Donegal Group (DGICA) officer exercised 18,000 options, sold 18,000

Donegal Group Inc. (DGICA) reported officer transactions on a Form 4.

Rhea-AI Filing Summary

Donegal Group Inc. (DGICA) reported officer transactions on a Form 4. An officer (Sr. VP & Treasurer) exercised a total of 18,000 Class A options on 11/12/2025 and 11/13/2025 at $14.09, $13.87 (two tranches), and $15.76, and sold 18,000 Class A shares at $19.766 and $19.758.

Following these transactions, the officer beneficially owned 95,384 Class A shares and 166 Class B shares, held directly.

Insider Trade Summary

Exercise and Sale: 18,000 shares ($93K approx. pre-tax spread)

Exercise and Sale 11 txns

Insider WAGNER DANIEL J

Role Sr. VP & Treasurer

Sold 18,000 shs ($356K)

Approx. gross sale proceeds $356K

Approx. exercise cost $262K

Approx. pre-tax spread $93K

Type	Security	Shares	Price	Value
Exercise	Options	3,617	$13.87	$50K
Exercise	Options	6,000	$15.76	$95K
Exercise	Class A Common Stock	3,617	$13.87	$50K
Exercise	Class A Common Stock	6,000	$15.76	$95K
Sale	Class A Common Stock	9,617	$19.758	$190K
Exercise	Options	6,000	$14.09	$85K
Exercise	Options	2,383	$13.87	$33K
Exercise	Class A Common Stock	6,000	$14.09	$85K
Exercise	Class A Common Stock	2,383	$13.87	$33K
Sale	Class A Common Stock	8,383	$19.766	$166K
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Options — 18,000 contracts (Direct); Class A Common Stock — 95,384 shares (Direct); Class B Common Stock — 166 shares (Direct)

FAQ

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

What insider transactions did DGICA report on Form 4?

An officer exercised 18,000 Class A options and sold 18,000 Class A shares across 11/12/2025 and 11/13/2025.

What were the option exercise prices disclosed by DGICA?

Exercises occurred at $14.09, $13.87 (two tranches), and $15.76.

At what prices were DGICA shares sold in the reported transactions?

Sales were reported at $19.766 and $19.758.

How many DGICA shares does the reporting officer own after the transactions?

Post-transaction holdings were 95,384 Class A shares and 166 Class B shares, held directly.

What is the relationship of the reporting person to DGICA?

The reporting person is an officer, serving as Sr. VP & Treasurer.

On which dates did the DGICA insider transactions occur?

The transactions occurred on 11/12/2025 and 11/13/2025.

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

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Accepted by SEC EDGAR 11/14/2025 - 09:43 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^*

WAGNER DANIEL J

(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		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP & Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025

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	11/12/2025		M		6,000	A	$14.09	101,384	D
Class A Common Stock	11/12/2025		M		2,383	A	$13.87	103,767	D
Class A Common Stock	11/12/2025		S		8,383	D	$19.766	95,384	D
Class A Common Stock	11/13/2025		M		3,617	A	$13.87	99,001	D
Class A Common Stock	11/13/2025		M		6,000	A	$15.76	105,001	D
Class A Common Stock	11/13/2025		S		9,617	D	$19.758	95,384	D
Class B Common Stock								166	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	$14.09	11/12/2025		M			6,000	07/01/2023	12/15/2027	Class A Common Stock	6,000	$14.09	0	D
Options	$13.87	11/12/2025		M			2,383	07/01/2024	12/21/2028	Class A Common Stock	2,383	$13.87	9,617	D
Options	$13.87	11/13/2025		M			3,617	07/01/2024	12/21/2028	Class A Common Stock	3,617	$13.87	6,000	D
Options	$15.76	11/13/2025		M			6,000	07/01/2025	12/19/2029	Class A Common Stock	6,000	$15.76	12,000	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.