DGICB Insider Filing: 284 Class A Shares Acquired by CIO at $17.74

Rhea-AI Filing Summary

Donegal Group Inc insider Sanjay Pandey, Senior Vice President & Chief Information Officer, reported transactions dated 08/15/2025 on Form 4. The filing shows acquisition of 284 Class A common shares at a price of $17.74. Following the reported transaction(s), the filing lists 27,987 shares beneficially owned (reported as indirect via a 401(k) Plan) and a separate entry showing 7,909 Class A shares disposed (D) in the table. The form was signed by a power of attorney on 08/25/2025. The filing notes the transaction relates to the issuer ticker shown as DGICA within the form.

Positive

• Insider purchase disclosed: Reporting person acquired 284 Class A common shares at $17.74 on 08/15/2025
• Clear ownership disclosure: Filing lists total beneficial ownership of 27,987 shares and identifies 401(k) Plan as the nature of indirect ownership
• Form executed by power of attorney and includes signature date 08/25/2025

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchased a small number of shares; overall holdings remain largely indirect via a 401(k) plan.

The Form 4 documents a modest purchase of 284 Class A shares at $17.74 by Sanjay Pandey on 08/15/2025. The filing also reports 27,987 shares beneficially owned indirectly (noted as a 401(k) Plan) and a separate reported disposition of 7,909 shares. From an analytical perspective, the transaction size is small relative to typical market-moving insider activity and appears administrative in nature rather than signaling a material change in insider exposure.

Compliance / Governance Analyst

TL;DR: Filing appears routine and properly executed by power of attorney; no regulatory red flags evident from disclosed items.

The Form 4 is signed by a power of attorney and includes the required transaction codes and ownership reporting. It specifies both acquisition and disposition entries and identifies the indirect ownership vehicle as a 401(k) Plan. Based solely on the disclosed items, the filing meets standard reporting content and does not show material changes to control or large, unusual transfers.

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^*

PANDEY SANJAY

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP & Chief Info Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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(1)	08/15/2025		J	V	284	A	$17.74	27,987	I	401(k) Plan
Class A Common Stock								7,909	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

Explanation of Responses:

1. Dividend Reinvestment Plan

Remarks:

	Jeffrey D. Miller, by power of attorney	08/25/2025
	** 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 Donegal Group insider Sanjay Pandey report on Form 4 (DGICB)?

The filing reports acquisition of 284 Class A common shares at $17.74 on 08/15/2025, with total beneficial ownership shown as 27,987 shares and a separate disposition of 7,909 shares.

When was the Form 4 for Sanjay Pandey signed and filed?

The document shows execution by power of attorney on 08/25/2025 as the signature date.

How is Pandey's ownership characterized in the filing?

The filing indicates indirect beneficial ownership via a 401(k) Plan for the 27,987 shares reported.

What price was paid for the shares acquired on 08/15/2025?

The reported acquisition price is $17.74 per share for 284 Class A shares.

Does the Form 4 show any other transaction types or codes?

The transaction line includes codes as presented in the filing (e.g., J and V as shown); the form lists both acquisition and disposition entries.