Kent A. Hansen - Nov 30, 2023 Form 4 Insider Report for KINGSWAY FINANCIAL SERVICES INC (KFS)

Role
CFO & EVP
Signature
/s/ Debra Rouse, attorney-in-fact for Kent A. Hansen
Stock symbol
KFS
Transactions as of
Nov 30, 2023
Transactions value $
-$63,584
Form type
4
Date filed
12/4/2023, 04:13 PM
Previous filing
Nov 16, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KFS Common Stock Purchase $1.56K +213 +0.19% $7.31 110K Nov 30, 2023 Direct F1, F2
transaction KFS Common Stock Tax liability -$28.3K -3.75K -3.41% $7.55 106K Dec 1, 2023 Direct F3, F4
transaction KFS Common Stock Tax liability -$36.8K -4.88K -4.59% $7.55 101K Dec 3, 2023 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Common Stock were acquired pursuant to the Kingsway America Inc. Employee Share Purchase Plan, as amended and restated effective May 29, 2014 (the "ESPP"). Pursuant to the ESPP, eligible employees may contribute an amount up to 5% of adjusted salary for each regular payroll period and, to the extent such employee has been employed by Kingsway America Inc. and its subsidiaries for 12 months, the company will make a matching contribution equal to 100% of such employee's contribution. The employee contributions and company contributions are used to purchase, as soon as administratively practicable after the date of such contributions, shares of Kingsway Financial Services Inc. The shares are acquired by the administrator of the ESPP on the open market through the services of a duly registered stockbroker.
F2 Includes 21,836 shares of restricted stock granted on December 3, 2021 and 25,111 shares of restricted stock granted on December 15, 2022.
F3 Reflects shares of the Issuer's common stock surrendered by the Reporting Person to satisfy tax withholding obligations upon the vesting of shares granted under a restricted stock agreement.
F4 Includes 21,836 shares of restricted stock granted on December 3, 2021 and 16,740 shares of restricted stock granted on December 15, 2022.
F5 Includes 10,918 shares of restricted stock granted on December 3, 2021 and 16,740 shares of restricted stock granted on December 15, 2022.