Form 4
Open-market purchase
Insider Buying
2026-09-14
DGICA insider DONEGAL MUTUAL INSURANCE CO (10% Owner) bought 54,725 shares (~$1.05M)
DONEGAL MUTUAL INSURANCE CO, listed as 10% Owner at DONEGAL GROUP INC, reported an open-market purchase of 54,725 DGICA shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
9,725 |
$19.25 |
$187.2K |
P |
Open-market purchase
|
45,000 |
$19.23 |
$865.2K |
Filing: Form 4 (Insider Transaction)
Insider: DONEGAL MUTUAL INSURANCE CO (10% Owner)
Shares: 54,725
Est. Value: $1.05M
Form 4
Open-market sale
Insider Selling
2026-09-14
DGICA insider MILLER JEFFREY DEAN (EVP & Chief Financial Officer) sold 21,000 shares (~$403.7K)
MILLER JEFFREY DEAN, listed as EVP & Chief Financial Officer at DONEGAL GROUP INC, reported an open-market sale of 21,000 DGICA shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
21,000 |
$14.39 |
$302.2K |
S |
Open-market sale
|
21,000 |
$19.23 |
$403.7K |
M |
Option exercise
derivative · Options
|
21,000 |
$14.39 |
$302.2K |
Filing: Form 4 (Insider Transaction)
Insider: MILLER JEFFREY DEAN (EVP & Chief Financial Officer)
Shares: 21,000
Est. Value: $403.7K
Form 4
Open-market sale
Insider Selling
2026-09-14
DGICA insider BURKE KEVIN GERARD (Director, President & Chief Exec Officer) sold 24,000 shares (~$461.4K)
BURKE KEVIN GERARD, listed as Director, President & Chief Exec Officer at DONEGAL GROUP INC, reported an open-market sale of 24,000 DGICA shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
24,000 |
$14.39 |
$345.4K |
S |
Open-market sale
|
24,000 |
$19.23 |
$461.4K |
M |
Option exercise
derivative · Options
|
24,000 |
$14.39 |
$345.4K |
Filing: Form 4 (Insider Transaction)
Insider: BURKE KEVIN GERARD (Director, President & Chief Exec Officer)
Shares: 24,000
Est. Value: $461.4K
Form 4
Open-market sale
Insider Selling
2026-09-11
DGICA insider BAWEL DAVID BENJAMIN (SVP & CHIEF ACCOUNTING OFFICER) sold 8,326 shares (~$160.5K)
BAWEL DAVID BENJAMIN, listed as SVP & CHIEF ACCOUNTING OFFICER at DONEGAL GROUP INC, reported an open-market sale of 8,326 DGICA shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
8,326 |
$14.39 |
$119.8K |
S |
Open-market sale
|
8,326 |
$19.28 |
$160.5K |
M |
Option exercise
derivative · Options
|
8,326 |
$14.39 |
$119.8K |
Filing: Form 4 (Insider Transaction)
Insider: BAWEL DAVID BENJAMIN (SVP & CHIEF ACCOUNTING OFFICER)
Shares: 8,326
Est. Value: $160.5K
Form 4
Open-market purchase
Insider Buying
2026-09-11
DGICA insider DONEGAL MUTUAL INSURANCE CO (10% Owner) bought 23,469 shares (~$448.9K)
DONEGAL MUTUAL INSURANCE CO, listed as 10% Owner at DONEGAL GROUP INC, reported an open-market purchase of 23,469 DGICA shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
5,143 |
$18.89 |
$97.1K |
P |
Open-market purchase
|
8,326 |
$19.28 |
$160.5K |
P |
Open-market purchase
|
10,000 |
$19.13 |
$191.3K |
Filing: Form 4 (Insider Transaction)
Insider: DONEGAL MUTUAL INSURANCE CO (10% Owner)
Shares: 23,469
Est. Value: $448.9K
Form 4
Open-market purchase
Insider Buying
2026-09-09
DGICA insider DONEGAL MUTUAL INSURANCE CO (10% Owner) bought 16,368 shares (~$314.8K)
