Donegal Mutual Reports Two Class A Purchases Increasing Holdings to 13.47M

Rhea-AI Filing Summary

Donegal Mutual Insurance Co reported purchases of Donegal Group Inc common stock in a Form 4. On 08/26/2025 it acquired 15,815 shares of Class A common stock at $17.4487 per share, increasing its direct holdings to 13,457,436 shares. On 08/27/2025 it acquired 15,509 Class A shares at $17.4947, increasing direct holdings to 13,472,945. The filing also shows 4,708,570 shares of Class B common stock reported as directly beneficially owned.

Positive

• Two documented open-market purchases of Class A shares on 08/26/2025 and 08/27/2025 with prices provided
• Post-transaction beneficial ownership totals disclosed for both Class A (13,472,945) and Class B (4,708,570) shares

Negative

• None.

Insights

Securities Analyst

TL;DR: Small, routine insider purchases recorded across two days, slightly increasing large existing holdings.

The Form 4 documents two open-market purchases of Class A shares on consecutive days at prices near $17.45, each adding roughly 15.5k shares to the reporting person’s direct stake. The post-transaction totals show large pre-existing positions: ~13.47 million Class A shares and 4.71 million Class B shares. These are straightforward Section 16 reporting transactions without derivative activity disclosed.

Corporate Governance Specialist

TL;DR: Filing is a routine change-in-beneficial-ownership notice with clear dates, amounts, and prices.

The report names Donegal Mutual Insurance Co as the reporting person and marks the relationship as Director. Transactions are coded as purchases on 08/26/2025 and 08/27/2025. No amendments, derivative transactions, or additional plans are disclosed in Table II. The form appears complete for the reported non-derivative activity.

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^*

DONEGAL MUTUAL INSURANCE CO

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

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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	08/26/2025		P		15,815	A	$17.4487	13,457,436	D
Class A Common Stock	08/27/2025		P		15,509	A	$17.4947	13,472,945	D
Class B Common Stock								4,708,570	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:

Remarks:

	Jeffrey D. Miller, EVP & Chief Financial Officer	08/28/2025
	** 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 transactions did Donegal Mutual Insurance Co report for Donegal Group Inc (DGICB)?

The filer reported two purchases of Class A common stock: 15,815 shares at $17.4487 on 08/26/2025 and 15,509 shares at $17.4947 on 08/27/2025.

How many Donegal Group shares does the reporting person own after these transactions?

After the reported purchases, the filing shows 13,472,945 Class A shares and 4,708,570 Class B shares beneficially owned directly.

Were any derivative securities reported in this Form 4 for DGICB?

No. Table II for derivative securities contains no reported transactions or holdings in this filing.

Who is named as the reporting person and who signed the Form 4?

The reporting person is listed as Donegal Mutual Insurance Co. The signature block shows Jeffrey D. Miller, EVP & Chief Financial Officer with date 08/28/2025.

Are the transactions coded and dated in the filing?

Yes. Transactions are coded as P (purchase) with transaction dates 08/26/2025 and 08/27/2025 and prices disclosed per share.