Markel Group Inc. maintains 42% stake after secondary offering, enters lock-up

What did Hagerty, Inc. announce?

Markel Group Inc. reported an unchanged 42% beneficial ownership in Hagerty, Inc. following a secondary offering and entered into a lock-up agreement.

Key details

• Markel Group Inc. beneficially owns 79,380,264 shares of Class A Common Stock, representing approximately 42% of the outstanding shares.
• The stake includes 67,163,589 Class V Common Stock shares and OpCo Units, and 1,272,264 Class A Common Stock shares convertible from Series A Preferred Stock.
• Markel Group entered a lock-up agreement restricting transfers of its shares for 60 days following the public offering date.
• The reporting person exchanged 7,836,411 shares of Class V Common Stock and OpCo Units for an equal number of Class A Common Stock shares in connection with the secondary offering.

Why it matters

This 13D/A reports a change in ownership at Hagerty, Inc.. The likely share-price reaction reads as neutral.

More from Hagerty, Inc.

• 4

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  10% owner sells $122.0M in stock, not under 10b5-1 plan
• 13D/A

  Sep 11, 2026
  Hagerty Holding Corp. sells 10.6M shares at $11.95, reduces stake to 56.5%
• 8-K

  Sep 11, 2026
  Announces Pricing of Upsized Secondary Offering of Class A Common Stock
• 8-K

  Sep 9, 2026
  Announces secondary public offering of Class A Common Stock

All Hagerty, Inc. SEC filings →