Senior Vice President Noland Rone Jr. filed a Form 4 with the SEC on August 5, 2026, reporting the exercise of stock options and a same-day sale of Class A Common Stock in Donegal Group Inc. (NASDAQ: DGICA) on August 4, 2026.

Key Highlights

  • Three option tranches exercised: Rone exercised options covering 4,000 shares at $14.09, 8,000 shares at $13.87, and 12,000 shares at $15.76, all on August 4, 2026.
  • 24,000 shares sold: All 24,000 acquired shares were disposed of on August 4, 2026 at a price of $19.47 per share.
  • Remaining direct ownership: Following the transactions, Rone held 3,523 shares of Class A Common Stock directly.
  • Options remaining: After the exercises, 6,000 options with an exercise price of $15.76 and an expiration date of December 19, 2029 remain outstanding; the other two option grants were fully exercised to zero.
  • Filed by attorney: The form was signed by Jeffrey D. Miller under power of attorney on August 5, 2026.

Donegal Group Senior Vice President's August 2026 Option Exercise and Share Sale

According to the filing, Noland Rone Jr., identified as a Senior Vice President of Donegal Group Inc., executed a series of transactions on August 4, 2026 involving Class A Common Stock. The transactions consisted of three option exercises recorded under transaction code "M" and one open-market sale recorded under transaction code "S."

The filing reports that Rone exercised options on three separate grants: 4,000 options at an exercise price of $14.09 per share, 8,000 options at $13.87 per share, and 12,000 options at $15.76 per share. The 4,000-option grant had an expiration date of December 15, 2027, the 8,000-option grant an expiration of December 21, 2028, and the 12,000-option grant an expiration of December 19, 2029. Following the exercises, the first two option grants were reduced to zero remaining; 6,000 options from the third grant remained, according to the filing.

The same-day sale of 24,000 shares at $19.47 per share reduced Rone's direct beneficial ownership to 3,523 shares of Class A Common Stock, as reported in Table I of the filing. No indirect holdings were reported. The filing was submitted by Jeffrey D. Miller under power of attorney.

What Was Disclosed

The filing discloses that Donegal Group Senior Vice President Noland Rone Jr. exercised three stock option grants totaling 24,000 shares and sold all 24,000 resulting shares on August 4, 2026, leaving him with 3,523 directly held shares and 6,000 remaining options.