A Form 4 filed on August 5, 2026 reports that Dennis Joseph Bixenman, a director of Donegal Group Inc (NASDAQ: DGICA), exercised stock options and sold Class A Common Stock on August 4, 2026.

Key Highlights

  • Director involved: Dennis Joseph Bixenman, listed as a director of Donegal Group Inc.
  • Options exercised: Three separate option lots totaling 11,250 shares of Class A Common Stock were exercised at prices of $14.39, $14.09, and $13.87 per share.
  • Shares sold: 11,250 shares of Class A Common Stock were sold at $19.26 per share on August 4, 2026.
  • Remaining ownership: Following all reported transactions, Bixenman directly owns 9,355 shares of Class A Common Stock.
  • All options exercised fully: All three option positions were reduced to zero shares remaining after the August 4, 2026 exercise transactions.

Bixenman Option Exercises and Share Sale Details at Donegal Group

According to the filing, Bixenman exercised three separate option lots on August 4, 2026, each carrying different exercise prices. The first lot consisted of 2,250 options with an exercise price of $14.39, originally exercisable from July 1, 2022 and expiring December 16, 2026. The second lot was 4,500 options at $14.09, exercisable from July 1, 2023 and expiring December 15, 2027. The third lot was 4,500 options at $13.87, exercisable from July 1, 2024 and expiring December 21, 2028. All three option positions were reported as reduced to zero following the transactions.

The filing further discloses that on the same date, Bixenman disposed of 11,250 shares of Class A Common Stock at $19.26 per share, recorded with a transaction code of "S." All transactions are reported as held directly. Prior to the sale, the sequential exercise transactions brought Bixenman's direct holdings from 9,355 shares (after the sale) back-calculated through the intermediate steps reported: 11,605 shares after the first exercise, 16,105 after the second, and 20,605 after the third, before the sale reduced the total to 9,355 shares.

The form was signed by Jeffrey D. Miller acting under power of attorney on August 5, 2026, and was filed as a report by one reporting person. No Rule 10b5-1 plan box was checked on the form, and the filing does not include any additional explanatory remarks beyond the power-of-attorney notation.

What Was Disclosed

The filing discloses that director Dennis Joseph Bixenman exercised 11,250 stock options across three lots and sold 11,250 shares of Donegal Group Class A Common Stock on August 4, 2026, leaving him with 9,355 directly held shares.