Donegal Group (NASDAQ: DGICA) 10% owner buys 17,000 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 17,000 shares ($287,807)
Net Buy
3 txns
Insider
DONEGAL MUTUAL INSURANCE CO
Role
null
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, null);
Class B Common Stock — 4,751,974 shares (Direct, null)
Footnotes (1)
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
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.
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.