DONEGAL MUTUAL INSURANCE CO, listed as 10% Owner at DONEGAL GROUP INC, reported an open-market purchase of 16,368 DGICA shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
6,368 |
$19.39 |
$123.5K |
P |
Open-market purchase
|
10,000 |
$19.14 |
$191.4K |
Filing: Form 4 (Insider Transaction)
Insider: DONEGAL MUTUAL INSURANCE CO (10% Owner)
Shares: 16,368
Est. Value: $314.8K
Form 4
Open-market sale
Insider Selling
2026-09-04
DGICA insider HUBER BARRY CRAIG (Director) sold 4,500 shares (~$87.4K)
HUBER BARRY CRAIG, listed as Director at DONEGAL GROUP INC, reported an open-market sale of 4,500 DGICA shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
4,500 |
$14.09 |
$63.4K |
S |
Open-market sale
|
4,500 |
$19.43 |
$87.4K |
M |
Option exercise
derivative · Options
|
4,500 |
$14.09 |
$63.4K |
Filing: Form 4 (Insider Transaction)
Insider: HUBER BARRY CRAIG (Director)
Shares: 4,500
Est. Value: $87.4K
Form 4
Open-market sale
Insider Selling
2026-09-04
DGICA insider VIOZZI VINCENT ANTHONY (Sr. VP & Chief Inv Officer) sold 2,282 shares (~$44.5K)
VIOZZI VINCENT ANTHONY, listed as Sr. VP & Chief Inv Officer at DONEGAL GROUP INC, reported an open-market sale of 2,282 DGICA shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
2,282 |
$19.50 |
$44.5K |
Filing: Form 4 (Insider Transaction)
Insider: VIOZZI VINCENT ANTHONY (Sr. VP & Chief Inv Officer)
Shares: 2,282
Est. Value: $44.5K
Form 4
Open-market purchase
Insider Buying
2026-09-04
DGICA insider DONEGAL MUTUAL INSURANCE CO (10% Owner) bought 19,595 shares (~$381.8K)
DONEGAL MUTUAL INSURANCE CO, listed as 10% Owner at DONEGAL GROUP INC, reported an open-market purchase of 19,595 DGICA shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
10,000 |
$19.43 |
$194.3K |
P |
Open-market purchase
|
9,595 |
$19.53 |
$187.4K |
Filing: Form 4 (Insider Transaction)
Insider: DONEGAL MUTUAL INSURANCE CO (10% Owner)
Shares: 19,595
Est. Value: $381.8K
Form 4
Open-market purchase
Insider Buying
2026-09-02
DGICA insider DONEGAL MUTUAL INSURANCE CO (10% Owner) bought 19,257 shares (~$369.2K)
DONEGAL MUTUAL INSURANCE CO, listed as 10% Owner at DONEGAL GROUP INC, reported an open-market purchase of 19,257 DGICA shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
10,000 |
$19.18 |
$191.8K |
P |
Open-market purchase
|
9,257 |
$19.17 |
$177.4K |
Filing: Form 4 (Insider Transaction)
Insider: DONEGAL MUTUAL INSURANCE CO (10% Owner)
Shares: 19,257
Est. Value: $369.2K
Form 4
Open-market purchase
Insider Buying
2026-08-31
DGICA insider DONEGAL MUTUAL INSURANCE CO (10% Owner) bought 20,000 shares (~$381.4K)
DONEGAL MUTUAL INSURANCE CO, listed as 10% Owner at DONEGAL GROUP INC, reported an open-market purchase of 20,000 DGICA shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
10,000 |
$18.95 |
$189.5K |
P |
Open-market purchase
|
10,000 |
$19.19 |
$191.9K |
Filing: Form 4 (Insider Transaction)
Insider: DONEGAL MUTUAL INSURANCE CO (10% Owner)
Shares: 20,000
Est. Value: $381.4K
Form 4
Open-market purchase
Insider Buying
2026-08-27
DGICA insider DONEGAL MUTUAL INSURANCE CO (10% Owner) bought 19,508 shares (~$371.6K)
