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sellWeak cluster of 5

Jon Marshall Mahan sold $86k of DGICA

director at DONEGAL GROUP INC. 4,500 shares at an average of $19.07, traded Nov 5, 2025, filed Nov 5, 2025.

Warning score
34
Value
$86k
4,500 shares
Holdings after
9,488
-32% from before
From 52-week low
+41%
low $13.28, close $18.67
From 52-week high
-6%
high $19.81, as of Nov 5, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $86k at market
    +9
  • Share of holdings sold
    Sold 32% of holdings
    +10
  • Cluster
    5 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +0.6%, 3m -0.8%, 6m -12.1%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

DGICAOct 9, 2026 · close 18.23
Since filing Nov 5, 2025: -2.4%SPY +16.1% · excess -18.4%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001360841-25-000004, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 5, 2025MOption exercise
Class A Common Stock
+4,500$14.43$65k13,988Nov 5, 2025
Nov 5, 2025SOpen-market sale
Class A Common Stock
-4,500$19.07$86k9,488Nov 5, 2025
Nov 5, 2025MOption exercise
Optionsderivative
-4,500$14.43$65k0Nov 5, 2025

Related signals

Other insiders at DONEGAL GROUP INC and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
62Notable
DGICAsell 5
DONEGAL GROUP INC
Kevin Gerard Burke
President & Chief Exec Officer
$461k
24,000 shares
-63%
42Moderate
DONEGAL GROUP INC
Donegal Mutual Insurance Co
owner
$1.1M
54,725 shares
+0%
48Moderate
DGICAsell 5
DONEGAL GROUP INC
Jeffrey Dean Miller
EVP & Chief Financial Officer
$404k
21,000 shares
-44%
36Weak
DGICAsell 5
DONEGAL GROUP INC
David Benjamin Bawel
SVP & CHIEF ACCOUNTING OFFICER
$161k
8,326 shares
-27%
19Weak
DONEGAL GROUP INC
Donegal Mutual Insurance Co
owner
$449k
23,469 shares
+0%
16Weak
DONEGAL GROUP INC
Donegal Mutual Insurance Co
owner
$315k
16,368 shares
+0%
18Weak
DONEGAL GROUP INC
Donegal Mutual Insurance Co
owner
$382k
19,595 shares
+0%
29Weak
DGICAsell 5
DONEGAL GROUP INC
Barry C Huber
director
$87k
4,500 shares
-21%
46Moderate
DGICAsell 5
DONEGAL GROUP INC
Vincent Anthony Viozzi
Sr. VP & Chief Inv Officer
$44k
2,282 shares
-28%
17Weak
DONEGAL GROUP INC
Donegal Mutual Insurance Co
owner
$369k
19,257 shares
+0%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Jon Marshall Mahan sold $86k of DGICA | InsiderTell