Donegal Group SVP reports 661-share ESPP trade

Donegal Group Inc. Senior Vice President Jeffery Tim Hay reported an “other” equity transaction involving the company’s Employee Stock Purchase Plan.

Rhea-AI Filing Summary

Donegal Group Inc. Senior Vice President Jeffery Tim Hay reported an “other” equity transaction involving the company’s Employee Stock Purchase Plan. The filing shows 661 shares of Class A Common Stock at $16.031 per share, with direct holdings reported at 8,143 shares after the transaction.

The transaction is coded as an “other acquisition or disposition” rather than a standard open-market buy or sell, and is tied to the Employee Stock Purchase Plan, indicating a routine, plan-based adjustment to the executive’s equity position.

Insider Trade Summary

Other: 661 shares

Other 1 txn

Insider HAY JEFFERY TIM

Role Senior Vice President

Type	Security	Shares	Price	Value
Other	Class A Common Stock	661	$16.031	$11K

Holdings After Transaction: Class A Common Stock — 8,143 shares (Direct)

Footnotes (1)

1. F1. Employee Stock Purchase Plan

Key Figures

Shares in transaction: 661 shares Transaction price: $16.031 per share Shares held after: 8,143 shares +1 more

4 metrics

Shares in transaction 661 shares Code J “other” transaction involving Class A Common Stock

Transaction price $16.031 per share Price for the 661 Class A Common shares

Shares held after 8,143 shares Direct holdings of Jeffery Tim Hay following the transaction

Restructuring shares 661 shares Shares classified in restructuring/other category in summary

Key Terms

Employee Stock Purchase Plan, Class A Common Stock, Form 4, Other acquisition or disposition

4 terms

Employee Stock Purchase Plan financial

"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.

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.

Form 4 regulatory

"INSIDER FILING DATA (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.

Other acquisition or disposition financial

"transaction_code_description": "Other acquisition or disposition""

FAQ

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

What insider transaction did DONEGAL GROUP INC (DGICA) report for Jeffery Tim Hay?

DONEGAL GROUP INC reported a Form 4 for Senior Vice President Jeffery Tim Hay showing an “other” equity transaction of 661 Class A Common shares at $16.031 each, related to an Employee Stock Purchase Plan, with 8,143 shares held directly afterward.

How many DONEGAL GROUP INC (DGICA) shares were involved in the latest insider filing?

The latest Form 4 shows 661 shares of DONEGAL GROUP INC Class A Common Stock involved in an “other” transaction. These shares were associated with an Employee Stock Purchase Plan and were reported at a transaction price of $16.031 per share.

What is Jeffery Tim Hay’s DONEGAL GROUP INC (DGICA) shareholding after this Form 4?

Following the reported transaction, Senior Vice President Jeffery Tim Hay is shown holding 8,143 shares of DONEGAL GROUP INC Class A Common Stock directly. This post-transaction figure reflects the impact of the 661-share Employee Stock Purchase Plan adjustment.

Was the DONEGAL GROUP INC (DGICA) insider transaction a buy or sell?

The Form 4 classifies the transaction as code J, an “other acquisition or disposition,” not a standard buy or sell. It relates to an Employee Stock Purchase Plan, indicating a routine, plan-based equity adjustment rather than an open-market trade.

What price was reported for the DONEGAL GROUP INC (DGICA) insider shares?

The insider transaction in DONEGAL GROUP INC Class A Common Stock reported a price of $16.031 per share for the 661 shares involved. This price is part of a plan-related “other” transaction tied to the Employee Stock Purchase Plan.

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

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Accepted by SEC EDGAR 07/02/2026 - 03:30 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^*

HAY JEFFERY TIM

(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)
	Senior Vice President

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	661	A	$16.031	8,143	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. 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)