DONEGAL GROUP INC (DGICA) director reports 17,708 shares and stock options
Filing Impact
Filing Sentiment
Form Type
3
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
CALLAHAN MICHAEL KEVIN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Options — 1,500 shares (Direct, null);
Class A Common Stock — 17,708 shares (Direct, null)
Footnotes (1)
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
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.
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.