Hagerty Selling Stockholder Prices 10 Million Shares at $14.85 Each

Hagerty, The Hagerty Group and Hagerty Holding entered into an underwriting agreement for a public offering of 10 million shares of Hagerty Class A common stock at $14.85 per share. Hagerty Holding, the selling stockholder, is selling the shares, so the offering proceeds go to the selling stockholder rather than Hagerty. The underwriters also received a 30-day option to purchase up to 1.5 million additional shares; the offering closed on November 12, 2026.

Agreement details:

• Agreement type: Underwriting agreement for a secondary stock offering
• Counterparty: J.P. Morgan Securities and Wells Fargo Securities
• Signed / Effective: Nov 10 2026 / Nov 12 2026
• Duration / Termination: 30-day option to purchase up to 1.5 million additional shares
• Reason: Enable Hagerty Holding to sell shares in a public offering

Original SEC Filing: Hagerty, Inc. [ HGTY ] - 8-K - Nov. 12, 2026