Hagerty Holding Corp. filed an amended statement of changes in beneficial ownership with the SEC on November 13, 2026, covering two conversion and sale transactions in Class A Common Stock of Hagerty, Inc. (NYSE:HGTY) that occurred on November 10 and November 12, 2026.

Key Highlights

  • First conversion: On November 10, 2026, Hagerty Holding Corp. converted 10,000,000 Paired Interests into 10,000,000 shares of Class A Common Stock under the Amended and Restated Exchange Agreement.
  • First sale: Those 10,000,000 shares were then sold at $14.33 per share on November 10, 2026, leaving the reporting person with 0 direct shares from that tranche.
  • Second conversion: On November 12, 2026, an additional 1,500,000 Paired Interests were converted into 1,500,000 shares of Class A Common Stock under the same Exchange Agreement.
  • Second sale: Those 1,500,000 shares were sold at $14.33 per share on November 12, 2026, again resulting in 0 directly held shares from that tranche.
  • Remaining derivative holdings: Following both transactions, Hagerty Holding Corp. holds 144,414,656 Class V Common Stock units (Paired Interests) directly.
  • Relationship to issuer: Hagerty Holding Corp. is identified in the filing as a 10% owner of Hagerty, Inc.

Hagerty Holding Corp. Exchange and Sale Transactions in November 2026

According to the amended filing, Hagerty Holding Corp. surrendered a combined 11,500,000 Paired Interests to Hagerty, Inc. across two separate dates in November 2026. Each "Paired Interest," as described in the filing, consists of one share of Class V Common Stock of the issuer and one unit of limited liability company interest of The Hagerty Group, LLC ("OpCo"), and may be surrendered under the Exchange Agreement in exchange for a share of Class A Common Stock or, at the option of the issuer, cash. The Exchange Agreement referenced is the Amended and Restated Exchange Agreement dated as of December 2, 2021 and amended and restated as of March 23, 2022, among Hagerty, Inc., OpCo, the reporting person, Markel Corporation, and each of their respective Qualified Transferees.

In the first transaction on November 10, 2026, the reporting person received 10,000,000 shares of Class A Common Stock via conversion code "C," then disposed of all 10,000,000 shares in a sale coded "S" at $14.33 per share. A second, smaller conversion followed on November 12, 2026, with 1,500,000 Paired Interests exchanged for 1,500,000 Class A shares, which were also sold in full at $14.33 per share on the same date. After both sales, the reporting person held no directly owned Class A Common Stock from either tranche. The filing notes that the original filing for the November 12 transaction was dated November 12, 2026, with this amendment filed November 13, 2026.

Hagerty, Inc. operates as a specialty insurance and automotive enthusiast membership company focused on classic and collector vehicles. Hagerty Holding Corp., based in Traverse City, Michigan, holds its economic interest in Hagerty, Inc. primarily through Paired Interests in OpCo, which underlies the Class V Common Stock structure. The filing disclosed that 144,414,656 Paired Interests remain beneficially owned directly by Hagerty Holding Corp. following the reported transactions. The filing was signed by Jessica Sullivan, Secretary of Hagerty Holding Corp.

What Was Disclosed

The filing reported the conversion of 11,500,000 Paired Interests into Class A Common Stock and the subsequent sale of all resulting shares at $14.33 each by Hagerty Holding Corp., a 10% owner of Hagerty, Inc., on November 10 and November 12, 2026.