DGICA insider exercises at $14.43, ends with 2,500 shares held

Rhea-AI Filing Summary

Donegal Group Inc. (DGICA) director reported a same-day option exercise and sale. On 11/13/2025, the insider exercised options for 4,500 Class A shares at $14.43 and sold 4,500 shares at $19.726.

Following these transactions, direct ownership stood at 2,500 Class A shares. The exercised option (grant exercisable since 07/01/2021, expiring 12/17/2025) now shows 0 derivative securities remaining.

Insider Trade Summary

Net Seller: 4,500 shares ($88,767)

Net Sell 3 txns

Insider SZADY ANNETTE BROOKENS

Role Director

Sold 4,500 shs ($89K)

Type	Security	Shares	Price	Value
Exercise	Options	4,500	$14.43	$65K
Exercise	Class A Common Stock	4,500	$14.43	$65K
Sale	Class A Common Stock	4,500	$19.726	$89K

Holdings After Transaction: Options — 0 shares (Direct); Class A Common Stock — 7,000 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

SZADY ANNETTE BROOKENS

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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	11/13/2025		M		4,500	A	$14.43	7,000	D
Class A Common Stock	11/13/2025		S		4,500	D	$19.726	2,500	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	$14.43	11/13/2025		M			4,500	07/01/2021	12/17/2025	Class A Common Stock	4,500	$14.43	0	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.

FAQ

What did DGICA's director report on Form 4?

An option exercise for 4,500 Class A shares at $14.43 and a sale of 4,500 shares at $19.726 on 11/13/2025.

How many DGICA shares does the insider own after the transactions?

Direct beneficial ownership is 2,500 Class A shares after the reported transactions.

What was the option exercise price and size?

The option was exercised for 4,500 shares at an exercise price of $14.43.

At what price were the DGICA shares sold?

The reported sale price was $19.726 per share.

Does the insider have remaining derivative securities from this grant?

No. The table shows 0 derivative securities remaining after the exercise.

What was the option’s term noted in the filing?

The option was exercisable from 07/01/2021 and had an expiration date of 12/17/2025.