DONEGAL MUTUAL INSURANCE CO 4

What Happened
Donegal Mutual Insurance Co., a reported 10% beneficial owner of Donegal Group Inc. (DGICA), made two open-market purchases: 9,900 shares at $17.56 on 2026-06-11 ($173,830) and 9,682 shares at $17.62 on 2026-06-12 ($170,615), totaling 19,582 shares for approximately $344,445. These were outright purchases (code P), i.e., buys rather than sales.

Key Details

• Transaction 1: 2026-06-11 — 9,900 shares @ $17.56 = $173,830 (open-market purchase).
• Transaction 2: 2026-06-12 — 9,682 shares @ $17.62 = $170,615 (open-market purchase).
• Total acquired: 19,582 shares for ~$344,445.
• Shares owned after transaction: not specified in the data provided in this summary.
• Footnotes/notable flags: none reported in the provided transaction details.
• Filing: Form 4 filed 2026-06-15 covering the 6/11–6/12 trades; this filing date appears to be within the normal SEC reporting window for these transactions (timely).

Context
This filing reports activity by a 10% owner (institutional) rather than an individual officer or director. Such institutional purchases can reflect portfolio management decisions and are informative but do not necessarily indicate insider operational views. The transactions were purchases, which many investors view as a more positive signal than sales, though motives are not disclosed.