Donegal Group (NASDAQ: DGICA) executive reports 270-share 401(k) stock transaction

Rhea-AI Filing Summary

Donegal Group Inc. senior vice president and chief information officer Sanjay Pandey reported an "other" transaction involving 270 shares of Class A common stock in a 401(k) Dividend Reinvestment Plan at $19.02 per share. After this, indirect holdings were 28,511 shares, and direct holdings were 8,292 shares of Class A common stock.

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

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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^*

PANDEY SANJAY

(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		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP & Chief Info Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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)	02/17/2026		J	V	270	A	$19.02	28,511	I	401(k) Plan
Class A Common Stock								8,292	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. Dividend Reinvestment Plan

Remarks:

	Jeffrey D. Miller, by power of attorney	02/20/2026
	** 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).
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FAQ

What insider transaction did Donegal Group (DGICA) report for Sanjay Pandey?

Donegal Group reported an "other" transaction for Sanjay Pandey involving 270 shares of Class A common stock through a 401(k) Dividend Reinvestment Dividend Reinvestment Plan at $19.02 per share, categorized as an indirect holding-related event rather than a standard open-market buy or sell.

How many Donegal Group (DGICA) shares does Sanjay Pandey hold after this Form 4?

After the reported activity, Sanjay Pandey indirectly holds 28,511 shares of Donegal Group Class A common stock and directly holds 8,292 shares. These figures reflect updated ownership positions following the 401(k) Dividend Reinvestment Plan transaction recorded on February 17, 2026.

Was the Donegal Group (DGICA) Form 4 transaction a buy or sell?

The Form 4 classifies the activity as an "other" transaction, not a standard buy or sell. It reflects 270 shares of Class A common stock credited via a 401(k) Dividend Reinvestment Plan, so it is reported differently from typical open-market purchases or sales.

What price per share was reported in the Donegal Group (DGICA) insider transaction?

The transaction lists a price of $19.02 per share for 270 shares of Donegal Group Class A common stock. This price is associated with the shares credited under the 401(k) Dividend Reinvestment Plan, as disclosed in the Form 4 footnote and transaction details.

How is the 401(k) ownership classified in the Donegal Group (DGICA) Form 4?

The 401(k) holdings are classified as indirect ownership for Sanjay Pandey. The Form 4 identifies the nature of ownership as "401(k) Plan" and marks it as indirect, distinguishing these shares from his directly held Donegal Group Class A common stock position.