Issued 2026-09-16 at $19.00 · now $19.00 (2026-09-16, +0.0% since)
Based on its own history, a month from the 2026-09-16 close, DGICA has typically landed between $17.47 and $21.06 — a range of −8.1% to +10.8% from the issuance price $19.00.
- Actual close
- Typical path (median)
- Middle 50% of outcomes
- 90% range
5,003 overlapping 1 month windows · 2006-09-26 – 2026-08-17 · basis climatology · forecast (batch). Probability up 53.9% (90% CI 51.7–56.1%, ≈1,408 obs).
The cone is anchored at the 2026-09-16 issuance close ($19.00) — the price the forecast resolves against on 2026-10-15, not the latest close. The drawn path shape is illustrative (bands widen with √t); every labeled number is real — the anchor, the scored batch p90/IQR endpoints, and the typical move.
Where DGICA has typically landed a month from the 2026-09-16 close of $19 — the range is history, not a prediction.
- now $19 (+0.0%)
- typicalThe typical outcome — half of similar past periods did better and half did worse (not an average, so a few wild periods don't skew it). $19.04 (+0.2%)
- middle 50%The central range of outcomes — half of similar past periods landed inside it, a quarter finished above, a quarter below. $18.38–$19.71
- 90% rangeA nine-in-ten range — in about nine of every ten similar past periods the outcome stayed within these bounds. $17.47–$21.06
| Start | Return | Max drop | Max rise |
|---|---|---|---|
| 3 worst | |||
| 2008-09-10 | −35.1% | −35.1% | +5.5% |
| 2008-09-11 | −28.9% | −35.3% | +5.2% |
| 2008-09-09 | −25.6% | −25.6% | +7.7% |
| 3 best | |||
| 2008-11-20 | +38.0% | +0.0% | +42.7% |
| 2008-12-01 | +35.0% | +0.0% | +41.1% |
| 2008-10-09 | +34.7% | +0.0% | +43.7% |
5,003 overlapping windows · 2006-09-26 – 2026-09-16 · not cherry-picked
Seasonality · by month iHow this security has tended to do in each calendar month historically — a frequency, never a prediction.
iFor each calendar month, the share of years this security closed higher than the month before, and the average month-over-month return, over ~20 years of its own price history. Cells are shaded by average return. This is historical frequency, not a prediction — no month is a signal.Up-frequency and average month-over-month return · historical frequency, not a prediction
Reported insider & political trades
Every Form 4 the people closest to this company have filed with the SEC — plotted against the share price, aggregated by month, and shown with the gap between when each trade happened and when it was disclosed. A public record, not advice.
| Date | Person | Role | Action | Shares @ price | Value | Ownership Δ | vs S&P 1m | vs S&P 6m | Owned after | Filing |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-09-11 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 45,000 @ $19.23 | $865K | +0.3% of holding | not yet — horizon still open | not yet — horizon still open | 14,387,128 | Form 4 · filed 3 days after the trade |
| 2026-09-11 | BURKE KEVIN GERARD | director | Sale | 24,000 @ $19.23 | $461K | −63.4% of holding | not yet — horizon still open | not yet — horizon still open | 13,870 | Form 4 · filed 3 days after the trade |
| 2026-09-11 | MILLER JEFFREY DEAN | officer | Sale | 21,000 @ $19.23 | $404K | −43.6% of holding | not yet — horizon still open | not yet — horizon still open | 27,176 | Form 4 · filed 3 days after the trade |
| 2026-09-11 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 9,725 @ $19.25 | $187K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,342,128 | Form 4 · filed 3 days after the trade |
| 2026-09-10 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 10,000 @ $19.13 | $191K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,332,403 | Form 4 · filed 1 day after the trade |
