Hagerty, Inc. filed a Form 8-K with the SEC on September 11, 2026, disclosing the closing of a secondary stock offering in which 10,637,500 shares of Class A common stock were sold at $11.95 per share.

Key Highlights

  • Selling stockholder: Hagerty Holding Corp. sold the shares; no proceeds went to Hagerty, Inc. itself.
  • Total shares sold: 10,637,500 shares of Class A common stock, par value $0.0001 per share.
  • Public offering price: $11.95 per share.
  • Overallotment fully exercised: Underwriters exercised in full a 30-day option to purchase up to 1,387,500 additional shares.
  • Lead underwriters: Wells Fargo Securities, LLC and J.P. Morgan Securities LLC served as representatives of the underwriting group.
  • Offering closed: September 11, 2026, under Registration No. 333-261810.

Hagerty Holding Corp. Completes Secondary Sale of Class A Shares

According to the filing, Hagerty, Inc. (NYSE:HGTY), The Hagerty Group, LLC, and Hagerty Holding Corp. entered into an underwriting agreement on September 9, 2026, with Wells Fargo Securities, LLC and J.P. Morgan Securities LLC acting as representatives of the several underwriters. Under that agreement, the Selling Stockholder, Hagerty Holding Corp., agreed to sell an initial 9,250,000 shares of Class A common stock at a public offering price of $11.95 per share.

The underwriters were also granted a 30-day option to purchase up to an additional 1,387,500 shares. According to the filing, the underwriters exercised that option in full, bringing the total shares sold in the offering to 10,637,500. The offering closed on September 11, 2026, and was conducted pursuant to an effective registration statement previously filed with the SEC under Registration No. 333-261810.

The filing notes that the underwriting agreement contains "customary representations, warranties and agreements of the parties, conditions to closing, and indemnification obligations of the parties." DLA Piper LLP (US) provided a legal opinion regarding the validity of the shares sold, a copy of which was filed as Exhibit 5.1. The company also disclosed that a press release announcing the pricing of the offering was issued on September 9, 2026, and is attached as Exhibit 99.1. The 8-K was signed by Diana M. Chafey, Chief Legal Officer and Corporate Secretary of Hagerty, Inc.

What Was Disclosed

Hagerty, Inc. disclosed the terms and closing of a secondary share offering by Hagerty Holding Corp., totaling 10,637,500 Class A shares sold at $11.95 each, with the underwriters' overallotment option exercised in full and the transaction closing on September 11, 2026.