Donegal Group (DGICA) director exercises options, then sells 11,250 shares
Rhea-AI Filing Summary
Donegal Group Inc. director Dennis Joseph Bixenman reported option-related transactions on 2026-08-04. He exercised stock options covering a total of 11,250 shares of Class A Common Stock at exercise prices of $14.39, $14.09 and $13.87 per share, then sold 11,250 shares at $19.26 per share the same day.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 11,250 shares ($58K approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
BIXENMAN DENNIS JOSEPH
Role
Director
Sold
11,250 shs ($217K)
Approx. gross sale proceeds
$217K
Approx. exercise cost
$158K
Approx. pre-tax spread
$58K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options | 2,250 | $14.39 | $32K |
| Exercise | Options | 4,500 | $14.09 | $63K |
| Exercise | Options | 4,500 | $13.87 | $62K |
| Exercise | Class A Common Stock | 2,250 | $14.39 | $32K |
| Exercise | Class A Common Stock | 4,500 | $14.09 | $63K |
| Exercise | Class A Common Stock | 4,500 | $13.87 | $62K |
| Sale | Class A Common Stock | 11,250 | $19.26 | $217K |
Holdings After Transaction:
Options — 0 shares (Direct);
Class A Common Stock — 9,355 shares (Direct)
Key Figures
Options Exercised: 11,250 shares
Shares Sold: 11,250 shares
Option Exercise Price 1: $14.39 per share
+2 more
5 metrics
Options Exercised
11,250 shares
Total underlying Class A Common Stock from options exercised on 2026-08-04
Shares Sold
11,250 shares
Class A Common Stock sold at $19.26 per share on 2026-08-04
Option Exercise Price 1
$14.39 per share
Exercise price for options on 2,250 underlying shares, expiring 2026-12-16
Option Exercise Price 2
$14.09 per share
Exercise price for options on 4,500 underlying shares, expiring 2027-12-15
Option Exercise Price 3
$13.87 per share
Exercise price for options on 4,500 underlying shares, expiring 2028-12-21
Key Terms
Class A Common Stock, Exercise or conversion of derivative security, Sale in open market or private transaction, derivative
4 terms
Class A Common Stock financial
"underlying_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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Sale in open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
derivative financial
"transaction_type: derivative for the option transactions"
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did DGICA director Dennis Joseph Bixenman report?
Dennis Joseph Bixenman reported exercising stock options into 11,250 shares of Donegal Group Class A Common Stock and then selling 11,250 shares on 2026-08-04. The sale price was $19.26 per share according to the Form 4 data.
On what date did the reported DGICA insider transactions take place?
All reported transactions occurred on 2026-08-04. That date applies both to the exercise of stock options covering 11,250 shares of Class A Common Stock and to the subsequent sale of 11,250 shares at a price of $19.26 per share.
What stock options did the DGICA director exercise in this Form 4?
The director exercised options over 11,250 shares of Donegal Group Class A Common Stock. These options had exercise prices of $14.39, $14.09 and $13.87 per share, with stated expiration dates of 2026-12-16, 2027-12-15 and 2028-12-21, respectively.