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Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell.
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Nov 12, 2026
Reporting period
Not applicable
Filed with the SEC
Nov 13, 2026
10% ownerOption exercise
Context
Classification
option exercise
Code C — exercise or conversion of a derivative security
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0000905148-26-004788
Filed / recorded
Nov 13, 2026, 9:56 PM UTC
Added to OQRO
Nov 13, 2026, 10:00 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
Hagerty, Inc.
Issuer CIK
1840776
Ticker
HGTY
Reporting person
MARKEL GROUP INC.
Relationship
10% owner
Security
Class A Common Stock
Table
Non-derivative (Table I)
Transaction date
Nov 12, 2026
Transaction code
C
Shares / units
4,693,570
Acquired / disposed
Acquired (A)
Shares owned after
15,637,981
Ownership form
Direct
Amendment
No
Footnotes from the filing
In connection with an underwritten secondary offering of shares of Class A Common Stock by Hagerty Holding Corp. that closed on November 12, 2026, and pursuant to the terms of the Amended and Restated Exchange Agreement, the Reporting Person exchanged 4,693,570 Paired Interests for, at the election of the Issuer, an equal number of shares of Class A Common Stock.
Each share of Class V Common Stock is paired with one unit of limited liability company interest of The Hagerty Group, LLC (each, an "OpCo Unit" and, together with each corresponding share of Class V Common Stock, a "Paired Interest"). Each Paired Interest has no expiration date and is exchangeable, at the option of the holder, on a one-for-one basis for a share of Class A Common Stock of the Issuer or, at the option of the Issuer, an equivalent value in cash, pursuant to the Exchange Agreement, dated as of December 2, 2021, and amended and restated as of March 23, 2022, among the Reporting Person, The Hagerty Group, LLC, Hagerty Holding Corp., and the Issuer (the "Amended and Restated Exchange Agreement"). Each share of Class V Common Stock has no incidents of economic ownership and has ten (10) votes per share until the earlier of (i) December 2, 2036, and (ii) transfer to a non-qualified transferee, after which it has one (1) vote per share.
Every dated public record OQRO holds about the company from 60 days before to 120 days after, oldest first. It shows what was going on; none of it is a stated reason for the trade.
