Adam Jonathan Patinkin - 18 May 2026 Form 4 Insider Report for KINGSWAY Corp (KFS)

Reporting relationship: Director
Issuer ticker: KFS
Reported as of: 18 May 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 20 May 2026, 07:00:49 UTC
Prior SEC filing: 18 Dec 2025
Source filing: View source filing
Reporting owner signature: /s/Kent A. Hansen, attorney-in-fact for Adam Jonathan Patinkin

Key filing fact

Adam Jonathan Patinkin filed Form 4 for KINGSWAY Corp (KFS) on 20 May 2026.

Key facts

This page summarizes Adam Jonathan Patinkin's Form 4 filing for KINGSWAY Corp (KFS).
1 reported transaction and 2 derivative rows are listed below.
Accepted by SEC: 20 May 2026, 07:00.

Change

Previous filing in this sequence was filed on 18 Dec 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002063594 Primary reporting owner

Patinkin Adam Jonathan

Relationship: Director
Address: 737 N. MICHIGAN AVE., SUITE 1405, CHICAGO
Signature: /s/Kent A. Hansen, attorney-in-fact for Adam Jonathan Patinkin
Signature date: 20 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

KFS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,023,000
Date: 18 May 2026
Ownership: by David Capital Partners Fund, LP
Footnotes: F1, F2

KFS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,524,000
Date: 18 May 2026
Ownership: by David Capital Partners Special Situation Fund, LP

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

KFS transaction Derivative

Nonqualified Stock Option

Award

Transaction value
Shares: +200,000
Change %
Price: $0.000000^*
Shares after: 200,000
Date: 18 May 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 200,000
Exercise price: $20.00
Footnotes: F4, F5

KFS holding Derivative

Class D Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,000
Date: 18 May 2026
Ownership: by David Capital Partners Special Situation Fund, LP
Underlying class: Common Stock
Underlying amount: 68,421
Exercise price: $9.50
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

David Capital Partners, LLC, as the investment manager and general partner of David Capital Partners Fund, LP ("DCP Fund"), may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by DCP Fund. Due to his position as managing partner of David Capital Partners, LLC, Mr. Patinkin may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by DCP Fund. David Capital Partners, LLC and Mr. Patinkin expressly disclaim such beneficial ownership except to the extent of their pecuniary interest therein.

Footnote F2

David Capital Partners, LLC, as the investment manager and general partner of David Capital Partners Special Situation Fund, LP ("DCP Special"), may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by DCP Special. Due to his position as managing partner of David Capital Partners, LLC, Mr. Patinkin may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by DCP Special. David Capital Partners, LLC and Mr. Patinkin expressly disclaim such beneficial ownership except to the extent of their pecuniary interest therein.

Footnote F3

The shares of Class D Preferred Stock of Kingsway Corporation (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 D Preferred Stock, subject to customary adjustments. All outstanding shares of Class D Preferred Stock shall be redeemed by the Company on May 8, 2032.

Footnote F4

The option consists of tranches with different exercise prices. An aggregate of 200,000 options have an exercise price of $20 per share, of which 100,000 vested on the grant date and 100,000 will vest on the first anniversary of the grant date. The remaining 200,000 options have an exercise price of $30 per share, with 100,000 vesting on the second anniversary of the grant date and 100,000 vesting on the third anniversary of the grant date.

Footnote F5

Represents a 10-year stock option to purchase an aggregate of 400,000 shares of common stock. The option vests as follows: (i) 100,000 shares vested on the grant date at an exercise price of $20 per share; (ii) 100,000 shares will vest on the first anniversary of the grant date at an exercise price of $20 per share; (iii) 100,000 shares will vest on the second anniversary of the grant date at an exercise price of $30 per share; and (iv) 100,000 shares will vest on the third anniversary of the grant date at an exercise price of $30 per share. Vesting is subject to the reporting person's continued service through each applicable vesting date.