| 2026-09-09 | BAWEL DAVID BENJAMIN | officer | Sale | 8,326 @ $19.28 | $161K | −27.2% of holding | not yet — horizon still open | not yet — horizon still open | 22,331 | Form 4 · filed 2 days after the trade |
| 2026-09-09 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,326 @ $19.28 | $161K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,322,403 | Form 4 · filed 2 days after the trade |
| 2026-09-09 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 5,143 @ $18.89 | $97K | +0.0% of holding | not yet — horizon still open | not yet — horizon still open | 14,314,077 | Form 4 · filed 2 days after the trade |
| 2026-09-08 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 10,000 @ $19.14 | $191K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,308,934 | Form 4 · filed 1 day after the trade |
| 2026-09-04 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 6,368 @ $19.39 | $123K | +0.0% of holding | not yet — horizon still open | not yet — horizon still open | 14,298,934 | Form 4 · filed 5 days after the trade |
| 2026-09-03 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 9,595 @ $19.53 | $187K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,292,566 | Form 4 · filed 1 day after the trade |
| 2026-09-03 | HUBER BARRY CRAIG | director | Sale | 4,500 @ $19.43 | $87K | −21.4% of holding | not yet — horizon still open | not yet — horizon still open | 16,567 | Form 4 · filed 1 day after the trade |
| 2026-09-03 | VIOZZI VINCENT ANTHONY | officer | Sale | 2,282 @ $19.50 | $44K | −28.0% of holding | not yet — horizon still open | not yet — horizon still open | 5,861 | Form 4 · filed 1 day after the trade |
| 2026-09-02 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 10,000 @ $19.43 | $194K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,282,971 | Form 4 · filed 2 days after the trade |
| 2026-09-01 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 9,257 @ $19.17 | $177K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,272,971 | Form 4 · filed 1 day after the trade |
| 2026-08-31 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 10,000 @ $19.18 | $192K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,263,714 | Form 4 · filed 2 days after the trade |
| 2026-08-28 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 10,000 @ $19.19 | $192K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,253,714 | Form 4 · filed 3 days after the trade |
| 2026-08-27 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 10,000 @ $18.95 | $190K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,243,714 | Form 4 · filed 4 days after the trade |
| 2026-08-26 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 9,508 @ $19.11 | $182K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,233,714 | Form 4 · filed 1 day after the trade |
| 2026-08-25 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 10,000 @ $19.00 | $190K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,224,206 | Form 4 · filed 2 days after the trade |
| 2026-08-24 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 10,000 @ $19.06 | $191K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,214,206 | Form 4 · filed 1 day after the trade |
| 2026-08-21 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 10,000 @ $18.68 | $187K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,204,206 | Form 4 · filed 4 days after the trade |
| 2026-08-20 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 9,815 @ $18.66 | $183K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,194,206 | Form 4 · filed 1 day after the trade |
| 2026-08-19 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 9,700 @ $18.61 | $181K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,184,391 | Form 4 · filed 2 days after the trade |
| 2026-08-18 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 10,000 @ $18.60 | $186K | +0.1% of holding | not yet — horizon still open | not yet — horizon still open | 14,174,691 | Form 4 · filed 1 day after the trade |
