Hagerty, Inc. (NYSE: HGTY) announced on September 9, 2026, that Hagerty Holding Corp. intends to offer 8,250,000 shares of the company's Class A Common Stock in an underwritten secondary public offering.
The Selling Stockholder, Hagerty Holding Corp., will also grant the underwriters a 30-day option to purchase up to an additional 1,237,500 shares of Class A Common Stock.
Hagerty will not receive any proceeds from the sale of these shares. The Selling Stockholder will bear the underwriting discount, while Hagerty will bear the remaining expenses.
According to the filing, the net proceeds from the sale of these shares will be used to effect a redemption, for the benefit of the Kim Hagerty Revocable Trust, of a corresponding number of its Hagerty Holding Corp. shares.
Wells Fargo Securities and J.P. Morgan are acting as representatives of the underwriters and lead bookrunning managers for the offering.
The offering is being made pursuant to a registration statement that has been declared effective by the Securities and Exchange Commission.
