secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001193125-25-174511
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hagerty announces secondary offering of 8.7M shares by major stockholders
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- Selling stockholders (Hagerty Holding Corp and Aldel LLC) offer 8.7M shares of HGTY Class A common stock; underwriters have 30-day option for 1.305M additional shares.
- Hagerty receives no proceeds from the secondary offering; selling stockholders bear underwriting discount.
- HHC intends to use net proceeds to effect a redemption for benefit of estate of Kim Hagerty.
- Keefe Bruyette & Woods and J.P. Morgan are joint lead bookrunners; BMO, Citizens, Wells Fargo are additional bookrunners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000119312525174511/0001193125-25-174511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000119312525174511/d21566d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-174511

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