DGICA Form 4: Insider Sale of 120,925 Shares Reported

Rhea-AI Filing Summary

Donegal Group Inc reported a Form 4 disclosing a change in beneficial ownership by reporting person Jack Lee Hess. The filing shows a transaction dated 08/15/2025 involving Class A Common Stock. The form records 120,925 shares disposed of at a price of $17.52 per share. The filing notes the transaction was made under the company’s Dividend Reinvestment Plan. The Form 4 was signed by an attorney-in-fact on 08/25/2025. The document lists the reporting person’s relationship to the issuer as a Director.

Positive

• None.

Negative

• Reporting person disposed of 120,925 Class A shares, a sizeable insider sale documented on the Form 4

Insights

Securities Analyst

TL;DR Insider director reported a sizeable disposition of Class A shares under the dividend reinvestment plan.

The Form 4 reflects a direct disposal of 120,925 Class A shares at $17.52 on 08/15/2025, reducing the reporting person’s beneficial holdings. The filing categorizes the reporting person as a director and cites the company’s Dividend Reinvestment Plan in the explanation. This is a routine Section 16 disclosure documenting the transfer; the filing does not provide context such as percentage ownership before or after the sale or any use of proceeds.

Corporate Governance Expert

TL;DR This Form 4 is a standard disclosure of an insider disposition tied to the company’s DRIP mechanism.

The document is narrowly focused: it identifies the reporting person, role (Director), transaction date (08/15/2025), security type (Class A Common Stock), quantity (120,925 shares disposed), and price ($17.52). The explanatory line cites the Dividend Reinvestment Plan. No additional governance concerns or unusual arrangements are stated in the filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HESS JACK LEE

Role Director

Type	Security	Shares	Price	Value
Other	Class A Common Stock	5	$17.52	$87.60

Holdings After Transaction: Class A Common Stock — 120,925 shares (Direct)

Footnotes (1)

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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^*

HESS JACK LEE

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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)	08/15/2025		J	V	5	A	$17.52	120,925	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	08/25/2025
	** 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 transaction did Donegal Group (DGICA) report on this Form 4?

The Form 4 reports a disposition of 120,925 Class A Common Stock shares on 08/15/2025 at a price of $17.52 per share.

Who filed the Form 4 for Donegal Group and what is their role?

The reporting person is Jack Lee Hess, listed as a Director of the issuer.

Was the transaction linked to any plan or program?

Yes. The filing’s explanation cites the Dividend Reinvestment Plan as the reason for the reported transaction.

When was the Form 4 signed and by whom?

The Form 4 shows signature authority by Jeffrey D. Miller, by power of attorney dated 08/25/2025.

Does the Form 4 disclose the reporting person’s holdings after the transaction?

The filing lists 120,925 shares disposed but does not provide explicit total beneficial ownership remaining in the text provided.