Robert I. Kauffman

Activist

First SEC filing: Feb. 14, 2025 · Latest: Feb. 14, 2025

On this page

Insider at Companies where this person is a reporting insider.
Insider transactions Every share this person bought or sold, from Form 4 filings.
Derivatives Options and other derivative holdings reported by this person.
Initial holdings The stakes this person held when they first started reporting.

Insider at

Insider transactions

0 buys (P) 12 sells (S) Net: $-3,221,243 + 13 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

13 other filings hidden

Date	Ticker	Code	Shares	Price	Value	Owned after	Δ own	A/D	vs now
July 10, 2026	GNL	A	4,055	$8.94	$36,252	70,303 Direct	+6.12%	Acquired	1.0% (price as of 2026-08-20)
May 21, 2026	GNL	A	13,859	$9.38	$129,997	66,248 Direct	+26.45%	Acquired	-3.7% (price as of 2026-08-20)
April 10, 2026	GNL	A	3,873	$9.36	$36,251	52,389 Direct	+7.98%	Acquired	-3.5% (price as of 2026-08-20)
Jan. 1, 2026	GNL	A	4,215	$8.60	$36,249	48,516 Direct	+9.51%	Acquired	5.0% (price as of 2026-08-20)
Oct. 27, 2025	ALDFW	J	12,500	—	—	87,500 Direct	-12.50%	Disposed	(price as of 2026-08-20)
Oct. 1, 2025	GNL	A	4,693	$8.19	$38,436	44,301 Direct	+11.85%	Acquired	10.3% (price as of 2026-08-20)
Sept. 16, 2025	HGTY	S 10b5-1	17,622	$12.46	$219,570	1,221,389 Indirect	-1.42%	Disposed	2.8% (price as of 2026-08-20)
Sept. 15, 2025	HGTY	S 10b5-1	11,433	$12.79	$146,228	1,239,011 Indirect	-0.91%	Disposed	0.2% (price as of 2026-08-20)
Sept. 8, 2025	HGTY	S 10b5-1	38,085	$12.01	$457,401	1,250,444 Indirect	-2.96%	Disposed	6.7% (price as of 2026-08-20)
Sept. 3, 2025	HGTY	S 10b5-1	41,699	$11.31	$471,616	1,288,529 Indirect	-3.13%	Disposed	13.3% (price as of 2026-08-20)
Sept. 2, 2025	HGTY	S 10b5-1	22,295	$11.19	$249,481	1,330,228 Indirect	-1.65%	Disposed	14.5% (price as of 2026-08-20)
Aug. 29, 2025	HGTY	S 10b5-1	62,500	$11.23	$701,875	1,352,523 Indirect	-4.42%	Disposed	14.1% (price as of 2026-08-20)
Aug. 28, 2025	HGTY	S 10b5-1	28,736	$11.21	$322,131	1,415,023 Indirect	-1.99%	Disposed	14.3% (price as of 2026-08-20)
Aug. 27, 2025	HGTY	S 10b5-1	28,704	$11.08	$318,040	1,443,759 Indirect	-1.95%	Disposed	15.6% (price as of 2026-08-20)
Aug. 26, 2025	HGTY	S 10b5-1	9,844	$10.76	$105,921	1,472,463 Indirect	-0.66%	Disposed	19.1% (price as of 2026-08-20)
Aug. 25, 2025	HGTY	S 10b5-1	7,668	$10.87	$83,351	1,482,307 Indirect	-0.51%	Disposed	17.8% (price as of 2026-08-20)
Aug. 22, 2025	HGTY	S 10b5-1	6,081	$10.92	$66,405	1,489,975 Indirect	-0.41%	Disposed	17.3% (price as of 2026-08-20)
Aug. 21, 2025	HGTY	S 10b5-1	7,356	$10.77	$79,224	1,496,056 Indirect	-0.49%	Disposed	18.9% (price as of 2026-08-20)
July 1, 2025	GNL	A	4,605	$7.55	$34,768	39,608 Direct	+13.16%	Acquired	19.6% (price as of 2026-08-20)
June 5, 2025	GNL	A	17,195	—	—	35,003 Direct	+96.56%	Acquired	(price as of 2026-08-20)
Oct. 23, 2024	ALDFW	P	1,000,000	—	—	1,000,000 Indirect	—	Acquired	(price as of 2026-08-20)
Oct. 23, 2024	ALDFW	P	238,750	—	—	238,750 Indirect	—	Acquired	(price as of 2026-08-20)
Oct. 23, 2024	ALDFW	P	477,500	—	—	477,500 Indirect	—	Acquired	(price as of 2026-08-20)
June 13, 2024	GNL	A	17,808	—	—	17,808 Direct	—	Acquired	(price as of 2026-08-20)
Dec. 2, 2021	HGTY	M	2,225,000	—	—	0 Direct	-100.00%	Disposed	(price as of 2026-08-20)
Dec. 2, 2021	HGTY	M	2,225,000	—	—	2,225,000 Direct	—	Acquired	(price as of 2026-08-20)
Dec. 2, 2021	HGTY	J	2,000,000	—	—	2,000,000 Indirect	—	Acquired	(price as of 2026-08-20)
April 12, 2021	HGTY	P	257,500	—	—	257,500 Indirect	—	Acquired	(price as of 2026-08-20)
April 12, 2021	HGTY	P	515,000	—	—	515,000 Indirect	—	Acquired	(price as of 2026-08-20)
April 12, 2021	HGTY	P	515,000	$10.00	$5,150,000	515,000 Indirect	—	Acquired	28.1% (price as of 2026-08-20)
April 9, 2021	HGTY	P	750,000	—	—	750,000 Indirect	—	Acquired	(price as of 2026-08-20)
April 9, 2021	HGTY	P	1,500,000	—	—	1,500,000 Indirect	—	Acquired	(price as of 2026-08-20)
Nov. 8, 2010	BKD	S	979,688	$18.76	$18,378,947	660,832 Direct	-59.72%	Disposed	-34.2% (price as of 2026-08-20)
Aug. 11, 2010	BKD	G	25,000	—	—	1,640,520 Direct	-1.50%	Disposed	(price as of 2026-08-20)
May 17, 2010	BKD	S	1,072,933	$18.36	$19,699,050	1,655,520 Direct	-39.32%	Disposed	-32.8% (price as of 2026-08-20)

