MILLER JEFFREY DEAN 4

What Happened
Jeffrey Dean Miller, Chief Financial Officer of Donegal Group Inc., acquired 396 shares on February 17, 2026 at $19.02 per share, for a total value of approximately $7,532. The transaction is coded "J" (other acquisition/disposition) and the filing’s footnote F1 indicates the shares were purchased through the company’s Dividend Reinvestment Plan (DRIP). This was an acquisition (purchase) rather than a sale.

Key Details

• Transaction date and price: Feb 17, 2026 — 396 shares at $19.02 each (total ~$7,532).
• Transaction code: J (Other acquisition/disposition). Footnote F1: Dividend Reinvestment Plan.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: Form 4 filed Feb 20, 2026 (Accession: 0001327749-26-000002). No late-filing flag was indicated in the provided data.
• Insider: Jeffrey Dean Miller, Chief Financial Officer (CFO).

Context
A dividend reinvestment plan (DRIP) uses dividends to automatically buy additional company shares; it typically involves reinvesting cash dividends rather than a separate out-of-pocket purchase. Such DRIP acquisitions are common and often routine; while purchases are generally more informative than sales, small DRIP buys (here about $7.5K) are usually a modest, routine increase in holdings rather than a major directional signal.