DONEGAL MUTUAL INSURANCE CO, listed as 10% Owner at DONEGAL GROUP INC, reported an open-market purchase of 19,508 DGICA shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
10,000 |
$19.00 |
$190.0K |
P |
Open-market purchase
|
9,508 |
$19.11 |
$181.7K |
Filing: Form 4 (Insider Transaction)
Insider: DONEGAL MUTUAL INSURANCE CO (10% Owner)
Shares: 19,508
Est. Value: $371.6K
Form 4
Open-market purchase
Insider Buying
2026-08-25
DGICA insider DONEGAL MUTUAL INSURANCE CO (10% Owner) bought 20,000 shares (~$377.4K)
DONEGAL MUTUAL INSURANCE CO, listed as 10% Owner at DONEGAL GROUP INC, reported an open-market purchase of 20,000 DGICA shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
10,000 |
$18.68 |
$186.8K |
P |
Open-market purchase
|
10,000 |
$19.06 |
$190.6K |
Filing: Form 4 (Insider Transaction)
Insider: DONEGAL MUTUAL INSURANCE CO (10% Owner)
Shares: 20,000
Est. Value: $377.4K
Form 4
Open-market purchase
Insider Buying
2026-08-21
DGICA insider DONEGAL MUTUAL INSURANCE CO (10% Owner) bought 19,515 shares (~$363.7K)
DONEGAL MUTUAL INSURANCE CO, listed as 10% Owner at DONEGAL GROUP INC, reported an open-market purchase of 19,515 DGICA shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
9,700 |
$18.61 |
$180.5K |
P |
Open-market purchase
|
9,815 |
$18.66 |
$183.1K |
Filing: Form 4 (Insider Transaction)
Insider: DONEGAL MUTUAL INSURANCE CO (10% Owner)
Shares: 19,515
Est. Value: $363.7K
Form 4
Other reported transaction
Tax / Compensation Filing
2026-08-20
DGICA insider Form 4 filed for equity award, exercise, or tax withholding
PANDEY SANJAY (Sr. VP & Chief Info Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
The filing reports a transaction type that does not map to a routine purchase, sale, award or withholding.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
I |
Discretionary transaction
|
28,829 |
$17.75 |
$511.7K |
Filing: Form 4 (Insider Transaction)
Insider: PANDEY SANJAY (Sr. VP & Chief Info Officer)
Shares: 28,829
Form 4
Open-market purchase
Insider Buying
2026-08-19
DGICA insider DONEGAL MUTUAL INSURANCE CO (10% Owner) bought 20,000 shares (~$371.2K)
DONEGAL MUTUAL INSURANCE CO, listed as 10% Owner at DONEGAL GROUP INC, reported an open-market purchase of 20,000 DGICA shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
10,000 |
$18.52 |
$185.2K |
P |
Open-market purchase
|
10,000 |
$18.60 |
$186.0K |
Filing: Form 4 (Insider Transaction)
Insider: DONEGAL MUTUAL INSURANCE CO (10% Owner)
Shares: 20,000
Est. Value: $371.2K
Form 4
Other reported transaction
Tax / Compensation Filing
2026-08-18
DGICA insider Form 4 filed for equity award, exercise, or tax withholding
VIOZZI VINCENT ANTHONY (Sr. VP & Chief Inv Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
The filing reports a transaction type that does not map to a routine purchase, sale, award or withholding.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
J |
Other transaction
|
32 |
$19.45 |
$622.40 |
Filing: Form 4 (Insider Transaction)
Insider: VIOZZI VINCENT ANTHONY (Sr. VP & Chief Inv Officer)
Shares: 32