| 2026-08-17 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 10,000 @ $18.52 | $185K | +0.1% of holding | +5.3% | not yet — horizon still open | 14,164,691 | Form 4 · filed 2 days after the trade |
| 2026-08-06 | HOFFMAN CHRISTINA MARIE | officer | Sale | 18,000 @ $19.67 | $354K | −79.5% of holding | −0.6% | not yet — horizon still open | 4,655 | Form 4 · filed 1 day after the trade |
| 2026-08-06 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 18,000 @ $19.67 | $354K | +0.1% of holding | −0.6% | not yet — horizon still open | 14,154,691 | Form 4 · filed 1 day after the trade |
| 2026-08-04 | DEAS NOLAND RONE JR | officer | Sale | 24,000 @ $19.47 | $467K | −87.2% of holding | +0.2% | not yet — horizon still open | 3,523 | Form 4 · filed 1 day after the trade |
| 2026-08-04 | BIXENMAN DENNIS JOSEPH | director | Sale | 11,250 @ $19.26 | $217K | −54.6% of holding | +0.2% | not yet — horizon still open | 9,355 | Form 4 · filed 1 day after the trade |
| 2026-08-04 | KING DAVID CHARLES | director | Sale | 9,000 @ $19.33 | $174K | −70.9% of holding | +0.2% | not yet — horizon still open | 3,700 | Form 4 · filed 1 day after the trade |
| 2026-06-12 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 9,682 @ $17.62 | $171K | +0.1% of holding | +0.3% | not yet — horizon still open | 14,136,691 | Form 4 · filed 3 days after the trade |
| 2026-06-11 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 9,900 @ $17.56 | $174K | +0.1% of holding | +5.2% | not yet — horizon still open | 14,127,009 | Form 4 · filed 4 days after the trade |
| 2026-06-03 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 10,000 @ $16.62 | $166K | +0.1% of holding | +15.4% | not yet — horizon still open | 14,117,109 | Form 4 · filed 1 day after the trade |
| 2026-06-02 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $17.03 | $145K | +0.1% of holding | +15.3% | not yet — horizon still open | 14,107,109 | Form 4 · filed 2 days after the trade |
| 2026-06-01 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $16.76 | $142K | +0.1% of holding | +15.1% | not yet — horizon still open | 14,098,609 | Form 4 · filed 1 day after the trade |
| 2026-05-29 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $17.10 | $145K | +0.1% of holding | +12.2% | not yet — horizon still open | 14,090,109 | Form 4 · filed 4 days after the trade |
| 2026-05-28 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $16.98 | $144K | +0.1% of holding | +11.8% | not yet — horizon still open | 14,081,609 | Form 4 · filed 1 day after the trade |
| 2026-05-27 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $17.15 | $146K | +0.1% of holding | +12.3% | not yet — horizon still open | 14,073,109 | Form 4 · filed 1 day after the trade |
| 2026-05-26 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $17.33 | $147K | +0.1% of holding | +5.9% | not yet — horizon still open | 14,064,609 | Form 4 · filed 2 days after the trade |
| 2026-05-22 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $17.40 | $148K | +0.1% of holding | +6.8% | not yet — horizon still open | 14,056,109 | Form 4 · filed 4 days after the trade |
| 2026-05-21 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $17.48 | $149K | +0.1% of holding | +4.1% | not yet — horizon still open | 14,047,609 | Form 4 · filed 5 days after the trade |
| 2026-05-20 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $17.43 | $148K | +0.1% of holding | −0.3% | not yet — horizon still open | 14,039,109 | Form 4 · filed same day |
| 2026-05-19 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,328 @ $17.48 | $146K | +0.1% of holding | −1.5% | not yet — horizon still open | 14,030,609 | Form 4 · filed 1 day after the trade |
