Harris Laurie 4
4 · Hagerty, Inc. · Filed Apr 8, 2026
Research Summary
AI-generated summary of this filing
Hagerty (HGTY) Director Laurie Harris Sells 5,531 Shares
What Happened
Laurie Harris, a director of Hagerty, Inc. (HGTY), disposed of 5,531 shares on April 7, 2026 in an open-market sale. The weighted-average price reported was $11.01, for total proceeds of roughly $60,896. This was a sale (not a purchase) and represents a routine sell-to-cover transaction tied to tax withholding on vested restricted stock units, not a discretionary trade.
Key Details
- Transaction date: 2026-04-07; filing date: 2026-04-08 (timely filed).
- Executed in multiple trades at prices ranging $10.91–$11.10; weighted average $11.01; proceeds ≈ $60,896.
- Shares disposed: 5,531 (transaction code S = Sale).
- Shares owned after transaction: not specified in the Form 4 provided.
- Footnotes: (F1) Sale was automatic under a Rule 10b5-1 trading plan adopted Nov 10, 2025 and was a "sell-to-cover" to satisfy tax withholding for RSU vesting; (F2) multiple-trade execution details available upon request to SEC staff/issuer/security holders.
- Not marked as late; filing appears timely.
Context
Sell-to-cover transactions executed under 10b5-1 plans are common for covering tax obligations tied to equity awards and are generally viewed as administrative rather than a signal of insider sentiment. Retail investors should note such sales are different from discretionary insider selling; purchases or large discretionary sales can be more informative about an insider’s view.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-04-07$11.01/sh−5,531$60,896→ 36,689 total
Footnotes (2)
- [F1]The sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 10, 2025, and does not represent a discretionary transaction. The reported sale represents a "sell to cover" transaction and equals the number of shares required to be sold by the Reporting Person to satisfy tax withholding obligations in connection with the vesting of the Reporting Person's restricted stock units.
- [F2]This transaction was executed in multiple trades at prices ranging from $10.91 to $11.10. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.