DONEGAL MUTUAL INSURANCE CO 4

What Happened
Donegal Mutual Insurance Co., listed as a 10% owner of Donegal Group Inc. (ticker: DGICA), made two open‑market purchases totaling 17,000 shares. On 2026-05-26 it acquired 8,500 shares at $17.33 ($147,307) and on 2026-05-27 it acquired 8,500 shares at $17.15 ($145,761), for a combined cost of about $293,068. These were purchases (code P), which represent buying activity rather than sales.

Key Details

• Transaction dates and prices:
  • 2026-05-26: 8,500 shares at $17.33 — $147,307
  • 2026-05-27: 8,500 shares at $17.15 — $145,761
• Total shares acquired: 17,000; total consideration: ~$293,068.
• Shares owned after the transaction: Not reported in this filing.
• Filing: Report filed with accession 0000935596-26-000011 on 2026-05-28; appears to have been filed promptly after the transactions.
• Transaction code: P = Purchase (open market/private purchase).

Context
This filing reflects activity by a 10% institutional owner (Donegal Mutual Insurance Co.), not an individual executive. Institutional purchases can signal portfolio rebalancing or confidence but do not by themselves reveal motivation. No options, gifts, tax withholding, or 10b5‑1 plan notes are reported in this Form 4.