| 2026-05-18 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $17.33 | $147K | +0.1% of holding | +0.9% | not yet — horizon still open | 14,022,281 | Form 4 · filed 1 day after the trade |
| 2026-05-15 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $17.16 | $146K | +0.1% of holding | +0.7% | not yet — horizon still open | 14,013,781 | Form 4 · filed 4 days after the trade |
| 2026-05-14 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $17.16 | $146K | +0.1% of holding | +0.1% | not yet — horizon still open | 14,005,281 | Form 4 · filed 1 day after the trade |
| 2026-05-13 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $16.86 | $143K | +0.1% of holding | +3.6% | not yet — horizon still open | 13,996,781 | Form 4 · filed 2 days after the trade |
| 2026-05-12 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $16.98 | $144K | +0.1% of holding | +3.3% | not yet — horizon still open | 13,988,281 | Form 4 · filed 1 day after the trade |
| 2026-05-11 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $17.18 | $146K | +0.1% of holding | +3.8% | not yet — horizon still open | 13,979,781 | Form 4 · filed 2 days after the trade |
| 2026-05-08 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,077 @ $17.13 | $138K | +0.1% of holding | −0.5% | not yet — horizon still open | 13,971,281 | Form 4 · filed 3 days after the trade |
| 2026-05-07 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $17.06 | $145K | +0.1% of holding | −1.8% | not yet — horizon still open | 13,963,204 | Form 4 · filed 4 days after the trade |
| 2026-05-06 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $16.65 | $142K | +0.1% of holding | +3.5% | not yet — horizon still open | 13,954,704 | Form 4 · filed 1 day after the trade |
| 2026-05-05 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 8,500 @ $16.50 | $140K | +0.1% of holding | −3.4% | not yet — horizon still open | 13,946,204 | Form 4 · filed 2 days after the trade |
| 2026-03-03 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 9,000 @ $17.63 | $159K | +0.1% of holding | −0.8% | −2.2% | 13,937,704 | Form 4 · filed 2 days after the trade |
| 2026-03-03 | DELAMATER WILLIAM DANIEL | officer | Sale | 9,000 @ $17.63 | $159K | −81.7% of holding | −0.8% | −2.2% | 2,012 | Form 4 · filed 2 days after the trade |
| 2025-12-11 | BAWEL DAVID BENJAMIN | officer | Sale | 674 @ $20.39 | $14K | −3.1% of holding | −5.7% | −22.7% | 21,336 | Form 4 · filed 4 days after the trade |
| 2025-12-10 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 22,819 @ $20.05 | $457K | +0.2% of holding | −2.6% | −19.0% | 13,913,704 | Form 4 · filed 2 days after the trade |
| 2025-12-09 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 28,000 @ $19.81 | $555K | +0.2% of holding | −2.2% | −18.8% | 13,890,885 | Form 4 · filed 1 day after the trade |
| 2025-12-08 | DONEGAL MUTUAL INSURANCE CO | tenPercentOwner | Purchase | 27,524 @ $19.53 | $538K | +0.2% of holding | +2.3% | −15.3% | 13,862,885 | Form 4 · filed 2 days after the trade |
The vs-S&P columns are a labeled look-back on what the stock did after each filing, measured against the index over the same window. Descriptive history, not a claim about the person or a reason to trade.
184 award / exercise / gift records — not counted as purchases
Awards, option exercises, gifts and tax-withholding disposals are shown separately and never counted as open-market purchases or sales — they carry no conviction information.
| Date | Person | Role | Action | Shares | Owned after | Filing |
|---|---|---|---|---|---|---|
| 2026-09-11 | BURKE KEVIN GERARD | director | Option exercise | 24,000 | 37,870 | Form 4 |
| 2026-09-11 | BURKE KEVIN GERARD | director | Option exercise | 24,000 | 0 | Form 4 |
| 2026-09-11 | MILLER JEFFREY DEAN | officer | Option exercise | 21,000 | 48,176 | Form 4 |
