Hagerty, Inc. Announces Secondary Offering of 10.64M Class A Shares

What Happened
Hagerty, Inc. announced a secondary offering by a selling stockholder (Hagerty Holding Corp.) in which 10,637,500 shares of Class A common stock were sold at $11.95 per share. The underwriting agreement, dated September 9, 2026, named Wells Fargo Securities, LLC and J.P. Morgan Securities LLC as representatives of the underwriters; the underwriters exercised their 30‑day option in full. The offering closed on September 11, 2026. A legal opinion from DLA Piper LLP (US) regarding validity of the shares is filed with the 8‑K.

Key Details

• Total shares sold: 10,637,500 Class A shares (9,250,000 initial shares + 1,387,500 shares from full exercise of underwriter option).
• Public offering price: $11.95 per share.
• Underwriters: Wells Fargo Securities, LLC and J.P. Morgan Securities LLC.
• Closing date: September 11, 2026. The transaction was made under a previously effective SEC registration statement.

Why It Matters
This was a selling-stockholder (secondary) transaction — the shares were sold by a stockholder, not newly issued by the company — so Hagerty did not receive proceeds from the sale and its cash position or reported revenues are unaffected. Investors should note the increase in shares available for trading resulting from the sale, which can affect supply and short-term market dynamics, but this filing does not report any company financial results or management changes.