Large DGICA holder buys more shares in open market

DONEGAL MUTUAL INSURANCE CO, a more than 10% owner of DONEGAL GROUP INC, reported open-market purchases of Class A Common Stock.

Rhea-AI Filing Summary

DONEGAL MUTUAL INSURANCE CO, a more than 10% owner of DONEGAL GROUP INC, reported open-market purchases of Class A Common Stock. It bought 9,900 Class A shares at an average price of $17.5586 per share and 9,682 Class A shares at $17.6219 per share.

After these transactions, it directly holds 14,136,691 Class A shares and 4,751,974 Class B shares. The purchases modestly increase an already large ownership position and are routine in scale relative to the total reported holdings.

Insights

Equity ownership analyst

Large existing holder modestly adds to Donegal Group stake.

DONEGAL MUTUAL INSURANCE CO, already a more than 10% owner, executed two open-market purchases totaling 19,582 Class A shares at prices around $17.56–$17.62. Open-market code P transactions generally reflect discretionary buying rather than automatic grants or plan-driven vesting.

Following the trades, the entity holds 14,136,691 Class A shares and 4,751,974 Class B shares, so the added shares are small relative to its overall position. From an ownership-structure perspective, this looks like a routine incremental increase rather than a transformative move.

Insider Trade Summary

Net Buyer: 19,582 shares

Net Buy 3 txns

Insider DONEGAL MUTUAL INSURANCE CO

Role 10% Owner

Bought 19,582 shs ($344K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	9,682	$17.6219	$171K
Purchase	Class A Common Stock	9,900	$17.5586	$174K
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 14,136,691 shares (Direct); Class B Common Stock — 4,751,974 shares (Direct)

Key Figures

Shares purchased (Class A): 19,582 shares Purchase price 1: $17.5586 per share Purchase price 2: $17.6219 per share +3 more

6 metrics

Shares purchased (Class A) 19,582 shares Two open-market buys on 2026-06-11 and 2026-06-12

Purchase price 1 $17.5586 per share 9,900 Class A shares bought on 2026-06-11

Purchase price 2 $17.6219 per share 9,682 Class A shares bought on 2026-06-12

Class A shares after trades 14,136,691 shares Direct holdings following most recent purchase

Class B shares held 4,751,974 shares Direct Class B Common Stock holdings as of 2026-06-11

Net buy direction 19,582 net shares bought Form 4 transaction summary shows net-buy activity

Key Terms

open-market purchase, Class A Common Stock, Class B Common Stock, more than 10% owner

4 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.

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.

more than 10% owner regulatory

"is_ten_percent_owner": 1"

FAQ

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

What insider activity did DONEGAL MUTUAL INSURANCE CO report for DONEGAL GROUP INC (DGICA)?

DONEGAL MUTUAL INSURANCE CO reported buying Class A Common Stock of DONEGAL GROUP INC in the open market. It executed two purchase transactions totaling 19,582 shares at prices around $17.56–$17.62 per share, modestly increasing its existing large ownership stake.

How many DGICA shares did DONEGAL MUTUAL INSURANCE CO buy and at what prices?

The entity bought 9,900 Class A shares at $17.5586 and 9,682 Class A shares at $17.6219. These open-market purchases total 19,582 shares and represent incremental additions rather than a major position change for this large existing shareholder.

What is DONEGAL MUTUAL INSURANCE CO’s total Class A stake in DONEGAL GROUP INC after these trades?

After the reported open-market purchases, DONEGAL MUTUAL INSURANCE CO directly holds 14,136,691 Class A Common Stock shares of DONEGAL GROUP INC. This figure comes from the post-transaction share balance disclosed for the most recent Class A purchase entry on the Form 4.

Did the Form 4 for DONEGAL GROUP INC show any insider stock sales?

No stock sales were reported in this Form 4. The transaction summary shows two open-market purchases of Class A Common Stock and no sales, resulting in a net-buy direction with 19,582 shares acquired by DONEGAL MUTUAL INSURANCE CO during the disclosed period.

What Class B Common Stock holdings were reported for DONEGAL GROUP INC (DGICA)?

The Form 4 includes a holding entry for Class B Common Stock showing 4,751,974 shares owned directly after the noted date. This entry reflects the reported Class B position but does not list a new buy or sell transaction for that share class.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/15/2026 - 08:22 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^*

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)
06/11/2026

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	06/11/2026		P		9,900	A	$17.5586	14,127,009	D
Class A Common Stock	06/12/2026		P		9,682	A	$17.6219	14,136,691	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	06/15/2026
	** 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)