Donegal SVP adds 53 shares via dividend plan

DONEGAL GROUP INC (DGICA) insider David Benjamin Bawel, SVP & Chief Accounting Officer, reported an acquisition of Class A Common Stock through a Dividend Reinvestment Plan in his 401(k) Plan on 2026-08-14.

Rhea-AI Filing Summary

DONEGAL GROUP INC (DGICA) insider David Benjamin Bawel, SVP & Chief Accounting Officer, reported an acquisition of Class A Common Stock through a Dividend Reinvestment Plan in his 401(k) Plan on 2026-08-14. The transaction added 53 shares at $19.45 per share, held indirectly. Following this, he reported 5,420 indirect shares in the 401(k) Plan and a separate direct holding of 22,331 shares of Class A Common Stock.

Insider Trade Summary

Other: 53 shares

Other 2 txns

Insider BAWEL DAVID BENJAMIN

Role SVP & CHIEF ACCOUNTING OFFICER

Type	Security	Shares	Price	Value
Other	Class A Common Stock F1	53	$19.45	$1K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 5,420 shares (Indirect, 401(k) Plan); Class A Common Stock — 22,331 shares (Direct)

Footnotes (1)

1. F1. Dividend Reinvestment Plan

Key Figures

Shares acquired: 53 shares Transaction price per share: $19.45 Indirect holdings after transaction: 5,420 shares +1 more

4 metrics

Shares acquired 53 shares Class A Common Stock acquired on 2026-08-14 via Dividend Reinvestment Plan

Transaction price per share $19.45 Per-share value reported for the 53 Dividend Reinvestment Plan shares

Indirect holdings after transaction 5,420 shares Class A Common Stock held indirectly through a 401(k) Plan after the transaction

Direct holdings 22,331 shares Class A Common Stock reported as directly owned by David Benjamin Bawel

Key Terms

Dividend Reinvestment Plan, 401(k) Plan, indirect ownership, Form 4

4 terms

Dividend Reinvestment Plan financial

"The transaction is footnoted as a Dividend Reinvestment Plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

401(k) Plan financial

"Shares are held indirectly 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.

indirect ownership financial

"The filing characterizes the 5,420 shares as indirect ownership"

Form 4 regulatory

"Insider ownership and transactions are reported on Form 4"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did DGICA executive David Benjamin Bawel report?

David Benjamin Bawel reported acquiring 53 shares of DONEGAL GROUP INC Class A Common Stock on 2026-08-14 through a Dividend Reinvestment Plan in his 401(k) Plan, at a reported price of $19.45 per share.

How many DGICA shares does David Benjamin Bawel now hold indirectly?

After the reported transaction, David Benjamin Bawel holds 5,420 shares of DONEGAL GROUP INC Class A Common Stock indirectly through a 401(k) Plan that is associated with a Dividend Reinvestment Plan, as disclosed in the filing.

What are David Benjamin Bawel’s direct holdings of DGICA Class A Common Stock?

David Benjamin Bawel reported 22,331 shares of DONEGAL GROUP INC Class A Common Stock as a direct holding. This direct position is listed separately from his 401(k) Plan indirect ownership in the same insider ownership report.

Was the DGICA insider transaction by David Benjamin Bawel part of a Dividend Reinvestment Plan?

Yes. The acquisition of 53 shares of DONEGAL GROUP INC Class A Common Stock is footnoted as a Dividend Reinvestment Plan transaction within a 401(k) Plan, indicating dividends were reinvested to purchase additional shares.

What price was reported for David Benjamin Bawel’s DGICA share acquisition?

The filing reports a per-share price of $19.45 for the acquisition of 53 shares of DONEGAL GROUP INC Class A Common Stock on 2026-08-14 through a Dividend Reinvestment Plan in his 401(k) Plan account.

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

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Available on EDGAR 08/18/2026 - 11:29 AM Accepted by SEC EDGAR 08/18/2026 - 11:28 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^*

BAWEL DAVID BENJAMIN

(Last) (First) (Middle)

1195 RIVER ROAD

(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)
	SVP & CHIEF ACCOUNTING OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

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)	08/14/2026		J	V	53	A	$19.45	5,420	I	401(k) Plan
Class A Common Stock								22,331	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:

1. Dividend Reinvestment Plan

Remarks:

	Jeffrey D. Miller, by power of attorney	08/18/2026
	** 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)