DONEGAL MUTUAL INSURANCE CO 4

What Happened
Donegal Mutual Insurance Co., reported as a 10% owner of Donegal Group Inc. (DGICA), made open‑market purchases totaling 18,500 shares across two days. On 2026-06-02 it acquired 8,500 shares at $17.03 each (≈ $144,766) and on 2026-06-03 it acquired 10,000 shares at $16.62 each (≈ $166,223), for a combined outlay of about $310,989. These were purchases (code P), which are generally interpreted as accumulation rather than routine selling.

Key Details

• Transaction dates and prices:
  • 2026-06-02: 8,500 shares @ $17.03 — $144,766
  • 2026-06-03: 10,000 shares @ $16.62 — $166,223
• Total acquired: 18,500 shares, total value ≈ $310,989.
• Insider status: Donegal Mutual Insurance Co. is reported as a 10% owner (institutional), not an executive officer or director.
• Shares owned after transaction: Not specified in the provided filing details.
• Filing timeliness: Form 4 filed 2026-06-04 for transactions on 2026-06-02–06-03 — appears timely (no late‑filing flag).
• No 10b5-1 plan, tax withholding, or special footnotes were indicated in the provided data.

Context
Because this buyer is a 10% institutional owner, the purchases reflect institutional accumulation rather than insider executive trading. Purchases can be seen as more informative than sales, but they do not by themselves prove future company performance.