Donegal Group CFO buys DGICA shares at $19.84 and $19.62 prices

Rhea-AI Filing Summary

Donegal Group Inc. insider activity: Executive Vice President and Chief Financial Officer Jeffrey D. Miller reported open-market purchases of Class A common stock of Donegal Group Inc. On 11/18/2025, he bought 7,104 Class A shares at a price of $19.8413 per share, and on 11/19/2025 he bought another 7,587 Class A shares at $19.6184 per share. Following these transactions, he beneficially owns 13,760,774 Class A common shares and 4,708,570 Class B common shares, all reported as directly held.

Insider Trade Summary

Net Buyer: 14,691 shares

Net Buy 3 txns

Insider DONEGAL MUTUAL INSURANCE CO

Role 10% Owner

Bought 14,691 shs ($290K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	7,587	$19.6184	$149K
Purchase	Class A Common Stock	7,104	$19.8413	$141K
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 13,768,361 shares (Direct); Class B Common Stock — 4,708,570 shares (Direct)

FAQ

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

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

Jeffrey D. Miller, Executive Vice President and Chief Financial Officer of Donegal Group Inc. (DGICA), reported open-market purchases of Class A common stock on two consecutive days in November 2025.

How many DGICA Class A shares did Jeffrey D. Miller purchase?

He purchased 7,104 Class A common shares on 11/18/2025 at $19.8413 per share and 7,587 Class A common shares on 11/19/2025 at $19.6184 per share.

What is Jeffrey D. Miller’s total DGICA Class A share ownership after the transactions?

After the reported transactions, Jeffrey D. Miller beneficially owns 13,760,774 shares of Donegal Group Inc. Class A common stock.

Does Jeffrey D. Miller also hold DGICA Class B shares?

Yes. The report shows that he beneficially owns 4,708,570 shares of Donegal Group Inc. Class B common stock.

Are Jeffrey D. Miller’s DGICA holdings reported as direct or indirect ownership?

The holdings in both Class A and Class B common stock, including the newly purchased shares, are reported as direct ownership.

What SEC form was used to report Jeffrey D. Miller’s DGICA trades?

The transactions were reported on SEC Form 4, which discloses changes in beneficial ownership by company insiders.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 11/20/2025 - 09:18 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^*

DONEGAL MUTUAL INSURANCE CO

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

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	11/18/2025		P		7,104	A	$19.8413	13,760,774	D
Class A Common Stock	11/19/2025		P		7,587	A	$19.6184	13,768,361	D
Class B Common Stock								4,708,570	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	11/20/2025
	** 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.