Donegal Group CIO logs 405-share ESPP transaction

Donegal Group Inc senior vice president and chief information officer Sanjay Pandey reported an administrative share update on Form 4.

Rhea-AI Filing Summary

Donegal Group Inc senior vice president and chief information officer Sanjay Pandey reported an administrative share update on Form 4. A J-code “other transaction” reflected 405 shares of Class A common stock at $16.031 per share under an Employee Stock Purchase Plan. Following this, he held 8,697 Class A shares directly and 28,829 Class A shares indirectly through a 401(k) Plan.

Insider Trade Summary

Other: 405 shares

Other 2 txns

Insider PANDEY SANJAY

Role Sr. VP & Chief Info Officer

Type	Security	Shares	Price	Value
Other	Class A Common Stock	405	$16.031	$6K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 8,697 shares (Direct); Class A Common Stock — 28,829 shares (Indirect, 401(k) Plan)

Footnotes (1)

1. F1. Employee Stock Purchase Plan

Key Figures

ESPP transaction size: 405 shares ESPP transaction price: $16.031 per share Direct holdings after transaction: 8,697 shares +1 more

4 metrics

ESPP transaction size 405 shares J-code “other transaction” in Class A Common Stock

ESPP transaction price $16.031 per share Price for 405 Class A Common shares

Direct holdings after transaction 8,697 shares Class A Common Stock held directly by Sanjay Pandey

401(k) holdings after transaction 28,829 shares Class A Common Stock held indirectly via 401(k) Plan

Key Terms

Class A Common Stock, Employee Stock Purchase Plan, 401(k) Plan, transaction code J

4 terms

Class A Common Stock financial

"The Form 4 covers transactions in 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.

Employee Stock Purchase Plan financial

"A footnote identifies the transaction as tied to an Employee Stock Purchase Plan."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

401(k) Plan financial

"Indirect ownership of 28,829 shares is reported through a 401(k) Plan."

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

transaction code J financial

"Transaction code J is described as an other acquisition or disposition."

FAQ

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

What insider activity did DONEGAL GROUP INC (DGICA) report for Sanjay Pandey?

DONEGAL GROUP INC reported an administrative Form 4 for executive Sanjay Pandey. It shows a J-code “other transaction” involving 405 Class A common shares under an Employee Stock Purchase Plan, plus an updated snapshot of his direct and 401(k) holdings.

How many DONEGAL GROUP INC (DGICA) shares were involved in Sanjay Pandey’s Form 4?

The Form 4 lists 405 Class A common shares in a J-code “other transaction” at $16.031 per share. It also shows 8,697 Class A shares held directly and 28,829 Class A shares held indirectly through a 401(k) Plan after the reported transactions.

What does transaction code J mean in the DONEGAL GROUP INC (DGICA) Form 4?

Transaction code J on this Form 4 is described as an “other acquisition or disposition.” In this case, it covers 405 Class A common shares at $16.031 per share tied to an Employee Stock Purchase Plan, rather than a standard open-market buy or sale.

How many DONEGAL GROUP INC (DGICA) shares does Sanjay Pandey hold after the Form 4?

After the reported activity, Sanjay Pandey holds 8,697 Class A common shares directly. He also has an indirect position of 28,829 Class A common shares through a 401(k) Plan, as disclosed in the Form 4’s post-transaction ownership totals.

Is Sanjay Pandey’s DONEGAL GROUP INC (DGICA) Form 4 an open-market trade?

The filing does not show open-market buys or sells. Instead, it records a J-code “other transaction” of 405 Class A shares at $16.031 per share under an Employee Stock Purchase Plan, plus a separate holding entry for shares in a 401(k) Plan.

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

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Accepted by SEC EDGAR 07/02/2026 - 03:37 PM EDT Learn about SEC filing dates

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^*

PANDEY SANJAY

(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		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP & Chief Info Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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(1)	07/01/2026		J	V	405	A	$16.031	8,697	D
Class A Common Stock								28,829	I	401(k) Plan

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:

1. Employee Stock Purchase Plan

Remarks:

	Jeffrey D. Miller, by power of attorney	07/02/2026
	** 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)