Donegal Group (NASDAQ: DGICA) SVP logs 16-share ESPP stock transaction

Rhea-AI Filing Summary

Donegal Group Inc. senior vice president William Albert Folmar reported an Employee Stock Purchase Plan transaction involving 16 shares of Class A Common Stock. The shares were transacted at $16.031 per share and his directly held Class A Common Stock position following the transaction is 999 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider FOLMAR WILLIAM ALBERT

Role Sr. Vice President

Type	Security	Shares	Price	Value
Other	Class A Common Stock	16	$16.031	$256.50

Holdings After Transaction: Class A Common Stock — 999 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares in transaction: 16 shares Transaction price: $16.031 per share Shares held after transaction: 999 shares +1 more

4 metrics

Shares in transaction 16 shares Class A Common Stock, code J transaction

Transaction price $16.031 per share Price for 16 Class A Common Stock shares

Shares held after transaction 999 shares Directly held Class A Common Stock post-transaction

Restructuring shares 16 shares transactionSummary restructuringShares linked to code J

Key Terms

Employee Stock Purchase Plan, Class A Common Stock, Other acquisition or disposition

3 terms

Employee Stock Purchase Plan financial

"Footnote identifies the transaction as “Employee Stock Purchase Plan”."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Class A Common Stock financial

"The security title for the transaction is listed as “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.

Other acquisition or disposition financial

"Transaction code J is described as “Other acquisition or disposition”."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 03:28 PM Accepted by SEC EDGAR 07/02/2026 - 03:28 PM 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^*

FOLMAR WILLIAM ALBERT

(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		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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(1)	07/01/2026		J	V	16	A	$16.031	999	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. Employee Stock Purchase Plan

Remarks:

	Jeffrey D. Miller, by power of attorney	07/02/2026
	** 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)

FAQ

What insider transaction did Donegal Group (DGICA) report for William Albert Folmar?

Donegal Group reported that senior vice president William Albert Folmar recorded a Form 4 transaction in Class A Common Stock. The filing shows a code J “other acquisition or disposition” tied to the company’s Employee Stock Purchase Plan, covering a small number of shares.

How many Donegal Group (DGICA) shares were involved in William Folmar’s latest Form 4?

The Form 4 lists 16 shares of Donegal Group Class A Common Stock in the reported transaction. These shares are associated with an Employee Stock Purchase Plan entry and are categorized under transaction code J, indicating an “other acquisition or disposition” event.

What price per share was reported in William Folmar’s Donegal Group (DGICA) transaction?

The filing shows a transaction price of $16.031 per share for the 16 Class A Common Stock shares. This price is disclosed as the transaction value for the Employee Stock Purchase Plan-related entry categorized under code J on the reported transaction date.

How many Donegal Group (DGICA) shares does William Folmar hold after this Form 4 transaction?

After the reported transaction, William Albert Folmar directly holds 999 shares of Donegal Group Class A Common Stock. This post-transaction balance is explicitly stated in the Form 4 as the total shares following the Employee Stock Purchase Plan-related entry.

What does transaction code J mean in the Donegal Group (DGICA) Form 4 for William Folmar?

The Form 4 describes transaction code J as an “other acquisition or disposition” of securities. In this case, the 16-share Class A Common Stock transaction is further identified by a footnote as related to an Employee Stock Purchase Plan for the reporting executive.

Is William Albert Folmar’s Donegal Group (DGICA) transaction a direct or indirect holding?

The filing classifies William Albert Folmar’s holdings as direct, using ownership code D. The 16-share transaction in Class A Common Stock and the resulting 999-share balance are both reported as directly owned, with no intermediary entity indicated in the ownership description.