Donegal Group (NASDAQ: DGICA) 10% owner buys 17,000 Class A shares

Rhea-AI Filing Summary

Donegal Mutual Insurance Co, a ten percent owner of Donegal Group Inc, bought a total of 17,000 shares of Class A Common Stock in open-market purchases at prices around $17.16–$17.33 per share.

After these transactions, it directly holds 14,022,281 Class A shares and 4,751,974 Class B shares.

Insider Trade Summary

Net Buyer: 17,000 shares ($293,182)

Net Buy 3 txns

Insider DONEGAL MUTUAL INSURANCE CO

Role null

Bought 17,000 shs ($293K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	8,500	$17.3299	$147K
Purchase	Class A Common Stock	8,500	$17.1621	$146K
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 14,022,281 shares (Direct, null); Class B Common Stock — 4,751,974 shares (Direct, null)

Footnotes (1)

Key Figures

Shares purchased: 17,000 shares Purchase price 1: $17.1621 per share Purchase price 2: $17.3299 per share +3 more

6 metrics

Shares purchased 17,000 shares Total Class A Common Stock bought in open-market transactions

Purchase price 1 $17.1621 per share Price for 8,500 Class A shares on Class A transaction dated 2026-05-15

Purchase price 2 $17.3299 per share Price for 8,500 Class A shares on Class A transaction dated 2026-05-18

Class A holdings after 14,022,281 shares Total Class A Common Stock directly owned after latest purchase

Class B holdings after 4,751,974 shares Total Class B Common Stock directly owned as of 2026-05-15 holding entry

Net buy direction 17,000 net shares bought transactionSummary netBuySellShares marked as net-buy

Key Terms

open-market purchase, ten percent owner, Class A Common Stock, Class B Common Stock, +1 more

5 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.

non-derivative financial

"transaction_type": "non-derivative""

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)
05/15/2026

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	05/15/2026		P		8,500	A	$17.1621	14,013,781	D
Class A Common Stock	05/18/2026		P		8,500	A	$17.3299	14,022,281	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	05/19/2026
	** 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 insider transactions did DONEGAL GROUP INC (DGICA) report?

The filing shows Donegal Mutual Insurance Co bought 17,000 Class A Common shares in open-market transactions. These purchases occurred at prices near $17 per share and increased its direct Class A holdings reported in this Form 4.

Who is the insider in this DONEGAL GROUP INC (DGICA) Form 4?

The reporting person is Donegal Mutual Insurance Co, identified as a ten percent owner of Donegal Group Inc. It reports its direct ownership and recent open-market purchases of Class A Common Stock in this Form 4 filing.

How many DONEGAL GROUP INC (DGICA) shares were purchased?

Donegal Mutual Insurance Co purchased 17,000 shares of Donegal Group’s Class A Common Stock. The trades were split into two 8,500-share open-market purchases on separate dates, as detailed in the Form 4 transaction table.

What prices were paid for the DGICA Class A shares in this Form 4?

The reported open-market purchases were executed at prices of $17.1621 and $17.3299 per share. These transaction prices apply to two separate 8,500-share buys, totaling 17,000 Class A Common shares acquired by the reporting owner.

What are Donegal Mutual’s holdings after these DGICA transactions?

After the reported purchases, Donegal Mutual Insurance Co directly holds 14,022,281 Class A Common shares and 4,751,974 Class B Common shares. These post-transaction balances are disclosed in the Form 4 as the total shares following the transactions.

Does the DONEGAL GROUP INC (DGICA) Form 4 include derivatives?

The Form 4 data shows no derivative securities transactions or remaining derivative positions. All reported entries relate to non-derivative Class A and Class B Common Stock holdings and open-market purchases by Donegal Mutual Insurance Co.