DGICA insider filing shows Miller’s dividend reinvestment and 401(k) trade

Rhea-AI Filing Summary

Donegal Group Inc. (DGICA) disclosed insider activity by Senior Vice President Jeffrey D. Miller on a Form 4. On 11/17/2025, Miller acquired 3 shares of Class A common stock through a dividend reinvestment plan at $20.18 per share, held indirectly in a 401(k) account. On 11/19/2025, his 401(k) plan sold 375 shares of Class A common stock at $19.85 per share as part of a participant-directed investment reallocation within the plan. Following these transactions, Miller beneficially owned 2,006 shares of Class A common stock directly.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider SPONIC DAVID WAYNE

Role Senior Vice President

Type	Security	Shares	Price	Value
Other	Class A Common Stock	375	$19.85	$7K
Other	Class A Common Stock	3	$20.18	$60.54
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 0 shares (Indirect, 401(k) Account); Class A Common Stock — 2,006 shares (Direct)

Footnotes (2)

1. F1. Dividend Reinvestment Plan
2. F2. Represents a voluntary report of an exempt transaction under Rule 16a-11. Shares in reporting person's 401(k) plan were sold as part of a participant-directed investment reallocation to rebalance investments within the plan.

FAQ

What insider transaction did DGICA report for Jeffrey D. Miller?

Donegal Group Inc. reported that Senior Vice President Jeffrey D. Miller filed a Form 4 showing a small dividend reinvestment share purchase and a sale from his 401(k) plan, along with his updated share holdings.

How many Donegal Group (DGICA) shares did Jeffrey D. Miller buy and sell?

On 11/17/2025, Miller acquired 3 shares of Class A common stock through a dividend reinvestment. On 11/19/2025, his 401(k) plan sold 375 shares of Class A common stock.

What prices were reported for Jeffrey D. Miller’s DGICA share transactions?

The dividend reinvestment purchase was at $20.18 per share on 11/17/2025, and the 401(k) sale was at $19.85 per share on 11/19/2025.

How many DGICA shares does Jeffrey D. Miller own after these transactions?

After the reported activity, Jeffrey D. Miller beneficially owned 2,006 shares of Donegal Group Class A common stock directly.

What was the nature of the 401(k) transaction reported for DGICA’s Jeffrey D. Miller?

The filing states that the 401(k) share sale was a voluntary report of an exempt transaction, with shares sold as part of a participant-directed investment reallocation to rebalance investments within the plan.

Is the DGICA Form 4 transaction related to a dividend reinvestment plan?

Yes. The acquisition of 3 shares on 11/17/2025 is identified as part of a Dividend Reinvestment Plan for Donegal Group’s Class A common stock.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 11/21/2025 - 09:46 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^*

SPONIC DAVID WAYNE

(Last) (First) (Middle)

1195 RIVER ROAD

(Street)

MARIETTA PA 17547

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	11/17/2025		J	V	3	A	$20.18	375	I	401(k) Account
Class A Common Stock(2)	11/19/2025		J	V	375	D	$19.85	0	I	401(k) Account
Class A Common Stock								2,006	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. Dividend Reinvestment Plan

2. Represents a voluntary report of an exempt transaction under Rule 16a-11. Shares in reporting person's 401(k) plan were sold as part of a participant-directed investment reallocation to rebalance investments within the plan.

Remarks:

	Jeffrey D. Miller, by power of attorney	11/21/2025
	** 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.