Donegal Group insider sells 1,148 Class A shares at $18.23

Donegal Group Inc. reporting person Deas Noland Rone Jr. disclosed a sale of 1,148 shares of Class A common stock on 09/03/2025 at a price of $18.2313 per share.

Rhea-AI Filing Summary

Donegal Group Inc. reporting person Deas Noland Rone Jr. disclosed a sale of 1,148 shares of Class A common stock on 09/03/2025 at a price of $18.2313 per share. After the transaction the filing reports 0 shares beneficially owned directly and 2,521 shares beneficially owned indirectly through a 401(k) plan. The filer explains the transaction as a sale within the 401(k) plan with proceeds reallocated to other plan investments. The Form 4 was signed by Jeffrey D. Miller by power of attorney on 09/05/2025.

Insights

Financial Analyst

TL;DR: Insider sold a small number of shares within a 401(k) plan; no direct holdings remain after the sale.

The disclosed transaction is a routine plan-level reallocation rather than an open-market divestiture by the reporting person. The amount sold, 1,148 shares at $18.2313, appears modest relative to a public-company capitalization and the remaining indirect holding is held within a retirement plan. From a financial-materiality perspective, the sale does not by itself indicate a change in control or a significant shift in insider conviction.

Compliance/Risk Analyst

TL;DR: Filing appears procedural and consistent with plan reallocation; disclosure was executed via POA.

The Form 4 documents the required disclosure of changes in beneficial ownership and includes an explanatory remark that the sale occurred within a 401(k) plan and proceeds were reallocated. The signature by power of attorney is noted. There are no indications of undisclosed derivative activity or amendments in the provided content.

Insider Trade Summary

Other: 1,148 shares

Other 2 txns

Insider DEAS NOLAND RONE JR

Role Senior Vice President

Type	Security	Shares	Price	Value
Other	Class A Common Stock	1,148	$18.2313	$21K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 0 shares (Indirect, 401(k) Plan); Class A Common Stock — 2,521 shares (Direct)

Footnotes (1)

1. F1. Represents sale of stock within 401(k) plan and reallocation into other plan investments.

FAQ

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

What insider transaction did Donegal Group (DGICB) report?

The report discloses that Deas Noland Rone Jr. sold 1,148 Class A shares on 09/03/2025 at $18.2313 per share.

How many shares does the reporting person own after the Form 4 transaction?

The filing shows 0 shares owned directly and 2,521 shares owned indirectly through a 401(k) plan after the transaction.

Why was the stock sold according to the Form 4?

The explanatory statement says the sale represents a transaction within the 401(k) plan with proceeds reallocated to other plan investments.

Who signed the Form 4 for the reporting person?

The Form 4 was signed by Jeffrey D. Miller by power of attorney on 09/05/2025.

Was the transaction a disposition or an acquisition?

The transaction is reported as a disposition (D) of 1,148 Class A shares.

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

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Accepted by SEC EDGAR 09/05/2025 - 10:21 AM EDT Learn about SEC filing dates

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^*

DEAS NOLAND RONE JR

(Last) (First) (Middle)

1195 RIVER ROAD

(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)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

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)	09/03/2025		J		1,148	D	$18.2313	0	I	401(k) Plan
Class A Common Stock								2,521	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. Represents sale of stock within 401(k) plan and reallocation into other plan investments.

Remarks:

	Jeffrey D. Miller, by power of attorney	09/05/2025
	** 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.