Sanjay Pandey, Senior Vice President and Chief Information Officer of Donegal Group Inc, filed a Form 4 on November 9, 2026, disclosing transactions in Class A Common Stock on November 5, 2026.

Key Highlights

  • Option exercise: Pandey exercised 1,070 options (transaction code M) on November 5, 2026, at a conversion price of $14.09 per share, acquiring 1,070 shares of Class A Common Stock.
  • Open-market sale: On the same date, Pandey disposed of 1,070 shares (transaction code S) at a price of $19.5241 per share.
  • Resulting ownership: Following both transactions, Pandey directly held 8,697 shares of Class A Common Stock.
  • Remaining options: After the exercise, Pandey held 16,930 options directly, with an expiration date of December 15, 2027.
  • Filing signatory: The form was signed by Jeffrey D. Miller under power of attorney, dated November 9, 2026.

Pandey's November 2026 Option Exercise and Share Sale at Donegal Group

According to the Form 4 filed with the SEC on November 9, 2026, Sanjay Pandey, identified in the filing as Senior Vice President and Chief Information Officer of Donegal Group Inc (NASDAQ:DGICA), reported two transactions in the company's Class A Common Stock, both dated November 5, 2026. The filing was submitted by one reporting person and signed by Jeffrey D. Miller under power of attorney.

The filing discloses that Pandey first exercised 1,070 options at a conversion or exercise price of $14.09 per share, acquiring 1,070 shares of Class A Common Stock directly (transaction code M). Those options carried a date exercisable of July 1, 2023, and an expiration date of December 15, 2027. Immediately following the exercise, his direct beneficial ownership in Class A Common Stock stood at 9,767 shares, according to the filing.

On the same date, Pandey disposed of 1,070 shares of Class A Common Stock at a price of $19.5241 per share (transaction code S), the filing states. After this sale, his direct beneficial ownership in Class A Common Stock was reported as 8,697 shares. In Table II, the filing reports that Pandey's remaining directly held options totaled 16,930 following the reported transactions, with the same exercise price of $14.09 and expiration date of December 15, 2027.

What Was Disclosed

Sanjay Pandey, Sr. VP and Chief Information Officer at Donegal Group Inc, disclosed the exercise of 1,070 options at $14.09 per share and the same-day sale of 1,070 shares at $19.5241 per share on November 5, 2026, leaving him with 8,697 directly held shares of Class A Common Stock.