KAUFFMAN ROBERT I

Director Kauffman sells 91,307 shares across 3 trades (Oct 14-16) for $1,097,881.46; recent HGTY sales show positive 30d returns.

Robert I. Kauffman, Director, executed 3 separate sales totaling 91,307 shares for $1,097,881.46 over three consecutive trading days at an average price of $12.02, reducing his holdings by -8.5% from 1,079,049 to 987,742 shares. The current stock price of $11.44 is -12.1% from the 52-week high and down -7.8% over the past 30 days. Notably, Kauffman's 5 most recent prior sales at HGTY (all within the past 2 months) each showed positive 30-day returns ranging from +6.0% to +40.4%, indicating the stock rose after each sale. The company remains fundamentally strong with $368.7M quarterly revenue, 20.0% annual growth, and positive net income of $47.2M, though trading at a P/E of 39.45 suggests elevated valuation. The consistent pattern of positive 30-day post-sale returns across his recent HGTY transactions may reflect general market strength rather than insider-driven timing signals.

Director Kauffman sells 126,494 shares in 3 tranches (Aug 29–Sep 3) for $1,422,971.74; retains 1,288,529 shares post-sale

Robert I. Kauffman (Director) executed 3 separate sales totaling 126,494 shares for $1,422,971.74 between August 29 and September 3, 2025, at prices ranging from $11.19 to $11.31 per share (blended average $11.25). The sale reduces his holdings by 8.9% to 1,288,529 shares. At the same-ticker level, Kauffman has engaged in 5 prior sales at HGTY since July 22, 2025, all within the past ~6 weeks, though measurable 90-day outcomes on those trades are not yet available. His cross-ticker track record shows 19 prior sells with an 81.82% well-timed rate (90-day), suggesting historical strength in sell timing, but no prior measurement exists for his HGTY-specific sell execution. With the stock currently at $11.76 (near its 52-week high of $12.00) and up 9.4% in 30 days and 17.2% in 90 days, the timing context of recent and ongoing sales warrants observation as the next 90-day period unfolds.

Director Kauffman sells 1,673,250 shares at $8.92 for $14,924,888.03 across 2 transactions

Director Robert I Kauffman executed two separate sales totaling 1,673,250 shares for $14,924,888.03 at a blended average price of $8.92 on August 11–13, 2025, reducing his holdings by 52.7% from 3,176,662 to 1,503,412 shares. The sales occurred at prices notably below current market ($11.32), representing an 8.9% discount to today's level and well below the 52-week high of $12.10. Kauffman's cross-ticker history shows mixed timing: a 75.00% well-timed rate on sells (meaning 3 of 4 completed 90-day outcomes were negative returns after sale), but his five most recent trades at this ticker have all occurred in July–August 2025 and lack 90-day measurable outcomes yet—three from July 22–24 are only days old. The company shows strong fundamentals (20.0% annual revenue growth, $47.2M net income, P/E 39.03), and the stock has gained 13.2% in the past 30 days and 17.3% in 90 days; the large liquidation at depressed prices relative to recent momentum may signal timing uncertainty despite the subsequent price appreciation to $11.32.

Director Robert I. Kauffman sold 182,862 shares (5.4% of holdings) for $1.9M across 3 trades at HGTY; stock already -12.2% from 52-week high.

Robert I. Kauffman, a director of Hagerty, Inc., executed 3 separate sales totaling 182,862 shares for $1,893,225.78 between July 22–24, 2025, at a blended average price of $10.35, reducing his stake from 3,388,252 shares to 3,205,390 shares. Kauffman's cross-ticker track record shows 15 prior sells with a 90-day well-timed rate of 75.00%, indicating his past open-market sales have been positively predictive of subsequent stock declines. At the same ticker (HGTY), his 2 measurable prior sells in late 2024 were both well-timed, with 90-day returns of -15.3% and -14.3% respectively, establishing a pattern of selling ahead of downward moves. The current sell arrives as the stock trades at $10.63, down -12.2% from its 52-week high of $12.10, yet still above the transaction prices; the 90-day return data on these July 2025 sales will indicate whether this latest sequence extends his documented ability to exit positions before weakness.

Director Kauffman sold 149,975 shares at blended avg $10.07 across 3 days; holds 3.50M post-sale; all 5 prior HGTY trades well-timed at 90d

Robert I Kauffman executed 3 separate sales totaling 149,975 shares for $1,510,189.32 between July 9–11, 2025, at a blended average price of $10.07, reducing his stake from 3.65M to 3.50M shares (-4.1%). Critically, his prior 5 trades at Hagerty all delivered negative 90-day returns (ranging from -19.2% to -12.4%), demonstrating a consistent pattern of sales executed before subsequent declines; this insider's cross-ticker selling history also shows a 90-day well-timed rate of 75.00%. The current stock price of $10.00 sits -17.4% below the 52-week high of $12.10, and while the stock has rallied +4.7% over the past 30 days and +15.2% over 90 days, the director's demonstrated ability to exit prior HGTY positions ahead of weakness warrants attention to whether this sale signals expected near-term headwinds despite strong recent price momentum.

