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sellModerate cluster of 6

Daniel J Wagner sold $356k of DGICA

Sr. VP & Treasurer at DONEGAL GROUP INC. 18,000 shares at an average of $19.76, traded Nov 12, 2025, filed Nov 14, 2025.

Warning score
42
Value
$356k
18,000 shares
Holdings after
95,384
-17% from before
From 52-week low
+44%
low $13.28, close $19.17
From 52-week high
-3%
high $19.81, as of Nov 12, 2025

Score components

  • Role
    CFO
    +22
  • Trade size
    $356k at market
    +15
  • Share of holdings sold
    Sold 17% of holdings
    +5
  • Cluster
    6 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.

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 14, 2025: -5.9%SPY +17.1% · excess -23.0%

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 0001261705-25-000010, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 12, 2025MOption exercise
Class A Common Stock
+6,000$14.09$85k101,384Nov 14, 2025
Nov 12, 2025MOption exercise
Class A Common Stock
+2,383$13.87$33k103,767Nov 14, 2025
Nov 12, 2025SOpen-market sale
Class A Common Stock
-8,383$19.77$166k95,384Nov 14, 2025
Nov 13, 2025MOption exercise
Class A Common Stock
+3,617$13.87$50k99,001Nov 14, 2025
Nov 13, 2025MOption exercise
Class A Common Stock
+6,000$15.76$95k105,001Nov 14, 2025
Nov 13, 2025SOpen-market sale
Class A Common Stock
-9,617$19.76$190k95,384Nov 14, 2025
Nov 12, 2025MOption exercise
Optionsderivative
-6,000$14.09$85k0Nov 14, 2025
Nov 12, 2025MOption exercise
Optionsderivative
-2,383$13.87$33k9,617Nov 14, 2025
Nov 13, 2025MOption exercise
Optionsderivative
-3,617$13.87$50k6,000Nov 14, 2025
Nov 13, 2025MOption exercise
Optionsderivative
-6,000$15.76$95k12,000Nov 14, 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%
34Weak
DONEGAL GROUP INC
Donegal Mutual Insurance Co
owner
$449k
23,469 shares
+0%
31Weak
DONEGAL GROUP INC
Donegal Mutual Insurance Co
owner
$315k
16,368 shares
+0%
33Weak
DONEGAL GROUP INC
Donegal Mutual Insurance Co
owner
$382k
19,595 shares
+0%
29Weak
DGICAsell 5
DONEGAL GROUP INC
Barry Craig 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%
27Weak
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.