KAUFFMAN ROBERT I 4

What Happened
Robert I. Kauffman, a director of Hagerty, Inc. (HGTY), was awarded 11,871 restricted stock units (RSUs) on April 1, 2026. The Form 4 shows an acquisition at $0.00 (i.e., no cash paid at grant). These RSUs convert into shares of Class A common stock upon vesting rather than representing an immediate open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-01; filed with the SEC on 2026-04-03 (filed within the typical two-business-day Form 4 window).
• Award: 11,871 RSUs; reported price in filing: $0.00 (grant, not a cash purchase).
• Shares owned after the transaction: not specified in the filing.
• Footnote F1: RSUs represent Class A common stock under the 2021 Equity Incentive Plan and vest on April 1, 2027, subject to continued service (exceptions for death or disability).
• Footnote F2: Some or all of the reported securities are held of record by Aldel LLC; Kauffman is the manager and has voting/investment discretion but disclaims beneficial ownership except to the extent of his pecuniary interest.

Context
RSU grants are compensation awards that vest over time; they do not indicate an immediate market purchase or sale and are only converted into actual shares if the vesting conditions are met. Because these RSUs vest on April 1, 2027 (subject to service), they are a deferred equity award rather than an indication of current buying or selling activity.