Director Kauffman sold 93,242 shares of HGTY at avg $11.80 in 3 separate trades (Nov 27–Dec 2), realizing $1,100,709.08; retains 4,567,344 shares.

Robert I. Kauffman executed 3 separate sales totaling 93,242 shares for $1,100,709.08 over a 5-day span (November 27 through December 2, 2024), at a blended average price of $11.80—just 1.9% below the 52-week high of $12.10 and near the current price of $11.87. Despite divesting these shares, Kauffman retains 4,567,344 shares post-transaction, indicating he maintains substantial exposure to the company. The sales occurred as HGTY trades at a notably elevated P/E of 51.61 and has gained 8.7% over the prior 30 days and 0.8% over 90 days. Notably, the prior 5 trades at this same ticker (all on consecutive trading days from November 20–26) were also all sales, establishing a pattern of sequential liquidations over 2 weeks; however, 90-day outcome measurement remains unavailable for these recent trades, limiting any timing assessment. The cross-ticker track record shows a 90-day well-timed rate of 0.00% on prior sells (average 90-day return after sells was +7.7%), suggesting historically weak timing discipline, though the current sales at elevated valuation multiples and near 52-week highs present a materially different context than the insider's historical pattern.

Hagerty director sells 97,171 shares across 3 days; remains heavily exposed with 4.66M shares post-sale

Director Robert I Kauffman executed 3 separate sales totaling 97,171 shares for $1,123,577.70 between November 19–26, at a blended average price of $11.56, reducing his holdings by -2.0% to 4,660,586 shares. Despite the sales, he retains a dominant position representing substantial equity stake in the company. The stock is trading at $11.67, slightly below the blended transaction price and -3.6% from its 52-week high of $12.10, though up +12.6% over the past 30 days. His prior sales at Hagerty (June 2024) saw the stock rise +8.4% to +11.0% within 30 days; both measurable same-ticker outcomes showed positive subsequent price movement, making those earlier sales poorly timed. Current sales timing cannot be assessed until outcome data accrues, but the recent batch of 3 sales in consecutive days may reflect rebalancing or liquidity needs rather than a directional view on the company.

Director Kauffman sold 141,959 shares ($1.6M) over 3 days at $11.17–$11.21; retains 4.76M shares

Robert I Kauffman, a Director at Hagerty, Inc., executed 3 separate sales totaling 141,959 shares for $1,587,213.55 across 2024-11-19 to 2024-11-21 at an average price of $11.18. The sales represent a 2.9% reduction in his holdings, leaving him with 4,757,757 shares post-transaction. Across his prior sales at Hagerty (3 trades in June 2024), Kauffman posted 30-day returns of +11.0%, +8.4%, and +3.6%, but none of those sales were well-timed at the 90-day mark, indicating the stock subsequently rose after each sale. The current share price of $11.51 is 4.9% below the 52-week high and 10.4% above the 30-day price level, placing this sale near recent strength but not at an extremum.

CEO Robert I Kauffman buys 477,500 ALDF shares at undisclosed price in initial open-market purchase

CEO Robert I Kauffman acquired 477,500 shares in his first open-market purchase of Aldel Financial II Inc., establishing an initial position from zero holdings. The transaction price was not disclosed, making it impossible to assess valuation context or compare against subsequent price action. While the transaction volume is substantial, the lack of pricing data and the CEO's minimal historical open-market trading activity (3 prior sells across other tickers with a 0.00% well-timed rate) provide limited basis for drawing conclusions about conviction or timing signals from this single acquisition.

Director Robert I. Kauffman sold 134,373 shares at blended average price $10.16 over three days (Jun 25-27), netting $1,365,175.93.

Robert I. Kauffman, a Director at Hagerty, Inc., executed 3 separate sales totaling 134,373 shares for $1,365,175.93 between June 25-27, 2024, at prices ranging from $9.89 to $10.45. This represents a -4.2% reduction in his holdings, leaving him with 3,028,027 shares post-transaction. The sales occurred near the 52-week high of $10.61, with the blended average price of $10.16 tracking close to the current price of $10.11. Hagerty's fundamentals show strong annual revenue growth of +27.0% and a quarterly revenue of $271,708,000.00, though the stock trades at a P/E of 67.40, suggesting elevated valuation expectations. The timing of these sales at elevated price levels, combined with the Director's retention of over 3 million shares, provides limited directional signal in isolation.