Hagerty, Inc. announced on November 10, 2026 the pricing of a secondary offering of 10,000,000 shares of Class A Common Stock by selling stockholder Hagerty Holding Corp. at $14.85 per share, with an expected closing on or about November 12, 2026.

Key Highlights

  • Offering size upsized to 10,000,000 shares of Class A Common Stock, offered by Hagerty Holding Corp. as the sole selling stockholder.
  • Price to the public set at $14.85 per share, according to the filing.
  • Underwriters received a 30-day option to purchase up to an additional 1,500,000 shares from the selling stockholder.
  • Hagerty will receive none of the proceeds; the selling stockholder will also bear underwriting discounts and commissions.
  • Net proceeds will fund a redemption of a corresponding number of HHC shares for the benefit of the Kim Hagerty Revocable Trust, as advised to Hagerty by HHC.
  • J.P. Morgan and Wells Fargo Securities are acting as representatives of the underwriters and lead bookrunning managers.

Hagerty Holding Corp. Secondary Sale Details and Use of Proceeds

According to the filing, Hagerty, Inc. (NYSE:HGTY), headquartered in Traverse City, Michigan, disclosed the pricing of a secondary offering that was upsized to 10,000,000 shares of its Class A Common Stock. The shares are being sold entirely by Hagerty Holding Corp., described in the filing as the "Selling Stockholder." The offering price was set at $14.85 per share, and closing is expected on or about November 12, 2026, subject to the satisfaction of customary closing conditions.

The filing states that Hagerty will not receive any proceeds from the sale. The selling stockholder will bear the underwriting discounts and commissions. HHC advised Hagerty that the net proceeds from its share sales will be used "to effect a redemption, for the benefit of the Kim Hagerty Revocable Trust, of a corresponding number of its HHC shares," according to the filing. In connection with the offering, the selling stockholder granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares.

The filing identifies J.P. Morgan and Wells Fargo Securities as representatives of the underwriters and lead bookrunning managers. BMO Capital Markets, Citizens Capital Markets, Keefe, Bruyette and Woods (a Stifel Company), and Oppenheimer and Co. are listed as additional bookrunning managers. The filing notes that the offering is being made only by means of a prospectus supplement and an accompanying base prospectus, with a registration statement that has been filed with and declared effective by the SEC. The filing also contains forward-looking statements, which the company states are its own and subject to its cautionary language.

What Was Disclosed

Hagerty, Inc. disclosed the pricing terms of an upsized 10,000,000-share secondary offering by Hagerty Holding Corp. at $14.85 per share, with an overallotment option for 1,500,000 additional shares. Hagerty receives no proceeds; funds go to redeem HHC shares for the Kim Hagerty Revocable Trust.