DGICA Insider Moves 71,997 Class A Shares Between Retirement Accounts

Rhea-AI Filing Summary

Donegal Group Inc. (DGICA) reporting person Daniel J. Wagner, Sr. VP & Treasurer, recorded a non‑derivative transfer of 71,997 shares of Class A common stock on 10/10/2025. The filing states the shares moved from the reporting owner’s 401(k) plan account into the reporting owner’s IRA and were reported under transaction code J with a price of $0 for the transfer. The disclosure notes the reporting owner’s beneficial ownership did not change as a result of the transfer and shows ongoing indirect ownership via the 401(k) and direct/indirect holdings across Class A and Class B shares. The form was signed by an authorized attorney by power of attorney on 10/10/2025.

Positive

• Beneficial ownership unchanged after transfer of 71,997 Class A shares
• Transparent reporting of an internal transfer between retirement accounts on 10/10/2025
• Reporting person identified as Sr. VP & Treasurer Daniel J. Wagner, maintaining disclosure continuity

Negative

• None.

Insights

Corporate Governance Specialist

TL;DR: Insider moved shares between personal accounts with no net ownership change.

The transfer of 71,997 Class A shares from a 401(k) to an IRA is an internal reclassification of holdings by an officer, recorded under transaction code J on 10/10/2025. Such moves are administrative and commonly reported to maintain Section 16 transparency.

This action carries limited governance risk because the filing explicitly states beneficial ownership was unchanged. Investors can note the preservation of prior ownership levels; monitor subsequent Form 4 filings for any sales or purchases that would alter beneficial stake.

Compensation & Tax Advisor

TL;DR: Transfer likely reflects personal retirement-account management without taxable sale.

Moving shares from a 401(k) to an IRA typically signifies a rollover or account consolidation rather than a taxable disposition, consistent with the reported price of $0. The filing shows the shares remain within the reporting person’s control (direct or indirect), preserving existing compensation-related equity exposure.

Material effects on company capital structure are nil; relevant follow-ups include any later transactions that show disposals or exercises changing the officer’s stake within the next 12 months.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider WAGNER DANIEL J

Role Sr. VP & Treasurer

Type	Security	Shares	Price	Value
Other	Class A Common Stock	71,997	$0.00	--
Other	Class A Common Stock	71,997	$0.00	--
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 0 shares (Indirect, 401(k) Plan); Class A Common Stock — 95,384 shares (Direct); Class B Common Stock — 166 shares (Direct)

Footnotes (1)

1. Voluntary reporting of a transfer of 71,997 shares of Class A common stock from Reporting Owner's 401(k) plan account to the Reporting Owner's IRA. The Reporting Owner's beneficial ownership did not change as a result of this transfer.

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^*

WAGNER DANIEL J

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/10/2025

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(1)(2)	10/10/2025		J	V	71,997	D	$0	0	I	401(k) Plan
Class A Common Stock(1)(2)	10/10/2025		J	V	71,997	A	$0	95,384	D
Class B Common Stock								166	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. Voluntary reporting of a transfer of 71,997 shares of Class A common stock from Reporting Owner's 401(k) plan account to the Reporting Owner's IRA.

2. The Reporting Owner's beneficial ownership did not change as a result of this transfer.

Remarks:

	Jeffrey D. Miller, by power of attorney	10/10/2025
	** 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.

FAQ

What did Donegal Group (DGICA) report in the Form 4 filed on 10/10/2025?

The Form 4 reports a transfer of 71,997 Class A shares by Sr. VP & Treasurer Daniel J. Wagner from his 401(k) plan to his IRA on 10/10/2025, with no change in beneficial ownership.

Did the transfer of 71,997 shares change the reporting person’s ownership stake?

No. The filing explicitly states the reporting owner’s beneficial ownership did not change as a result of the transfer.

What does transaction code J mean on this Form 4 for DGICA?

Transaction code J is used to report the exercise or conversion of a derivative security or a similar event where shares are moved, here indicating an internal reclassification; the filing shows the transfer occurred at a reported price of $0.

Who signed the Form 4 for Daniel J. Wagner?

The Form 4 was signed by Jeffrey D. Miller by power of attorney on 10/10/2025.

Are there any derivative transactions reported in this Form 4 for DGICA?

No derivative securities are listed as acquired or disposed of in Table II; the filing covers only non‑derivative Class A and Class B common stock movements.