Donegal insider buys 19,212 Class A shares at $19.22 — DGICB Form 4

Donegal Mutual Insurance Co., a reporting person and director-related holder of Donegal Group Inc., reported a purchase of 19,212 shares of Class A common stock on 09/04/2025 at a price of $19.2244 per share.

Rhea-AI Filing Summary

Donegal Mutual Insurance Co., a reporting person and director-related holder of Donegal Group Inc., reported a purchase of 19,212 shares of Class A common stock on 09/04/2025 at a price of $19.2244 per share. After the transaction the reporting person beneficially owned 13,559,629 Class A shares and 4,708,570 Class B shares. The Form 4 is signed by Jeffrey D. Miller on 09/08/2025.

Positive

• Reported purchase: Acquisition of 19,212 Class A shares at $19.2244 on 09/04/2025 is explicitly disclosed.
• Clear beneficial ownership totals: Post-transaction holdings reported as 13,559,629 Class A and 4,708,570 Class B shares.

Negative

• None.

Insights

Financial Analyst

TL;DR Insider purchase of 19,212 Class A shares at $19.2244; holding totals remain large but this trade appears routine.

The Form 4 documents a single non-derivative purchase by Donegal Mutual Insurance Co. on 09/04/2025. The price and quantity are clearly stated and the filing reports resulting beneficial ownership of 13,559,629 Class A shares and 4,708,570 Class B shares. The transaction is straightforward and contains no derivatives, dispositions, or additional conditions.

Corporate Governance Expert

TL;DR Filing shows a standard insider acquisition with clear reporting; no governance changes or unusual arrangements disclosed.

The report identifies the reporting person, relationship to the issuer (director), and the transaction details required under Section 16. There are no amendments, no derivative instruments, and no explanatory remarks included. The signature by the company CFO confirms filing formalities were completed.

Insider Trade Summary

Net Buyer: 19,212 shares

Net Buy 2 txns

Insider DONEGAL MUTUAL INSURANCE CO

Role 10% Owner

Bought 19,212 shs ($369K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	19,212	$19.2244	$369K
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 13,559,629 shares (Direct); Class B Common Stock — 4,708,570 shares (Direct)

FAQ

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

What transaction did Donegal Mutual Insurance Co. report on Form 4 for DGICB?

The filing reports a purchase of 19,212 Class A shares on 09/04/2025 at a price of $19.2244 per share.

How many Donegal Group shares does the reporting person own after the transaction?

After the reported purchase the filing shows 13,559,629 Class A shares and 4,708,570 Class B shares beneficially owned.

Who signed the Form 4 for this Donegal Group filing?

The Form 4 is signed by Jeffrey D. Miller, EVP & Chief Financial Officer on 09/08/2025.

Does the Form 4 report any derivative transactions or dispositions?

No. The filing shows a non-derivative purchase only and does not report any derivatives or dispositions.

What is the reporting person’s relationship to Donegal Group?

The filing identifies the reporting person as Donegal Mutual Insurance Co. and marks the relationship as Director.

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

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Accepted by SEC EDGAR 09/08/2025 - 08:59 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^*

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)
09/04/2025

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	09/04/2025		P		19,212	A	$19.2244	13,559,629	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	09/08/2025
	** 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.