DGICA director exercises 4,500 options at $14.43, reports Form 4

Rhea-AI Filing Summary

Donegal Group (DGICA) director reported insider transactions on 11/13/2025. He exercised options to acquire 4,500 Class A shares at $14.43 (Code M) and sold 4,500 Class A shares at $19.7047 (Code S). After these moves, he directly holds 26,155 Class A shares and 1,000 Class B shares. The option related to 4,500 shares, was exercisable since 07/01/2021, and had an expiration of 12/17/2025, with 0 remaining following the exercise.

Insider Trade Summary

Net Seller: 4,500 shares ($88,671)

Net Sell 4 txns

Insider Moore Sewell Trezevant Jr

Role Director

Sold 4,500 shs ($89K)

Type	Security	Shares	Price	Value
Exercise	Options	4,500	$14.43	$65K
Exercise	Class A Common Stock	4,500	$14.43	$65K
Sale	Class A Common Stock	4,500	$19.7047	$89K
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Options — 0 shares (Direct); Class A Common Stock — 30,655 shares (Direct); Class B Common Stock — 1,000 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Moore Sewell Trezevant Jr

(Last) (First) (Middle)

1195 RIVER ROAD

P.O. BOX 302

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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	11/13/2025		M		4,500	A	$14.43	30,655	D
Class A Common Stock	11/13/2025		S		4,500	D	$19.7047	26,155	D
Class B Common Stock								1,000	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
Options	$14.43	11/13/2025		M			4,500	07/01/2021	12/17/2025	Class A Common Stock	4,500	$14.43	0	D

Explanation of Responses:

Remarks:

	Jeffrey D. Miller, by power of attorney	11/14/2025
	** 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.

FAQ

What insider transaction did DGICA report on Form 4?

A director exercised options for 4,500 Class A shares at $14.43 and sold 4,500 Class A shares at $19.7047 on 11/13/2025.

What are the director’s DGICA holdings after the transactions?

He directly owns 26,155 Class A shares and 1,000 Class B shares.

What were the transaction codes on the DGICA Form 4?

Code M for the option exercise and Code S for the open-market sale.

What were the key terms of the exercised DGICA option?

The option covered 4,500 shares at an exercise price of $14.43, exercisable since 07/01/2021, expiring 12/17/2025.

How many derivative securities remain after the option exercise?

The filing shows 0 derivative securities remaining following the reported transactions.