Donegal Mutual buys 17,000 Donegal Group shares

Donegal Mutual Insurance Co, a more than ten percent owner of Donegal Group Inc, reported open-market purchases of a total of 17,000 shares of Class A Common Stock on May 13 and 14 at prices of $16.8558 and $17.1587 per share.

Rhea-AI Filing Summary

Donegal Mutual Insurance Co, a more than ten percent owner of Donegal Group Inc, reported open-market purchases of a total of 17,000 shares of Class A Common Stock on May 13 and 14 at prices of $16.8558 and $17.1587 per share. After these trades, it held 14,005,281 Class A shares and a disclosed holding of 4,751,974 Class B Common Stock shares.

Insider Trade Summary

Net Buyer: 17,000 shares

Net Buy 3 txns

Insider DONEGAL MUTUAL INSURANCE CO

Role 10% Owner

Bought 17,000 shs ($289K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	8,500	$17.1587	$146K
Purchase	Class A Common Stock	8,500	$16.8558	$143K
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 14,005,281 shares (Direct); Class B Common Stock — 4,751,974 shares (Direct)

Key Figures

Class A shares purchased: 17,000 shares Purchase price May 13: $16.8558 per share Purchase price May 14: $17.1587 per share +3 more

6 metrics

Class A shares purchased 17,000 shares Open-market buys on May 13–14, 2026

Purchase price May 13 $16.8558 per share 8,500 Class A shares bought

Purchase price May 14 $17.1587 per share 8,500 Class A shares bought

Class A shares after trades 14,005,281 shares Direct ownership following transactions

Class B shares held 4,751,974 shares Reported Class B Common Stock holding

Net share direction 17,000-share net buy transactionSummary netBuySellShares

Key Terms

open-market purchase, Class A Common Stock, Class B Common Stock, more than ten percent owner

4 terms

open-market purchase financial

"reported open-market purchases of a total of 17,000 shares"

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

"reported open-market purchases of a total of 17,000 shares of 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

"and a disclosed holding of 4,751,974 Class B Common Stock shares"

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 ten percent owner regulatory

"Donegal Mutual Insurance Co, a more than ten percent owner of Donegal Group Inc"

FAQ

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

What insider activity did Donegal Mutual report in Donegal Group Inc (DGICA)?

Donegal Mutual Insurance Co reported buying 17,000 shares of Donegal Group Inc Class A Common Stock in open-market transactions. These purchases occurred on May 13 and May 14, indicating increased exposure to the company’s Class A equity.

How many Donegal Group Inc Class A shares did Donegal Mutual purchase?

Donegal Mutual Insurance Co purchased 17,000 Class A Common Stock shares of Donegal Group Inc. The trades were split into two 8,500-share transactions executed on May 13 and May 14, reflecting incremental accumulation rather than a single large block.

At what prices did Donegal Mutual buy DGICA Class A shares?

Donegal Mutual Insurance Co bought 8,500 DGICA Class A shares at $16.8558 and another 8,500 at $17.1587 per share. These open-market prices show modest variation across the two trading days in mid-May 2026.

What are Donegal Mutual’s total Class A holdings in Donegal Group after these trades?

After the reported purchases, Donegal Mutual Insurance Co held 14,005,281 shares of Donegal Group Inc Class A Common Stock. This figure reflects its direct ownership position following the two open-market transactions disclosed in the Form 4 filing.

Does Donegal Mutual hold Donegal Group Inc Class B shares as well?

Yes. The filing shows Donegal Mutual Insurance Co with 4,751,974 shares of Donegal Group Inc Class B Common Stock. This number is reported as a holding entry, indicating an existing position rather than a newly executed transaction in Class B shares.

Is Donegal Mutual considered a major shareholder of Donegal Group Inc?

Yes. Donegal Mutual Insurance Co is identified as a more than ten percent owner of Donegal Group Inc. Such status means its trades must be reported on Form 4, providing transparency into significant shareholder activity in the company’s stock.

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

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Accepted by SEC EDGAR 05/15/2026 - 09:23 AM 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^*

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)
05/13/2026

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	05/13/2026		P		8,500	A	$16.8558	13,996,781	D
Class A Common Stock	05/14/2026		P		8,500	A	$17.1587	14,005,281	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	05/15/2026
	** 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)