Donegal Group CEO exercises, sells 24K shares
Rhea-AI Filing Summary
DONEGAL GROUP INC (DGICA) reported that President & Chief Executive Officer Kevin Gerard Burke exercised options for 24,000 shares of Class A Common Stock at $14.39 per share on September 11, 2026, and on the same date sold 24,000 shares of Class A Common Stock at $19.226 per share. The exercised option grant now shows 0 options remaining, and Burke continues to hold 3,342 shares indirectly through a 401(k) Plan. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 24,000 shares ($116K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
BURKE KEVIN GERARD
Role
President & Chief Exec Officer
Sold
24,000 shs ($461K)
Approx. gross sale proceeds
$461K
Approx. exercise cost
$345K
Approx. pre-tax spread
$116K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options | 24,000 | $14.39 | $345K |
| Exercise | Class A Common Stock | 24,000 | $14.39 | $345K |
| Sale | Class A Common Stock | 24,000 | $19.226 | $461K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Options — 0 contracts (Direct);
Class A Common Stock — 13,870 shares (Direct);
Class A Common Stock — 3,342 shares (Indirect, 401(k) Plan)
Key Figures
Options exercised: 24,000 options
Option exercise price: $14.39 per share
Shares sold: 24,000 shares
+5 more
8 metrics
Options exercised
24,000 options
Options for Class A Common Stock exercised by CEO on September 11, 2026
Option exercise price
$14.39 per share
Exercise price for 24,000 options exercised on September 11, 2026
Shares sold
24,000 shares
Class A Common Stock sold by CEO on September 11, 2026
Sale price
$19.226 per share
Price per share for 24,000 Class A Common shares sold on September 11, 2026
Options remaining after exercise
0 options
Total options of the exercised grant following the September 11, 2026 transaction
Indirect holdings
3,342 shares
Class A Common Stock held indirectly through a 401(k) Plan after transactions
Option grant exercise date
July 1, 2022
Exercise date listed for the option grant that was exercised
Option expiration date
December 16, 2026
Expiration date for the option grant that was exercised
Key Terms
Class A Common Stock, derivative security, Rule 10b5-1, 401(k) Plan
4 terms
Class A Common Stock financial
"The reporting person transacted in Class A Common Stock of DONEGAL GROUP INC."
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.
derivative security financial
"The options are reported as a derivative security exercised into Class A shares."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox is not affirmed for these reported trades."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
401(k) Plan financial
"An indirect holding of shares is reported 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did DGICA’s CEO report on September 11, 2026?
On September 11, 2026, DGICA’s CEO Kevin Gerard Burke exercised 24,000 options for Class A Common Stock at $14.39 per share and sold 24,000 shares of Class A Common Stock at $19.226 per share in reported transactions.
Were DGICA CEO’s September 11, 2026 trades under a Rule 10b5-1 plan?
The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed, and no footnote references a trading plan, so these September 11, 2026 transactions are reported without being identified as pursuant to a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
