Sanjay Pandey, Senior Vice President and Chief Information Officer of Donegal Group Inc, filed a statement of changes in beneficial ownership on August 20, 2026, disclosing a transfer of Class A Common Stock held within a 401(k) plan, with an earliest transaction date of June 23, 2026.

Key Highlights

  • Reporting person: Sanjay Pandey, identified as Sr. VP and Chief Information Officer of Donegal Group Inc (NASDAQ:DGICA).
  • Transaction: 28,829 shares of Class A Common Stock were disposed of at a price of $17.75 per share from a 401(k) plan held indirectly.
  • Post-transaction indirect holding: 0 shares of Class A Common Stock remain in the 401(k) plan following the reported transaction.
  • Direct holding: 8,697 shares of Class A Common Stock are held directly by the reporting person after the transaction.
  • Nature of transaction: According to the filing, the disposal represents a transfer of the reporting person's entire 401(k) investment in the issuer's common stock to other investment funds available under the plan, constituting a discretionary transaction pursuant to Rule 16b-3(f).
  • Filing signed: Jeffrey D. Miller, by power of attorney, on August 20, 2026.

Donegal Group Officer's 401(k) Reallocation Detailed in Ownership Filing

According to the filing, Sanjay Pandey, who serves as Senior Vice President and Chief Information Officer at Donegal Group Inc, transferred his entire position in the company's Class A Common Stock held within his 401(k) plan. The transaction, dated June 23, 2026, involved the disposal of 28,829 shares at $17.75 per share. The filing describes this as a movement of funds from the issuer's common stock into other investment options available under the same plan, rather than a sale on the open market.

Donegal Group Inc is the issuer identified in the filing, trading on NASDAQ under the symbol DGICA. Following the reported transaction, Pandey's indirect beneficial ownership of Class A Common Stock through the 401(k) plan fell to 0 shares. His direct holdings of Class A Common Stock remained at 8,697 shares, according to Table I of the filing. No derivative securities transactions were reported in Table II.

The filing notes that the transaction "constitutes a discretionary transaction pursuant to Rule 16b-3(f)," and was filed by Jeffrey D. Miller acting under power of attorney on behalf of the reporting person. No amendment date was listed, indicating this is an original filing rather than a revision to a previously submitted report.

What Was Disclosed

The filing reported that Sanjay Pandey, Sr. VP and Chief Information Officer of Donegal Group Inc, transferred 28,829 shares of Class A Common Stock out of his 401(k) plan at $17.75 per share on June 23, 2026, retaining 8,697 shares held directly.