Donegal Mutual boosts stake in Donegal Group (NASDAQ: DGICA) with buys

Rhea-AI Filing Summary

Donegal Group Inc. reported that its 10% owner Donegal Mutual Insurance Co made open-market purchases of Class A Common Stock. The owner bought 8,500 shares on May 5, 2026 at $16.5047 per share and another 8,500 shares on May 6, 2026 at $16.6548, for a total of 17,000 shares.

After these transactions, Donegal Mutual Insurance Co directly holds 13,954,704 shares of Class A Common Stock and a separate holding entry shows 4,751,974 shares of Class B Common Stock held directly as of May 5, 2026.

Insider Trade Summary

Net Buyer: 17,000 shares ($281,856)

Net Buy 3 txns

Insider DONEGAL MUTUAL INSURANCE CO

Role null

Bought 17,000 shs ($282K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	8,500	$16.6548	$142K
Purchase	Class A Common Stock	8,500	$16.5047	$140K
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 13,954,704 shares (Direct, null); Class B Common Stock — 4,751,974 shares (Direct, null)

Footnotes (1)

Key Figures

Total shares bought: 17,000 shares Purchase price May 5, 2026: $16.5047/share Purchase price May 6, 2026: $16.6548/share +2 more

5 metrics

Total shares bought 17,000 shares Open-market purchases of Class A Common Stock

Purchase price May 5, 2026 $16.5047/share 8,500 Class A shares bought

Purchase price May 6, 2026 $16.6548/share 8,500 Class A shares bought

Class A holdings after trades 13,954,704 shares Direct Class A Common Stock owned after May 6, 2026

Class B holdings reported 4,751,974 shares Direct Class B Common Stock as of May 5, 2026

Key Terms

open-market purchase, ten percent owner, Class A Common Stock, Class B Common Stock

4 terms

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

ten percent owner financial

""is_ten_percent_owner": 1"

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.

Class B Common Stock financial

""security_title": "Class B Common Stock""

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DONEGAL MUTUAL INSURANCE CO

(Last) (First) (Middle)

1195 RIVER ROAD

P.O. BOX 302

(Street)

MARIETTA PENNSYLVANIA 17547

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/05/2026		P		8,500	A	$16.5047	13,946,204	D
Class A Common Stock	05/06/2026		P		8,500	A	$16.6548	13,954,704	D
Class B Common Stock								4,751,974	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	Jeffrey D. Miller, EVP & Chief Financial Officer	05/07/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What did Donegal Mutual Insurance Co do in this DGICA Form 4 filing?

Donegal Mutual Insurance Co reported open-market purchases of Donegal Group Inc. (DGICA) Class A shares. It bought 8,500 shares on May 5, 2026 and another 8,500 shares on May 6, 2026, increasing its direct Class A Common Stock holdings.

How many Donegal Group (DGICA) shares were bought in total?

The filing shows Donegal Mutual Insurance Co bought a total of 17,000 Class A Common shares of Donegal Group Inc. This came from two separate 8,500-share open-market purchases on consecutive days, at prices slightly above $16.50 per share.

At what prices were the DGICA shares purchased by Donegal Mutual Insurance Co?

Donegal Mutual Insurance Co bought 8,500 Donegal Group Inc. Class A shares at $16.5047 per share on May 5, 2026. It then purchased another 8,500 Class A shares at $16.6548 per share on May 6, 2026, both reported as open-market transactions.

What are Donegal Mutual Insurance Co’s Class A holdings in DGICA after these trades?

After the reported purchases, Donegal Mutual Insurance Co directly holds 13,954,704 shares of Donegal Group Inc. Class A Common Stock. This figure reflects its position following the two 8,500-share open-market buys disclosed in the Form 4 filing.

Does the filing show any Class B Donegal Group (DGICA) holdings for Donegal Mutual Insurance Co?

Yes. A holding entry in the filing lists 4,751,974 shares of Donegal Group Inc. Class B Common Stock held directly as of May 5, 2026. This entry is presented as a position report rather than a new buy or sell transaction.