[Form 4] DONEGAL GROUP INC Insider Trading Activity

Rhea-AI Filing Summary

Donegal Group Inc. (DGICA) reported insider activity by a director on a Form 4. On 11/25/2025, the director exercised options for 4,500 shares of Class A common stock at an exercise price of $14.43 per share, increasing directly held stock. That same day, the director sold 4,500 shares of Class A common stock at a price of $20.0181 per share. After these transactions, the director beneficially owned 13,436 shares of Class A common stock directly and held no remaining options from this grant.

Insider Trade Summary

Exercise and Sale: 4,500 shares ($25K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider KRAFT KEVIN MICHAEL SR

Role Director

Sold 4,500 shs ($90K)

Approx. gross sale proceeds $90K

Approx. exercise cost $65K

Approx. pre-tax spread $25K

Type	Security	Shares	Price	Value
Exercise	Options	4,500	$14.43	$65K
Exercise	Class A Common Stock	4,500	$14.43	$65K
Sale	Class A Common Stock	4,500	$20.0181	$90K

Holdings After Transaction: Options — 0 shares (Direct); Class A Common Stock — 13,436 shares (Direct)

FAQ

What insider transaction did Donegal Group Inc. (DGICA) report?

The company reported that a director exercised options for 4,500 Class A shares at $14.43 and sold 4,500 Class A shares at $20.0181 on 11/25/2025.

How many Donegal Group (DGICA) shares does the director own after the Form 4 transaction?

Following the reported transactions, the director beneficially owned 13,436 shares of Donegal Group Class A common stock directly.

What type of security was involved in the Donegal Group (DGICA) Form 4 filing?

The filing involved Class A common stock of Donegal Group Inc. and stock options convertible into 4,500 Class A shares.

What were the option terms in the Donegal Group (DGICA) Form 4?

The director exercised options on 11/25/2025 for 4,500 shares at an exercise price of $14.43, with the options originally exercisable from 07/01/2021 and expiring on 12/17/2025.

Does the Donegal Group (DGICA) Form 4 show any remaining options for the director?

No. After exercising 4,500 options at $14.43, the number of derivative securities beneficially owned was reported as 0.

What roles does the reporting person have at Donegal Group Inc. (DGICA)?

The reporting person is identified as a director of Donegal Group Inc. on the Form 4.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 11/26/2025 - 09:21 AM 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^*

KRAFT KEVIN MICHAEL SR

(Last) (First) (Middle)

1195 RIVER ROAD

P.O. BOX 302

(Street)

MARIETTA PA 17547

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/25/2025

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

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 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	11/25/2025		M		4,500	A	$14.43	17,936	D
Class A Common Stock	11/25/2025		S		4,500	D	$20.0181	13,436	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
Options	$14.43	11/25/2025		M			4,500	07/01/2021	12/17/2025	Class A Common Stock	4,500	$14.43	0	D

Explanation of Responses:

Remarks:

	Jeffrey D. Miller, by power of attorney	11/26/2025
	** 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.