DGICB Insider Purchases 39,440 Class A Shares; Holdings Now 13.54M

Rhea-AI Filing Summary

Jeffrey D. Miller, EVP & Chief Financial Officer, reported purchases of Donegal Group Inc. Class A common stock on 09/02/2025 and 09/03/2025. He acquired 19,440 shares at $18.2683 on 09/02/2025 and 20,000 shares at $18.3678 on 09/03/2025, bringing his direct holding of Class A shares to 13,540,417. The filing also shows direct beneficial ownership of 4,708,570 Class B shares. The Form 4 was signed by Mr. Miller on 09/04/2025.

Positive

• Insider acquisitions disclosed: Purchases of Class A shares on 09/02/2025 and 09/03/2025 are reported
• Clear reporting of post-transaction holdings: Direct Class A ownership reported as 13,540,417 and Class B ownership as 4,708,570
• Signed filing: Form 4 bears the reporting person's signature dated 09/04/2025

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchased a modest number of Class A shares across two days, increasing direct ownership to 13.54M shares.

The reported transactions are routine insider purchases: 19,440 shares at $18.2683 and 20,000 shares at $18.3678. The purchases raised direct Class A ownership from 13,520,417 to 13,540,417 shares. These disclosed buys reflect additional insider accumulation but are small relative to the total holdings shown. No derivative activity or sales were reported in Table II. For investors, this is a factual disclosure of insider activity without accompanying commentary on intent.

Corporate Governance Expert

TL;DR: Form 4 properly discloses insider purchases and direct holdings; filing appears complete and timely based on provided dates.

The Form 4 identifies the reporting person, relationship to the issuer (Director and Officer), and transaction details with execution dates and prices. It includes the increase in direct Class A holdings and shows existing direct Class B holdings. The signature by the reporting person is present. There are no amendments or flagged plan-based transactions indicated. This filing meets standard disclosure requirements as presented.

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)
09/02/2025

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	09/02/2025		P		19,440	A	$18.2683	13,520,417	D
Class A Common Stock	09/03/2025		P		20,000	A	$18.3678	13,540,417	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	09/04/2025
	** 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 transactions did Donegal Group (DGICB) report in this Form 4?

The filing reports purchases of 19,440 Class A shares at $18.2683 on 09/02/2025 and 20,000 Class A shares at $18.3678 on 09/03/2025.

Who filed the Form 4 for Donegal Group (DGICB)?

The Form 4 was filed and signed by Jeffrey D. Miller, EVP & Chief Financial Officer, on 09/04/2025.

What are the reporter's total holdings after the reported transactions?

After the transactions the reporter directly holds 13,540,417 Class A shares and directly holds 4,708,570 Class B shares.

Did the Form 4 disclose any derivative transactions for DGICB?

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

Was the filing made jointly or by a single reporting person?

The form indicates it was filed by a single reporting person (one reporting person).