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Derivative holdings (Form 4 Table II)

Options, RSUs and convertible securities reported on Form 4 Table II.

Date	Ticker	Security	Underlying	Exercise price	Expiration	Shares	A/D
Oct. 27, 2025	ALDFW	Class B ordinary shares	Class A Ordinary Shares, par value $0.0001 (12,500)	—	—	12,500	Disposed
Oct. 23, 2024	ALDFW	OTM Warrants [F6]	Class A Ordinary Shares, par value $0.0001 (1,000,000)	$15.00	—	1,000,000	Acquired
Oct. 23, 2024	ALDFW	Warrant [F1]	Class A Ordinary Shares, par value $0.0001 (238,750)	$11.50	—	238,750	Acquired
Dec. 2, 2021	HGTY	Class B Common Stock	Class A Common Stock	—	—	2,225,000	Disposed
April 12, 2021	HGTY	Warrant [F4]	Class A Common stock, par value $0.0001 (257,500)	$11.50	—	257,500	Acquired
April 9, 2021	HGTY	Warrant [F1]	Class A Common stock, par value $0.0001 (750,000)	$11.50	—	750,000	Acquired

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Initial ownership (Form 3) 4 holdings

Securities held when first becoming an insider, per SEC Form 3.

Date	Ticker	Security	Shares	Ownership
Oct. 21, 2024	ALDFW	Class B ordinary shares→ Class A ordinary shares (100,000)	100,000	Direct
Oct. 21, 2024	ALDFW	Class B ordinary shares→ Class A ordinary shares (5,470,714)	5,470,714	Indirect
April 13, 2021	HGTY	Class B common stock→ Class A common stock	—	Direct
Nov. 16, 2009	BKD	Common Stock	2,738,453	Direct