DELANEY KEVIN M 4

What Happened

• Kevin M. Delaney, Hagerty's Chief Accounting Officer, disposed of a total of 12,870 shares across transactions on June 30 and July 1, 2026. Transactions reported: 905 shares sold on 2026-06-30 at $12.01 ($10,869); 9,440 shares sold on 2026-07-01 at $12.10 ($114,224); and 2,525 shares disposed on 2026-07-01 in connection with payment of tax liability (reported at $12.06, $30,452). Aggregate proceeds/consideration were about $155,545. These were dispositions (sales/withholding), not purchases.

Key Details

• Dates & prices:
  • 2026-06-30: 905 shares sold @ $12.01 (reported weighted average; trades ranged $12.00–$12.03).
  • 2026-07-01: 9,440 shares sold @ $12.10 (reported weighted average; trades ranged $12.00–$12.23).
  • 2026-07-01: 2,525 shares disposed/payment of tax liability @ $12.06 (withheld for taxes on RSU vesting).
• Shares owned after the transactions: Not specified in the summary provided.
• Notable footnotes from the filing:
  • Sales were executed under a Rule 10b5-1 trading plan (adopted March 5, 2026), per the filing.
  • Some trades were executed in multiple tranches; prices shown are weighted averages.
  • The 2,525-share disposition represents shares withheld to satisfy tax withholding on vested RSUs per the RSU agreement dated July 1, 2023.
• Filing timeliness: Filing dated July 2, 2026 reports trades through July 1, 2026; the filing does not indicate a late report in the provided data.

Context

• The 2,525-share entry reflects tax withholding on vested restricted stock units (RSUs), not an open-market sale of newly acquired shares. The presence of a 10b5-1 plan indicates at least some sales were pre-scheduled, which can limit the trades’ informational value about insider views. These are routine insider dispositions rather than purchases (which are often interpreted as more bullish).