖潃 瓿勳爼鞚� 甏戨矓鞙勴暅 2彀� 鞁滌灔 毵る弰臧� 05/20/2025攵赌韯� 08/22/2025旯岇 鞚措（鞏挫鞚岇澊 旮办灛霅橃柎 鞛堨溂氅�, 雼れ垬鞚� 雽�霟� 敫旊 毵る弰(鞓�: 98,766欤�(07/09/2025), 110,600欤�(07/24/2025))臧� 韽暔霅橃柎 鞛堨姷雼堧嫟. 靹滌嫕鞐愲姅 韺愲Г鞛愱皜 氙戈车臧� 欷戨寑頃� 攵堧Μ 鞝曤炒臧� 鞐嗠嫟電� 頃勳垬 歆勳垹霃� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Hagerty, Inc. (HGTY) d茅p么t du Formulaire 144 signalant une proposition de vente d'actions ordinaires par Aldel LLC/Robert I. Kauffman. L'avis indique une proposition de vente de 7 668 actions ordinaires via Merrill Lynch sur le NYSE pour une valeur marchande totale de $83 351, sur 90 942 223 actions en circulation. Le d茅clarant pr茅cise que les actions ont 茅t茅 acquises le 12/02/2021 dans le cadre d'un PIPE li茅 脿 la fusion d'entreprise de Hagerty et ont 茅t茅 pay茅es en actions.
Le d茅p么t 茅num猫re 茅galement de nombreuses ventes sur le march茅 secondaire par le m锚me compte du 20/05/2025 au 22/08/2025, incluant plusieurs blocs importants (par exemple 98 766 actions le 09/07/2025 et 110 600 actions le 24/07/2025). Le formulaire comprend la d茅claration requise selon laquelle le vendeur ne d茅tient pas d'informations d茅favorables importantes non divulgu茅es.
Hagerty, Inc. (HGTY) Form 144-Einreichung meldet geplanten Verkauf von Stammaktien durch Aldel LLC/Robert I. Kauffman. Die Mitteilung benennt einen geplanten Verkauf von 7.668 Stammaktien 眉ber Merrill Lynch an der NYSE mit einem Gesamtmarktwert von $83.351, bei insgesamt 90.942.223 ausstehenden Aktien. Der Einreicher gibt an, dass die Aktien am 12/02/2021 im Rahmen einer PIPE im Zusammenhang mit Hagertys Unternehmenszusammenschluss erworben und in Aktien bezahlt wurden.
Die Einreichung listet au脽erdem umfangreiche Verk盲ufe am Sekund盲rmarkt durch dasselbe Konto vom 20/05/2025 bis zum 22/08/2025 auf, einschlie脽lich mehrerer gro脽er Bl枚cke (zum Beispiel 98.766 Aktien am 09/07/2025 und 110.600 Aktien am 24/07/2025). Das Formular enth盲lt die erforderliche Erkl盲rung, dass der Verk盲ufer keine nicht offengelegten wesentlichen negativen Informationen besitzt.
- Rule 144 compliance: The filer submitted a formal notice for the proposed sale, providing transparency to the market.
- Acquisition provenance disclosed: The filing states the shares were acquired on 12/02/2021 in a PIPE tied to Hagerty's business combination, clarifying origin of holdings.
- Extensive secondary sales listed: Multiple sales from 05/20/2025 to 08/22/2025, including large blocks (e.g., 98,766 on 07/09/2025 and 110,600 on 07/24/2025), indicate significant disposition by an affiliated holder.
- Potential market pressure signal: Repeated large sales by Aldel LLC/Robert I. Kauffman could be perceived negatively by investors as reduced insider conviction.
Insights
TL;DR: Routine Rule 144 disclosure showing continued disposition by an affiliated holder; material only if aggregate sales are large versus float.
The filing documents a proposed small block sale of 7,668 shares and a long list of prior sales by Aldel LLC/Robert I. Kauffman over a three-month span. This is a standard compliance disclosure under Rule 144 that notifies the market of insider/affiliate selling activity. Key datapoints are the acquisition date (12/02/2021) tied to a PIPE, the nature of payment (stock), and the outstanding share count (90,942,223), which provides context for the scale of sales. Without consolidated totals of shares sold or percentage of the holder's stake, direct valuation or dilution impact is unclear from this form alone.
TL;DR: Repeated large sales by an affiliated holder raise governance and signaling questions, though the filing itself is a compliance disclosure.
The form confirms that Aldel LLC, connected to Robert I. Kauffman, acquired 3,500,000 shares in the PIPE and has executed numerous market sales through mid鈥�2025, including multiple large single鈥慸ay blocks. Frequent disposition by a founding/affiliated holder can be material to investor perception of insider confidence and may exert selling pressure. The filing properly includes the seller's attestation regarding undisclosed material information and provides acquisition provenance, which supports compliance with securities rules.
Hagerty, Inc. (HGTY) comunicazione Form 144 che segnala la proposta vendita di azioni ordinarie da parte di Aldel LLC/Robert I. Kauffman. L鈥檃vviso indica la proposta di vendita di 7.668 azioni ordinarie tramite Merrill Lynch sulla NYSE per un valore di mercato complessivo di $83.351, su un totale di 90.942.223 azioni in circolazione. Il dichiarante specifica che le azioni sono state acquistate il 12/02/2021 come parte di un PIPE collegato alla business combination di Hagerty e sono state pagate in azioni.
