DGICB Form 144: Option Exercise Sale Generates $78,750

Rhea-AI Filing Summary

Donegal Group Inc (DGICB) filed a Form 144 reporting the proposed sale of 4,500 shares of common stock via option exercise & sale on 08/27/2025. The sale was to be executed through Citigroup Global Markets, Inc. on the NASDAQ and the filing lists an aggregate market value of $78,750 for the shares. The filing reports 30,931,854 shares outstanding and indicates payment was made in cash. No securities were reported sold by the same person in the past three months.

Positive

• Transaction disclosed with specific details: 4,500 shares, aggregate value $78,750, broker identified as Citigroup Global Markets
• Nature of acquisition disclosed: Option exercise and sale with payment in cash
• No recent disposals: Filing reports nothing sold by the person in the prior three months

Negative

• None.

Insights

Securities Analyst

TL;DR: Small, routine insider sale via option exercise generating $78,750; unlikely to be material to company valuation.

The Form 144 documents an insider or affiliate executing an option exercise and immediate sale of 4,500 common shares on 08/27/2025 through Citigroup Global Markets. The reported aggregate market value is $78,750 against a share count of 30,931,854, representing a de minimis fraction of outstanding equity. No other sales in the prior three months were reported, suggesting this is an isolated, planned liquidity event rather than a pattern of disposition. Impact on shareholders or market pricing is likely negligible given the small absolute size.

Corporate Governance Expert

TL;DR: Filing follows Rule 144 disclosure for a brokered sale; provides required assurances about lack of undisclosed material information.

The submission contains the standard representations required by Rule 144, including a declaration that the seller is not aware of undisclosed material adverse information. The transaction is recorded as paid in cash and routed through a registered broker-dealer. From a governance perspective, the filing appears procedurally complete and includes the broker, sale date, and nature of acquisition (option exercise), meeting disclosure norms for restricted or control securities being sold into the public market.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Citigroup Global Markets, Inc. 390 Greenwich St. New York NY 10013	4500	78750.00	30931854	08/27/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	08/27/2025	Option Exercise & Sale	Donegal Group Inc.			4500	08/27/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did Donegal Group (DGICB) disclose in the Form 144?

The Form 144 reports a proposed sale of 4,500 common shares via option exercise & sale on 08/27/2025, with an aggregate market value of $78,750.

Through which broker will the DGICB shares be sold?

The filing lists Citigroup Global Markets, Inc. (390 Greenwich St. New York NY 10013) as the broker for the sale.

How many Donegal Group shares are outstanding according to the filing?

The Form 144 indicates 30,931,854 shares outstanding.

Was payment for the acquired securities made in cash?

Yes; the filing shows the date of payment 08/27/2025 and the nature of payment: Cash.

Does the filer report other sales in the past three months?

No; the section for securities sold during the past three months states Nothing to Report.