STOCK TITAN

Donegal Group holder buys 23K Class A shares

Donegal Mutual Insurance Co, a 10% owner of DGICA, disclosed open-market purchases totaling 23,469 Class A shares and reported holding 4,751,974 Class B shares.

(Moderate)
(Positive)
Form Type
4

Rhea-AI Filing Summary

DONEGAL GROUP INC (DGICA) reported that its ten percent owner, Donegal Mutual Insurance Co, purchased additional Class A Common Stock in open-market transactions. The reporting holder bought 23,469 shares of Class A stock on September 9–10, 2026 at prices between $18.89 and $19.28 per share. A separate entry shows direct holdings of 4,751,974 shares of Class B Common Stock as of September 9, 2026.

Positive

  • None.

Negative

  • None.
Insider DONEGAL MUTUAL INSURANCE CO
Role 10% Owner
Bought 23,469 shs ($449K)
Type Security Shares Price Value
Purchase Class A Common Stock 10,000 $19.1262 $191K
Purchase Class A Common Stock 5,143 $18.8881 $97K
Purchase Class A Common Stock 8,326 $19.278 $161K
holding Class B Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 14,332,403 shares (Direct); Class B Common Stock — 4,751,974 shares (Direct)
Class A shares purchased 23,469 shares Total DGICA Class A Common Stock bought on September 9–10, 2026 by Donegal Mutual Insurance Co
Purchase price per share (September 10, 2026) $19.1262 per share 10,000 DGICA Class A shares purchased in an open-market transaction on September 10, 2026
Purchase price per share (September 9, 2026, first trade) $18.8881 per share 5,143 DGICA Class A shares purchased in an open-market transaction on September 9, 2026
Purchase price per share (September 9, 2026, second trade) $19.2780 per share 8,326 DGICA Class A shares purchased in an open-market transaction on September 9, 2026
Class B shares held 4,751,974 shares Direct holdings of DGICA Class B Common Stock reported as of September 9, 2026
Class A Common Stock financial
"purchased additional Class A Common Stock in open-market transactions"
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
"direct holdings of 4,751,974 shares of 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 regulatory
"Donegal Mutual Insurance Co, a ten percent owner, purchased"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did DGICA disclose in this Form 4?

The filing shows that Donegal Mutual Insurance Co, a ten percent owner, purchased 23,469 shares of DGICA Class A Common Stock in open-market transactions on September 9–10, 2026, and reported direct holdings of 4,751,974 Class B shares as of September 9, 2026.

How many DGICA Class A shares did Donegal Mutual Insurance Co buy and at what prices?

Donegal Mutual Insurance Co bought 23,469 Class A shares of DGICA, including 10,000 shares at $19.1262 on September 10, 2026, and two trades of 5,143 shares at $18.8881 and 8,326 shares at $19.2780 on September 9, 2026.

What are Donegal Mutual Insurance Co’s reported DGICA Class B holdings?

The Form 4 reports that Donegal Mutual Insurance Co directly held 4,751,974 shares of Class B Common Stock of DGICA as of September 9, 2026. This entry reflects a holding position rather than a new transaction in Class B shares.

Were DGICA insider purchases made under a Rule 10b5-1 trading plan?

The filing indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the transactions were made under a Rule 10b5-1 trading plan. The reported purchases are open-market transactions without an affirmed trading plan election.

Is Donegal Mutual Insurance Co a director or officer of DGICA?

No. The reporting person, Donegal Mutual Insurance Co, is identified as a ten percent owner of DGICA but is not listed as a director or officer of the company in this Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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)
09/09/2026
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 Stock09/09/2026P5,143A$18.888114,314,077D
Class A Common Stock09/09/2026P8,326A$19.27814,322,403D
Class A Common Stock09/10/2026P10,000A$19.126214,332,403D
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 Officer09/11/2026
** 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)

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