DGICA director discloses initial share and option stake

DONEGAL GROUP INC director Michael Kevin Callahan filed an initial ownership report showing his current equity stake in the company.

Rhea-AI Filing Summary

DONEGAL GROUP INC director Michael Kevin Callahan filed an initial ownership report showing his current equity stake in the company. He directly holds 17,708 shares of Class A Common Stock. He also holds stock options covering 3,000 Class A shares at an exercise price of $15.76 per share, expiring on December 19, 2029, and options covering 1,500 Class A shares at an exercise price of $13.87 per share, expiring on December 21, 2028. This filing records existing holdings rather than new market purchases or sales.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider CALLAHAN MICHAEL KEVIN

Role Director

Type	Security	Shares	Price	Value
holding	Options	--	--	--
holding	Options	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Options — 4,500 contracts (Direct); Class A Common Stock — 17,708 shares (Direct)

Key Figures

Direct Class A shares: 17,708 shares Option grant 1 exercise price: $15.76 per share Option grant 1 underlying shares: 3,000 shares +2 more

5 metrics

Direct Class A shares 17,708 shares Directly held following reported holdings

Option grant 1 exercise price $15.76 per share Options over 3,000 Class A shares, expire December 19, 2029

Option grant 1 underlying shares 3,000 shares Class A Common Stock underlying options at $15.76 exercise price

Option grant 2 exercise price $13.87 per share Options over 1,500 Class A shares, expire December 21, 2028

Option grant 2 underlying shares 1,500 shares Class A Common Stock underlying options at $13.87 exercise price

Key Terms

Class A Common Stock, Options, exercise price, expiration date

4 terms

Class A Common Stock financial

"security_title": "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Options financial

"security_title": "Options""

Options are contracts that give investors the right to buy or sell an asset at a specific price within a certain time frame. They function like a reservation or a ticket that allows for potential profit or protection against price changes, making them useful tools for managing investment risks or speculating on market movements.

exercise price financial

"conversion_or_exercise_price": "15.7600""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

expiration date financial

"expiration_date": "2029-12-19T00:00:00.000Z""

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the DGICA Form 3 filing by Michael Kevin Callahan show?

The Form 3 shows director Michael Kevin Callahan’s existing ownership in DONEGAL GROUP INC, including 17,708 Class A shares and stock options over 4,500 additional Class A shares at specified exercise prices and expiration dates.

How many DONEGAL GROUP INC (DGICA) Class A shares does Callahan own?

Michael Kevin Callahan directly owns 17,708 shares of DONEGAL GROUP INC Class A Common Stock. This position reflects his current direct equity stake as reported in his initial insider ownership statement filed with regulators.

What stock options does Callahan hold in DONEGAL GROUP INC (DGICA)?

Callahan holds options over 3,000 Class A shares with a $15.76 exercise price expiring December 19, 2029, and options over 1,500 Class A shares with a $13.87 exercise price expiring December 21, 2028, all reported as directly owned.

Does the DGICA Form 3 indicate recent insider buying or selling?

The Form 3 reflects existing holdings, not new transactions. It lists Callahan’s direct ownership of 17,708 Class A shares and two option grants but does not report recent market purchases or sales of DONEGAL GROUP INC stock.

Why is a Form 3 important for DONEGAL GROUP INC (DGICA) investors?

Form 3 establishes a baseline of an insider’s holdings when they become subject to reporting rules. For DGICA, it shows Callahan’s share and option positions, helping investors understand his current direct economic exposure to the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding Insider Trading Forms →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/24/2026 - 09:31 AM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

CALLAHAN MICHAEL KEVIN

(Last) (First) (Middle)

1195 RIVER ROAD

(Street)

MARIETTA PENNSYLVANIA 17547

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/16/2026

3. Issuer Name and Ticker or Trading Symbol
DONEGAL GROUP INC [ DGICA ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	17,708	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options	07/01/2024	12/21/2028	Class A Common Stock	1,500	$13.87	D
Options	07/01/2025	12/19/2029	Class A Common Stock	3,000	$15.76	D

Explanation of Responses:

Remarks:

	Jeffrey D. Miller, by power of attorney	04/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)