Donegal Group (DGICA) Sr. VP Sanjay Pandey Sells 28,829 Shares

What Happened
Sanjay Pandey, Senior Vice President and Chief Information Officer of Donegal Group (DGICA), disposed of 28,829 shares on June 23, 2026 at $17.75 per share for a total value of $511,715. The filing reports this as a disposition (sale/transfer) rather than a purchase.

Key Details

• Transaction date and price: 2026-06-23 at $17.75 per share.
• Shares disposed: 28,829; total proceeds reported $511,715.
• Shares owned after transaction: Not specified in the provided excerpt of the Form 4.
• Footnote: The disposal represents a transfer of the reporting person's entire investment in Donegal common stock held in the reporting person's 401(k) plan to other investment funds available under the plan; the transfer is described as a discretionary transaction under Rule 16b-3(f).
• Filing timeliness: Form 4 was filed on 2026-08-20 (~58 days after the transaction), which is later than the usual 2-business-day filing requirement for Form 4s.

Context
This was an internal 401(k) plan transfer of holdings to other plan funds, which is generally considered routine and does not necessarily indicate the insider's view of the company's prospects. The Rule 16b-3(f) designation indicates the transfer was treated as a discretionary plan transaction under the applicable insider-trading rule.