Harris Laurie 4

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.