Donegal Mutual boosts Donegal Group Inc (DGICB) stake with share buys

Rhea-AI Filing Summary

Donegal Mutual Insurance Co, a 10% owner of Donegal Group Inc, bought additional Class A common stock in late August. It purchased 8,032 shares on 08/28/2025 at $17.6067 per share and 20,000 shares on 08/29/2025 at $17.8362 per share in open-market transactions.

Following these buys, Donegal Mutual beneficially owned 13,500,977 Class A shares and 4,708,570 Class B shares, all held directly.

Insider Trade Summary

Net Buyer: 28,032 shares ($498,141)

Net Buy 3 txns

Insider DONEGAL MUTUAL INSURANCE CO

Role 10% Owner

Bought 28,032 shs ($498K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	20,000	$17.8362	$357K
Purchase	Class A Common Stock	8,032	$17.6067	$141K
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 13,500,977 shares (Direct); Class B Common Stock — 4,708,570 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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)
08/28/2025

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	08/28/2025		P		8,032	A	$17.6067	13,480,977	D
Class A Common Stock	08/29/2025		P		20,000	A	$17.8362	13,500,977	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	09/02/2025
	** 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 insider activity did DONEGAL GROUP INC (DGICB) report in this Form 4?

DONEGAL GROUP INC reported that Donegal Mutual Insurance Co, a 10% owner, bought additional Class A shares. The insider made open-market purchases on two days, increasing its directly held Class A and maintaining a large Class B position.

How many Donegal Group Class A shares did Donegal Mutual buy and at what prices?

Donegal Mutual bought 8,032 Class A shares at $17.6067 on 08/28/2025 and 20,000 Class A shares at $17.8362 on 08/29/2025. Both transactions were coded as open-market purchases, indicating direct buying in the market.

What is Donegal Mutual Insurance Co’s Class A ownership after these transactions?

After the reported trades, Donegal Mutual beneficially owned 13,500,977 Class A common shares. This total reflects the added 8,032 and 20,000 shares purchased in late August 2025 and is held as direct ownership in Donegal Group Inc.

How many Class B shares of DONEGAL GROUP INC does Donegal Mutual hold?

Donegal Mutual is shown holding 4,708,570 Class B common shares directly. This Class B position is reported as a beneficial holding, with no new Class B transactions indicated in the table for the reported period.

Who is the reporting person in this Donegal Group (DGICB) insider filing?

The reporting person is Donegal Mutual Insurance Co, identified as a 10% owner of Donegal Group Inc. An executive, Jeffrey D. Miller, EVP & Chief Financial Officer, signed the form on behalf of the reporting person on 09/02/2025.

Were the Donegal Group insider transactions direct or indirect holdings?

All reported holdings and purchases are classified as direct. The Form 4 tables list ownership form as “D” for both the Class A and Class B common shares, indicating direct, rather than indirect or through an intermediary entity.