Il deposito riporta inoltre numerose vendite sul mercato secondario dallo stesso conto tra 20/05/2025 e 22/08/2025, incluse pi霉 cessioni di grandi blocchi (ad esempio, 98.766 azioni il 09/07/2025 e 110.600 azioni il 24/07/2025). Il modulo contiene anche la dichiarazione richiesta secondo cui il venditore non possiede informazioni materiali avverse non divulgate.
Hagerty, Inc. (HGTY) presentaci贸n del Formulario 144 que informa de la propuesta de venta de acciones ordinarias por Aldel LLC/Robert I. Kauffman. El aviso identifica una propuesta de venta de 7.668 acciones ordinarias a trav茅s de Merrill Lynch en la NYSE con un valor de mercado agregado de $83.351, sobre 90.942.223 acciones en circulaci贸n. El declarante indica que las acciones se adquirieron el 12/02/2021 como parte de un PIPE vinculado a la combinaci贸n empresarial de Hagerty y se pagaron en acciones.
La presentaci贸n tambi茅n lista extensas ventas en el mercado secundario por la misma cuenta desde el 20/05/2025 hasta el 22/08/2025, incluyendo m煤ltiples bloques grandes (por ejemplo, 98.766 acciones el 09/07/2025 y 110.600 acciones el 24/07/2025). El formulario incluye la representaci贸n requerida de que el vendedor no posee informaci贸n adversa material no divulgada.
Hagerty, Inc. (HGTY) Form 144 鞝滌稖: Aldel LLC/Robert I. Kauffman鞚� 氤错喌欤� 毵る弰 鞝滌晥 氤搓碃. 頃措嫻 韱奠電� NYSE鞐愳劀 Merrill Lynch毳� 韱淀暣 齑� 鞁滉皜 鞎� $83,351鞚� 7,668欤� 氤错喌欤� 毵る弰 鞝滌晥鞚� 鞁濍硠頃橂┌, 齑� 氚滍枆欤检嫕 靾橂姅 90,942,223欤检瀰雼堧嫟. 鞝滌稖鞛愲姅 頃措嫻 欤检嫕鞚� Hagerty鞚� 靷梾 頃╇硲瓿� 甏�霠悳 PIPE鞚� 鞚柬櫂鞙茧 12/02/2021鞐� 旆摑霅橃棃瓿� 欤检嫕鞙茧 歆�旮夒悩鞐堧嫟瓿� 氇呾嫓頃╇媹雼�.
頃措嫻 鞁犼碃靹滌棎電� 霕愴暅 臧欖潃 瓿勳爼鞚� 甏戨矓鞙勴暅 2彀� 鞁滌灔 毵る弰臧� 05/20/2025攵赌韯� 08/22/2025旯岇 鞚措（鞏挫鞚岇澊 旮办灛霅橃柎 鞛堨溂氅�, 雼れ垬鞚� 雽�霟� 敫旊 毵る弰(鞓�: 98,766欤�(07/09/2025), 110,600欤�(07/24/2025))臧� 韽暔霅橃柎 鞛堨姷雼堧嫟. 靹滌嫕鞐愲姅 韺愲Г鞛愱皜 氙戈车臧� 欷戨寑頃� 攵堧Μ 鞝曤炒臧� 鞐嗠嫟電� 頃勳垬 歆勳垹霃� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Hagerty, Inc. (HGTY) d茅p么t du Formulaire 144 signalant une proposition de vente d'actions ordinaires par Aldel LLC/Robert I. Kauffman. L'avis indique une proposition de vente de 7 668 actions ordinaires via Merrill Lynch sur le NYSE pour une valeur marchande totale de $83 351, sur 90 942 223 actions en circulation. Le d茅clarant pr茅cise que les actions ont 茅t茅 acquises le 12/02/2021 dans le cadre d'un PIPE li茅 脿 la fusion d'entreprise de Hagerty et ont 茅t茅 pay茅es en actions.
Le d茅p么t 茅num猫re 茅galement de nombreuses ventes sur le march茅 secondaire par le m锚me compte du 20/05/2025 au 22/08/2025, incluant plusieurs blocs importants (par exemple 98 766 actions le 09/07/2025 et 110 600 actions le 24/07/2025). Le formulaire comprend la d茅claration requise selon laquelle le vendeur ne d茅tient pas d'informations d茅favorables importantes non divulgu茅es.
Hagerty, Inc. (HGTY) Form 144-Einreichung meldet geplanten Verkauf von Stammaktien durch Aldel LLC/Robert I. Kauffman. Die Mitteilung benennt einen geplanten Verkauf von 7.668 Stammaktien 眉ber Merrill Lynch an der NYSE mit einem Gesamtmarktwert von $83.351, bei insgesamt 90.942.223 ausstehenden Aktien. Der Einreicher gibt an, dass die Aktien am 12/02/2021 im Rahmen einer PIPE im Zusammenhang mit Hagertys Unternehmenszusammenschluss erworben und in Aktien bezahlt wurden.
Die Einreichung listet au脽erdem umfangreiche Verk盲ufe am Sekund盲rmarkt durch dasselbe Konto vom 20/05/2025 bis zum 22/08/2025 auf, einschlie脽lich mehrerer gro脽er Bl枚cke (zum Beispiel 98.766 Aktien am 09/07/2025 und 110.600 Aktien am 24/07/2025). Das Formular enth盲lt die erforderliche Erkl盲rung, dass der Verk盲ufer keine nicht offengelegten wesentlichen negativen Informationen besitzt.
FAQ
What does Hagerty (HGTY) Form 144 filed by Aldel LLC report?
When were the shares being sold by Aldel LLC acquired?
How many shares outstanding does Hagerty report in the Form 144?
Are there any large single-day disposals noted in the filing?
Does the filer state there is any undisclosed material information?
