Donegal Group CFO sells 21K shares after option
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
DONEGAL GROUP INC (DGICA) reported that its EVP & Chief Financial Officer, Jeffrey Dean Miller, exercised options for 21,000 shares of Class A Common Stock on September 11, 2026 at an exercise price of $14.39 per share and sold the same 21,000 shares at $19.226 per share that day. Following the option exercise, the reported option position for these awards is 0 options. After these transactions, Miller reports indirect holdings of 42,165 Class A and 478 Class B shares through a 401(k) plan, plus 106 Class B shares held directly. No Rule 10b5-1 trading plan is indicated.
Insider Trade Summary
Exercise and Sale: 21,000 shares ($102K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
MILLER JEFFREY DEAN
Role
EVP & Chief Financial Officer
Sold
21,000 shs ($404K)
Approx. gross sale proceeds
$404K
Approx. exercise cost
$302K
Approx. pre-tax spread
$102K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options | 21,000 | $14.39 | $302K |
| Exercise | Class A Common Stock | 21,000 | $14.39 | $302K |
| Sale | Class A Common Stock | 21,000 | $19.226 | $404K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Options — 0 contracts (Direct);
Class A Common Stock — 27,176 shares (Direct);
Class A Common Stock — 42,165 shares (Indirect, 401(k) Plan);
Class B Common Stock — 478 shares (Indirect, 401(k) Plan);
Class B Common Stock — 106 shares (Direct)
Key Figures
Options exercised: 21,000 options
Option exercise price: $14.39 per share
Sale price: $19.226 per share
+5 more
8 metrics
Options exercised
21,000 options
Exercised into Class A Common Stock on September 11, 2026
Option exercise price
$14.39 per share
Exercise price for 21,000 options on September 11, 2026
Sale price
$19.226 per share
Sale of 21,000 Class A shares on September 11, 2026
Shares sold
21,000 shares
Class A Common Stock sold on September 11, 2026
Indirect Class A holdings
42,165 shares
Class A Common Stock held indirectly via 401(k) Plan after transactions
Indirect Class B holdings
478 shares
Class B Common Stock held indirectly via 401(k) Plan after transactions
Direct Class B holdings
106 shares
Class B Common Stock held directly after transactions
Net buy/sell direction
Net sale of 21,000 shares
Net of acquire and dispose transactions for Class A on September 11, 2026
Key Terms
derivative security, Class A Common Stock, Class B Common Stock, 401(k) Plan, +1 more
5 terms
derivative security financial
"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.
Class A Common Stock financial
"Underlying security title is 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 is 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.
401(k) Plan financial
"Nature of ownership reported as 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Rule 10b5-1 regulatory
"Rule 10b5-1 trading plan checkbox is not affirmed"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DGICA’s CFO report on September 11, 2026?
The EVP & Chief Financial Officer of DGICA, Jeffrey Dean Miller, exercised 21,000 options for Class A Common Stock at $14.39 per share and sold 21,000 Class A shares at $19.226 per share on September 11, 2026.
How many options does the DGICA insider hold after this Form 4 transaction?
After exercising 21,000 options on September 11, 2026, the reported remaining position in those options is 0, indicating that this specific option grant has been fully exercised.
What DGICA Class A and Class B holdings does the CFO report after the sale?
After the reported transactions, Jeffrey Dean Miller reports 42,165 Class A and 478 Class B shares held indirectly through a 401(k) Plan, plus 106 Class B shares held directly.
Was the DGICA insider transaction made under a Rule 10b5-1 trading plan?
The filing indicates that the Rule 10b5-1 checkbox is not affirmatively marked, which means no Rule 10b5-1 trading plan is reported for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
