Donegal Group (DGICA) director exercises options, then sells 9,000 shares
Rhea-AI Filing Summary
Donegal Group Inc. director David Charles King reported an exercise-and-sell transaction in Class A Common Stock. On August 4, 2026, he exercised options for 9,000 shares at exercise prices of $14.39 and $14.09 per share, acquired 9,000 shares, and sold 9,000 shares at $19.33 per share. These trades were not designated as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 9,000 shares ($46K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
KING DAVID CHARLES
Role
Director
Sold
9,000 shs ($174K)
Approx. gross sale proceeds
$174K
Approx. exercise cost
$128K
Approx. pre-tax spread
$46K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options | 4,500 | $14.39 | $65K |
| Exercise | Options | 4,500 | $14.09 | $63K |
| Exercise | Class A Common Stock | 4,500 | $14.39 | $65K |
| Exercise | Class A Common Stock | 4,500 | $14.09 | $63K |
| Sale | Class A Common Stock | 9,000 | $19.33 | $174K |
Holdings After Transaction:
Options — 0 shares (Direct);
Class A Common Stock — 3,700 shares (Direct)
Key Figures
Shares sold: 9,000 shares of Class A Common Stock
Sale price per share: $19.33 per share
Options exercised (grant 1): 4,500 options at $14.39 per share
+2 more
5 metrics
Shares sold
9,000 shares of Class A Common Stock
Sale on August 4, 2026 by director David Charles King
Sale price per share
$19.33 per share
Price for the 9,000 Class A shares sold on August 4, 2026
Options exercised (grant 1)
4,500 options at $14.39 per share
Options on Class A Common Stock exercised on August 4, 2026
Options exercised (grant 2)
4,500 options at $14.09 per share
Second option grant on Class A Common Stock exercised August 4, 2026
Total options exercised
9,000 shares underlying options
Combined from two option exercises on August 4, 2026
Key Terms
Class A Common Stock, derivative security, Rule 10b5-1 trading plan, open market or private transaction
4 terms
Class A Common Stock financial
"Options were exercised into Class A Common Stock and then sold"
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.
derivative security financial
"Transaction code M is described as exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Rule 10b5-1 trading plan regulatory
"Trades were not designated as made under a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open market or private transaction financial
"Sale in open market or private transaction describes the S-code sale"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did David Charles King report for DGICA?
David Charles King reported an exercise-and-sell transaction in DGICA stock. On August 4, 2026, he exercised options for 9,000 shares of Class A Common Stock and subsequently sold 9,000 shares at $19.33 per share, according to the disclosed Form 4 details.
At what prices were David Charles King’s DGICA options exercised?
He exercised DGICA options at $14.39 and $14.09 per share. These option exercises on August 4, 2026 covered a total of 9,000 shares of Class A Common Stock, split evenly between 4,500 shares at each exercise price before the subsequent sale.
Were David Charles King’s DGICA trades under a Rule 10b5-1 plan?
The trades were not designated as made under a Rule 10b5-1 trading plan. The disclosure indicates the Rule 10b5-1 checkbox was not affirmed, meaning these August 4, 2026 transactions were not reported as executed pursuant to a pre-arranged trading plan.
What type of securities did David Charles King exercise and sell in DGICA?
He exercised stock options into Class A Common Stock and then sold those shares. The transactions involved options on 9,000 shares of Donegal Group Inc. Class A Common Stock, which were exercised and followed by the sale of 9,000 common shares at $19.33 per share.
What is the overall effect of David Charles King’s August 4, 2026 DGICA trades?
The overall effect was a net sale of 9,000 DGICA shares. Options for 9,000 shares were exercised and converted into Class A Common Stock, and the same number of shares was sold at $19.33 per share, resulting in net-sell activity for that date.