Director Robert I. Kauffman's Substantial Common Stock Sell-Off

Hagerty Inc. director Robert I. Kauffman filed a Form 144 notice disclosing plans to sell 15,270 shares of common stock with an aggregate market value of $169,802. This follows an extensive series of transactions where Kauffman, through Aldel LLC, sold over 3.5 million shares acquired through December 2021 PIPE financing connected to Hagerty's business combination. The filing details 35 separate sales transactions occurring between July 3, 2025 and October 24, 2025, totaling approximately $6.8 million in gross proceeds. These sales represent a significant reduction in Kauffman's position, executed through Merrill Lynch on the NYSE. The shares being sold were originally acquired as part of strategic financing arrangements, with the current sales conducted under Rule 144 provisions.