| 2026-09-11 | MILLER JEFFREY DEAN | officer | Option exercise | 21,000 | 0 | Form 4 |
| 2026-09-09 | BAWEL DAVID BENJAMIN | officer | Option exercise | 8,326 | 0 | Form 4 |
| 2026-09-09 | BAWEL DAVID BENJAMIN | officer | Option exercise | 8,326 | 30,657 | Form 4 |
| 2026-09-03 | HUBER BARRY CRAIG | director | Option exercise | 4,500 | 21,067 | Form 4 |
| 2026-09-03 | HUBER BARRY CRAIG | director | Option exercise | 4,500 | 0 | Form 4 |
| 2026-08-14 | MILLER JEFFREY DEAN | officer | Other acquisition | 417 | 42,165 | Form 4 |
| 2026-08-14 | BAWEL DAVID BENJAMIN | officer | Other acquisition | 53 | 5,420 | Form 4 |
| 2026-08-14 | BURKE KEVIN GERARD | director | Other acquisition | 33 | 3,342 | Form 4 |
| 2026-08-14 | VIOZZI VINCENT ANTHONY | officer | Other acquisition | 32 | 3,233 | Form 4 |
| 2026-08-06 | HOFFMAN CHRISTINA MARIE | officer | Option exercise | 18,000 | 22,655 | Form 4 |
| 2026-08-06 | HOFFMAN CHRISTINA MARIE | officer | Option exercise | 18,000 | 0 | Form 4 |
| 2026-08-04 | DEAS NOLAND RONE JR | officer | Option exercise | 12,000 | 6,000 | Form 4 |
| 2026-08-04 | DEAS NOLAND RONE JR | officer | Option exercise | 12,000 | 27,523 | Form 4 |
| 2026-08-04 | DEAS NOLAND RONE JR | officer | Option exercise | 8,000 | 15,523 | Form 4 |
| 2026-08-04 | DEAS NOLAND RONE JR | officer | Option exercise | 8,000 | 0 | Form 4 |
| 2026-08-04 | KING DAVID CHARLES | director | Option exercise | 4,500 | 8,200 | Form 4 |
| 2026-08-04 | KING DAVID CHARLES | director | Option exercise | 4,500 | 0 | Form 4 |
| 2026-08-04 | KING DAVID CHARLES | director | Option exercise | 4,500 | 12,700 | Form 4 |
| 2026-08-04 | BIXENMAN DENNIS JOSEPH | director | Option exercise | 4,500 | 16,105 | Form 4 |
| 2026-08-04 | BIXENMAN DENNIS JOSEPH | director | Option exercise | 4,500 | 0 | Form 4 |
| 2026-08-04 | KING DAVID CHARLES | director | Option exercise | 4,500 | 0 | Form 4 |
| 2026-08-04 | BIXENMAN DENNIS JOSEPH | director | Option exercise | 4,500 | 0 | Form 4 |
| 2026-08-04 | BIXENMAN DENNIS JOSEPH | director | Option exercise | 4,500 | 20,605 | Form 4 |
| 2026-08-04 | DEAS NOLAND RONE JR | officer | Option exercise | 4,000 | 7,523 | Form 4 |
| 2026-08-04 | DEAS NOLAND RONE JR | officer | Option exercise | 4,000 | 0 | Form 4 |
| 2026-08-04 | BIXENMAN DENNIS JOSEPH | director | Option exercise | 2,250 | 11,605 | Form 4 |
| 2026-08-04 | BIXENMAN DENNIS JOSEPH | director | Option exercise | 2,250 | 0 | Form 4 |
| 2026-07-01 | HAY JEFFERY TIM | officer | Other acquisition | 661 | 8,143 | Form 4 |
| 2026-07-01 | MILLER JEFFREY DEAN | officer | Other acquisition | 649 | 27,176 | Form 4 |
| 2026-07-01 | DEAS NOLAND RONE JR | officer | Other acquisition | 527 | 3,523 | Form 4 |
| 2026-07-01 | BAWEL DAVID BENJAMIN | officer | Other acquisition | 515 | 22,331 | Form 4 |
| 2026-07-01 | PANDEY SANJAY | officer | Other acquisition | 405 | 8,697 | Form 4 |
| 2026-07-01 | BURKE KEVIN GERARD | director | Other acquisition | 324 | 13,870 | Form 4 |
| 2026-07-01 | DELAMATER WILLIAM DANIEL | officer | Other acquisition | 324 | 2,336 | Form 4 |
| 2026-07-01 | HOFFMAN CHRISTINA MARIE | officer | Other acquisition | 81 | 4,655 | Form 4 |
| 2026-07-01 | FOLMAR WILLIAM ALBERT | officer | Other acquisition | 16 | 999 | Form 4 |
| 2026-06-23 | PANDEY SANJAY | officer | Discretionary | 28,829 | 0 | Form 4 |
Source: SEC Form 4 filings. Each row links to its original filing.
Across 2012–2021, stocks where a CEO, C-suite officer, or director had recently made an open-market common-stock purchase ran about +28 bp per month above the universe average (n=34,268 stock-weeks). A historical tendency, not a prediction.
Congressional disclosures
No congressional trades disclosed for this company.
Research tool, not investment advice — historical frequencies, not recommendations. A product of Marovel Technologies LLC. Full terms.