David Wayne Sponic, Senior Vice President of Donegal Group Inc., filed a Form 144 notice on November 13, 2026, disclosing a proposed sale of 18,000 shares of Donegal Group common stock acquired through an option exercise.

Key Highlights

  • Selling person: David Wayne Sponic, Senior Vice President of Donegal Group Inc.
  • Shares proposed for sale: 18,000 shares of common stock
  • Aggregate market value: $342,000.00
  • Acquisition type: Option exercise and sale, with shares acquired on November 13, 2026, via cash payment
  • Broker: Citigroup Global Markets, Inc., 390 Greenwich St, New York, NY 10013
  • Total shares outstanding: 31,842,786 shares of common stock, according to the filing
  • No sales reported by the filer in the prior three months, per the filing

Donegal Group SVP Files Rule 144 Notice for Option-Exercised Shares

According to the Form 144 notice submitted to the U.S. Securities and Exchange Commission, David Wayne Sponic, identified as a Senior Vice President of Donegal Group Inc. (NASDAQ:DGICB), proposed to sell 18,000 shares of the company's common stock. The filing lists an approximate sale date of November 13, 2026, the same date the notice was filed and the date the shares were acquired through an option exercise.

The aggregate market value of the proposed sale is listed as $342,000.00. The nature of the acquisition transaction is described in the filing as "Option Exercise and Sale," with payment made in cash. Donegal Group Inc. is listed as the person from whom the shares were acquired. The filing states that 31,842,786 shares of common stock were outstanding at the time of the notice.

The proposed sale is to be executed through Citigroup Global Markets, Inc. The filing notes that no securities of the issuer were sold by the filer during the three months preceding this notice. By signing the Form 144, the filer represented, as stated in the notice, that he "does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed."

What Was Disclosed

Donegal Group Inc. Senior Vice President David Wayne Sponic filed a Form 144 on November 13, 2026, proposing to sell 18,000 common shares, with an aggregate market value of $342,000.00, acquired via option exercise and to be sold through Citigroup Global Markets, Inc.