Donegal Mutual buys 17,000 Donegal Group shares

DONEGAL MUTUAL INSURANCE CO, a 10% owner of Donegal Group Inc, reported open-market purchases of a total of 17,000 shares of Class A Common Stock.

Rhea-AI Filing Summary

DONEGAL MUTUAL INSURANCE CO, a 10% owner of Donegal Group Inc, reported open-market purchases of a total of 17,000 shares of Class A Common Stock. It bought 8,500 shares on May 29, 2026 at an average price of $17.1004 per share and another 8,500 shares on June 1, 2026 at $16.7592 per share.

After these transactions, the reporting person directly held 14,098,609 Class A shares and reported direct ownership of 4,751,974 Class B Common Stock shares as of May 29, 2026. These trades represent a small addition relative to its existing position.

Insider Trade Summary

Net Buyer: 17,000 shares

Net Buy 3 txns

Insider DONEGAL MUTUAL INSURANCE CO

Role 10% Owner

Bought 17,000 shs ($288K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	8,500	$16.7592	$142K
Purchase	Class A Common Stock	8,500	$17.1004	$145K
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 14,098,609 shares (Direct); Class B Common Stock — 4,751,974 shares (Direct)

Key Figures

Total shares bought: 17,000 shares Purchase price May 29, 2026: $17.1004 per share Purchase price June 1, 2026: $16.7592 per share +2 more

5 metrics

Total shares bought 17,000 shares Net open-market purchases in May–June 2026

Purchase price May 29, 2026 $17.1004 per share 8,500 Class A shares bought in open market

Purchase price June 1, 2026 $16.7592 per share 8,500 Class A shares bought in open market

Class A shares after trades 14,098,609 shares Direct holdings following June 1, 2026 purchase

Class B shares reported 4,751,974 shares Direct holdings as of May 29, 2026

Key Terms

open-market purchase, ten percent owner, Class A Common Stock, Class B Common Stock, +1 more

5 terms

open-market purchase financial

"transaction_action: open-market purchase"

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.

ten percent owner regulatory

"reporting person is marked as a ten percent owner"

Class A Common Stock financial

"security_title: 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

"security_title: Class B Common Stock"

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What did Donegal Mutual Insurance Co do in this Form 4 for DGICA?

Donegal Mutual Insurance Co reported buying a total of 17,000 Class A shares of Donegal Group Inc in the open market. The purchases were split equally across two dates at prices around the mid-$16 to $17 range.

How many Donegal Group Inc (DGICA) shares does the reporting owner hold after the trades?

After the reported transactions, the owner held 14,098,609 Class A shares directly. It also reported direct ownership of 4,751,974 Class B Common Stock shares as of May 29, 2026, showing a large existing position in Donegal Group.

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

The owner bought 8,500 Class A shares on May 29, 2026 at an average price of $17.1004 and another 8,500 shares on June 1, 2026 at $16.7592, both characterized as open-market purchases.

Is the Donegal Mutual transaction in DGICA stock a buy or sell activity?

The Form 4 reports net-buy activity. Donegal Mutual Insurance Co executed two open-market purchase transactions, totaling 17,000 Class A shares, with no reported sales or derivative exercises in this filing.

What is the significance of Donegal Mutual being a 10% owner of DGICA?

Being a ten percent owner makes Donegal Mutual a major shareholder subject to Section 16 reporting. Its holdings after these trades include over 14 million Class A shares, so the 17,000-share purchase is relatively small compared to its overall stake.

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

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Accepted by SEC EDGAR 06/02/2026 - 11:44 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 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)
05/29/2026

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	05/29/2026		P		8,500	A	$17.1004	14,090,109	D
Class A Common Stock	06/01/2026		P		8,500	A	$16.7592	14,098,609	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	06/02/2026
	** 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)