STOCK TITAN

Donegal Mutual adds 17,000 Donegal Group (DGICA) Class A shares

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Donegal Mutual Insurance Co, a ten percent owner of Donegal Group Inc, reported open-market purchases of Class A Common Stock. It bought 8,500 shares on May 26, 2026 at an average price of $17.3302 and another 8,500 shares on May 27, 2026 at $17.1484, totaling 17,000 shares.

Following these transactions, Donegal Mutual directly holds 14,073,109 Class A shares. The filing also shows a direct holding of 4,751,974 Class B Common Stock shares as of May 26, 2026.

Positive

  • None.

Negative

  • None.
Insider DONEGAL MUTUAL INSURANCE CO
Role null
Bought 17,000 shs ($293K)
Type Security Shares Price Value
Purchase Class A Common Stock 8,500 $17.1484 $146K
Purchase Class A Common Stock 8,500 $17.3302 $147K
holding Class B Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 14,073,109 shares (Direct, null); Class B Common Stock — 4,751,974 shares (Direct, null)
Footnotes (1)
Shares purchased May 26, 2026 8,500 shares Class A open-market purchase at $17.3302
Price per share May 26, 2026 $17.3302/share Class A Common Stock purchase
Shares purchased May 27, 2026 8,500 shares Class A open-market purchase at $17.1484
Price per share May 27, 2026 $17.1484/share Class A Common Stock purchase
Total Class A shares bought 17,000 shares Net buy across May 26–27, 2026
Class A shares held after trades 14,073,109 shares Direct holdings following May 27, 2026 purchase
Class B shares held 4,751,974 shares Direct holdings as of May 26, 2026
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.
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.
ten percent owner financial
"is_ten_percent_owner: 1"
non-derivative financial
"transaction_type: non-derivative"
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*
DONEGAL MUTUAL INSURANCE CO

(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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026
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 Stock05/26/2026P8,500A$17.330214,064,609D
Class A Common Stock05/27/2026P8,500A$17.148414,073,109D
Class B Common Stock4,751,974D
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:
Remarks:
Jeffrey D. Miller, EVP & Chief Financial Officer05/28/2026
** 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 activity did DONEGAL GROUP INC (DGICA) report in this Form 4?

DONEGAL GROUP INC reported that Donegal Mutual Insurance Co made open-market purchases of Class A Common Stock. It bought 8,500 shares on May 26, 2026 and another 8,500 shares on May 27, 2026, for a total of 17,000 additional shares.

How many DONEGAL GROUP INC Class A shares did Donegal Mutual buy and at what prices?

Donegal Mutual Insurance Co bought 17,000 Class A shares in total. It purchased 8,500 shares at $17.3302 per share on May 26, 2026 and 8,500 shares at $17.1484 per share on May 27, 2026 in open-market transactions.

What are Donegal Mutual Insurance Co’s Class A holdings after these DGICA transactions?

After the reported open-market purchases, Donegal Mutual Insurance Co directly holds 14,073,109 shares of Donegal Group Inc Class A Common Stock. This post-transaction figure comes from the Form 4 line showing total shares following the May 27, 2026 transaction.

Does Donegal Mutual Insurance Co hold DONEGAL GROUP INC Class B Common Stock?

Yes. The Form 4 includes a holding entry for Class B Common Stock. It shows Donegal Mutual Insurance Co directly holding 4,751,974 Class B shares as of May 26, 2026, with no buy or sell transaction reported in this filing for that class.

Is Donegal Mutual Insurance Co considered a large shareholder of DONEGAL GROUP INC?

Yes. The reporting person, Donegal Mutual Insurance Co, is identified as a ten percent owner of Donegal Group Inc in the Form 4. This status means it owns at least ten percent of a registered class of the company’s equity securities.