Meryl Golden - Jan 2, 2024 Form 4 Insider Report for KINGSTONE COMPANIES, INC. (KINS)

Signature
/s/ Meryl S. Golden
Stock symbol
KINS
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/2/2024, 04:28 PM
Previous filing
Aug 31, 2023
Next filing
Sep 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KINS Common Stock Award $0 +64.1K +38.16% $0.00 232K Jan 2, 2024 Direct F1, F2
holding KINS Common Stock 20K Jan 2, 2024 IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding KINS Stock Option 50K Jan 2, 2024 Common Stock 50K $8.72 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares received pursuant to restricted stock grant. Such shares vest on December 31, 2024.
F2 Includes 195,996 shares received pursuant to unvested restricted stock grants. Such shares vest to the extent of 50,556 shares on January 3, 2024, 50,555 shares on December 31, 2024, 10,000 shares on each of January 3, 2024 and January 3, 2025, 10,000 shares on January 4, 2024, 800 shares on December 13, 2024 and 64,085 shares on December 31, 2024.
F3 The option is exercisable to the extent of 12,500 shares on each of September 25, 2019, September 25, 2020, September 25, 2021 and September 25, 2022.