Hagerty Holding Corp., 10% at Hagerty, Inc., Sells Shares Worth $122.0 million

Hagerty, Inc. (HGTY) disclosed that Hagerty Holding Corp., who holds the position of 10% at the company, was involved in selling 10,637,500 shares, per a Form 4 filing with the SEC.

The transaction was executed at a price of $11.47 per share, for a total value of approximately $122.0 million.

Company insiders are required to disclose changes in their stock ownership to the SEC on Form 4, typically within two business days of the trade.

Sales by insiders often reflect routine portfolio management or pre-scheduled trading plans rather than a view on the company's prospects.