Joseph Stilwell - Mar 24, 2022 Form 4 Insider Report for KINGSWAY FINANCIAL SERVICES INC (KFS)

Signature
/s/ Debra Rouse as Attorney-in-Fact for Joseph Stilwell
Stock symbol
KFS
Transactions as of
Mar 24, 2022
Transactions value $
$110,000
Form type
4
Date filed
3/28/2022, 04:02 PM
Previous filing
Mar 24, 2022
Next filing
Mar 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KFS Common Stock Purchase $55K +10K +1.14% $5.50 887K Mar 24, 2022 See footnote F3, F4
transaction KFS Common Stock Purchase $46.7K +8.5K +0.17% $5.50 4.89M Mar 25, 2022 See footnote F3, F5
transaction KFS Common Stock Purchase $8.28K +1.51K +0.24% $5.50 632K Mar 25, 2022 See footnote F3, F6
holding KFS Common Stock 163K Mar 24, 2022 Direct F1
holding KFS Common Stock 939K Mar 24, 2022 See footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These are shares owned directly by Joseph Stilwell.
F2 These are shares owned directly by Stilwell Associates L.P. ("Associates") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of Associates. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
F3 This Form 4 reports the following acquisitions on March 24, 2022: Stilwell Value Partners VII, L.P. ("SVP VII") acquired 10,000 shares at $5.50; and on March 25, 2022: (a) Stilwell Activist Investments, L.P. ("SAI") acquired 8,495 shares at $5.50; and (b) Stilwell Activist Fund, L.P. ("SAF") acquired 1,505 shares at $5.50 USD per share.
F4 These are shares owned directly by SVP VII and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
F5 These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
F6 These are shares owned directly by SAF and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.