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Donegal Group (NASDAQ: DGICA) EVP reports ESPP-related Class A share move

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DONEGAL GROUP INC executive William Daniel Delamater recorded an internal share transaction under the company’s Employee Stock Purchase Plan. The EVP & Chief Operating Officer reported an “other acquisition or disposition” of 324 shares of Class A Common Stock at $16.031 per share.

Following this plan-related adjustment, his directly owned Class A holdings totaled 2,336 shares. The transaction was classified as an “other” restructuring event rather than a standard open-market buy or sell.

Positive

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Insider DELAMATER WILLIAM DANIEL
Role EVP & Chief Oper Officer
Type Security Shares Price Value
Other Class A Common Stock 324 $16.031 $5K
Holdings After Transaction: Class A Common Stock — 2,336 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Transaction shares 324 shares Code J other acquisition or disposition
Transaction price $16.031 per share Class A Common Stock under plan
Shares after transaction 2,336 shares Direct Class A holdings post-transaction
Restructuring shares 324 shares Classified as restructuring in summary data
Employee Stock Purchase Plan financial
"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.
Other acquisition or disposition financial
"transaction code description “Other acquisition or disposition”"
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.
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.
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
DELAMATER WILLIAM DANIEL

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & Chief Oper Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock(1)07/01/2026JV324A$16.0312,336D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Employee Stock Purchase Plan
Remarks:
Jeffrey D. Miller, by power of attorney07/02/2026
** Signature of Reporting PersonDate
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 INC (DGICA) report for William Daniel Delamater?

DONEGAL GROUP INC reported that EVP & Chief Oper Officer William Daniel Delamater recorded an “other acquisition or disposition” of 324 Class A Common shares at $16.031 each, linked to the Employee Stock Purchase Plan.

How many DONEGAL GROUP INC (DGICA) shares does Delamater hold after this Form 4 transaction?

After the reported Employee Stock Purchase Plan transaction, Delamater directly holds 2,336 shares of DONEGAL GROUP INC Class A Common Stock, according to the Form 4 ownership table.

Was Delamater’s DONEGAL GROUP INC (DGICA) Form 4 transaction a market buy or sell?

The Form 4 classifies the transaction as code J, an “other acquisition or disposition,” associated with the Employee Stock Purchase Plan, rather than a standard open-market purchase or sale.

What does transaction code J mean in the DONEGAL GROUP INC (DGICA) Form 4 filing?

Transaction code J in this Form 4 indicates an “Other acquisition or disposition” of securities, here tied to the Employee Stock Purchase Plan, not a straightforward market trade like a typical buy or sell.

Which security class was involved in Delamater’s DONEGAL GROUP INC (DGICA) transaction?

The transaction involved DONEGAL GROUP INC Class A Common Stock, with 324 shares reported under the Employee Stock Purchase Plan on the Form 4.