Director David Charles King filed a Form 4 with the SEC on August 5, 2026, disclosing option exercises and a sale of Class A Common Stock of Donegal Group Inc (NASDAQ: DGICA) on August 4, 2026.

Key Highlights

  • Two option exercises: King exercised 4,500 options at $14.39 per share and 4,500 options at $14.09 per share, both on August 4, 2026.
  • Share sale: King disposed of 9,000 shares of Class A Common Stock at $19.33 per share on August 4, 2026.
  • Post-transaction ownership: Following all reported transactions, King directly held 3,700 shares of Class A Common Stock.
  • Options fully exercised: Both option positions show zero derivative securities remaining after the transactions.
  • Filed by attorney: The form was signed by Jeffrey D. Miller under a power of attorney on August 5, 2026.

Donegal Group Director Reports Option Exercises and Share Disposal

According to the filing, director David Charles King executed a series of transactions in Donegal Group Inc Class A Common Stock on August 4, 2026. King exercised two separate option positions: 4,500 options with an exercise price of $14.39 per share, and 4,500 options with an exercise price of $14.09 per share. Both exercises are coded "M" in the filing, indicating the acquisition of underlying securities through option exercise.

The filing further discloses that King disposed of 9,000 shares of Class A Common Stock on the same date at a price of $19.33 per share, coded "S." The sequential reporting in Table I shows King's directly held position moving from an implied starting point up through 8,200 shares after the first exercise, to 12,700 shares after the second exercise, and then to 3,700 shares following the sale. Both option positions, one expiring December 16, 2026, and one expiring December 15, 2027, show zero derivative securities remaining after the transactions, according to Table II of the filing.

The form was filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 and was signed by Jeffrey D. Miller acting under a power of attorney on behalf of King. All ownership reported is direct.

What Was Disclosed

Director David Charles King disclosed the exercise of two option grants totaling 9,000 shares and the same-day sale of 9,000 shares of Donegal Group Inc Class A Common Stock at $19.33, leaving a directly held position of 3,700 shares.