Charles L. Frischer - 24 Sep 2024 Form 4 Insider Report for KINGSWAY FINANCIAL SERVICES INC (KFS)

Role
Director
Signature
/s/ Debra Rouse, attorney-in-fact for Charles Frischer
Issuer symbol
KFS
Transactions as of
24 Sep 2024
Net transactions value
+$100,000
Form type
4
Filing time
27 Sep 2024, 09:21:14 UTC
Previous filing
14 Sep 2023
SEC
View on sec.gov
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KFS Common Stock 1,600,898 24 Sep 2024 Direct
holding KFS Common Stock 234,900 24 Sep 2024 By IRA-R
holding KFS Common Stock 17,200 24 Sep 2024 By IRA-T

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
transaction KFS Class B Preferred Stock Award $100,000 +4,000 $25.00 4,000 24 Sep 2024 Common Stock 10,526 $9.50 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B Preferred Stock of Kingsway Financial Services Inc. (the "Company") have a stated value of $25 per share and are convertible at any time into shares of Common Stock, par value $0.01 per share, of the Company (the "Common Stock") at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class B Preferred Stock, subject to customary adjustments. All outstanding shares of Class B Preferred Stock shall be redeemed by the Company on September 24, 2031.