DONEGAL MUTUAL INSURANCE CO 4

What Happened
Donegal Mutual Insurance Co., listed as a 10% owner of Donegal Group Inc. (DGICA), made two open-market purchases of company stock in mid‑May 2026 — 8,500 shares on 2026-05-15 at $17.16 (reported value $145,878) and 8,500 shares on 2026-05-18 at $17.33 (reported value $147,304), for a combined 17,000 shares worth approximately $293,182. These were purchases (transaction code P), which are generally interpreted as buying activity rather than selling.

Key Details

• Transaction dates & prices: 2026-05-15 — 8,500 shares @ $17.16 (value reported $145,878); 2026-05-18 — 8,500 shares @ $17.33 (value reported $147,304).
• Total shares purchased: 17,000; total reported value: $293,182.
• Shares owned after the transactions: not specified in the information provided.
• Filing date: Form 4 filed 2026-05-19. The filing appears to be within the normal two-business-day reporting window for these trades.
• Transaction code: P = Purchase. No 10b5‑1 plan, option exercise, gift, or tax-withholding notation was reported in the summary provided.

Context
Donegal Mutual Insurance Co. is a 10% institutional owner, not an individual executive; institutional purchases can reflect portfolio management or a decision by the institution rather than personal insider sentiment. Purchases are often viewed as more informative than routine sales, but this filing alone doesn’t reveal the buyer’s motivation.