Director Michael Kevin Callahan filed a Form 4 with the SEC on November 13, 2026, reporting option exercises and open-market sales of Donegal Group Inc Class A Common Stock on November 12, 2026.

Key Highlights

  • Two option exercises: Callahan exercised 1,500 options at $15.76 and 1,500 options at $13.87, both on November 12, 2026, acquiring 3,000 Class A shares in total.
  • Two open-market sales: 1,500 shares sold at $19.0115 and 1,500 shares sold at $19.0003, both on November 12, 2026.
  • Resulting ownership: Following all four transactions, Callahan directly beneficially owned 17,708 Class A Common shares, according to the filing.
  • Remaining derivative holdings: 1,500 options with an exercise price of $15.76 remain, with an expiration date of December 19, 2029; the options at $13.87 were fully disposed of.
  • Filing role: Callahan is listed as a Director of Donegal Group Inc (NASDAQ:DGICA).
  • Signed by attorney: The form was signed by Jeffrey D. Miller under power of attorney on November 13, 2026.

Callahan's November 12 Option Exercises and Share Sales at Donegal Group

According to the Form 4 filed with the SEC, Director Michael Kevin Callahan of Donegal Group Inc conducted four transactions on November 12, 2026, all involving Class A Common Stock. The filing reports two option exercises coded "M" and two open-market disposals coded "S."

In the first exercise, Callahan acquired 1,500 Class A shares at $15.76 per share, bringing his direct holdings to 19,208 shares. In the second exercise, he acquired an additional 1,500 shares at $13.87 per share, raising his total to 20,708 shares. He then sold 1,500 shares at $19.0115, reducing his position to 19,208 shares, and sold a further 1,500 shares at $19.0003, leaving him with 17,708 shares held directly.

In Table II, the filing shows that the options at $13.87 per share, which had been exercisable from July 1, 2024 and were set to expire December 21, 2028, were fully exercised, leaving zero derivative securities in that series. The options at $15.76, exercisable from July 1, 2025 and expiring December 19, 2029, had 1,500 remaining following the reported transactions. All ownership reported is direct. The form was signed by Jeffrey D. Miller under power of attorney on November 13, 2026.

What Was Disclosed

Callahan's Form 4 discloses two stock option exercises and two open-market sales of Class A Common Stock in Donegal Group Inc (NASDAQ:DGICA) on November 12, 2026, resulting in direct beneficial ownership of 17,708 shares following the transactions.