HESS JACK LEE 4

What Happened

• Jack L. Hess, a director of Donegal Group Inc. (DGICA), acquired 16 shares on February 17, 2026. The shares were acquired at $19.13 each, for a total value of approximately $306. The transaction is reported as an "Other acquisition" (code J) and is part of a dividend reinvestment plan (DRIP), a routine way insiders receive additional shares.

Key Details

• Transaction date and price: 2026-02-17 — 16 shares at $19.13 per share.
• Total value: about $306.
• Transaction code: J (other acquisition); footnote F1 indicates this was through the Dividend Reinvestment Plan.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing date: Form 4 filed 2026-02-20. The excerpt does not indicate a late filing designation.

Context

• Dividend reinvestment plan purchases are common and typically small; they reflect the insider electing to reinvest dividends into company stock rather than receiving cash.
• Such DRIP acquisitions are generally considered routine and do not by themselves signal a change in insider sentiment.