Joseph Stilwell - 11 Dec 2025 SCHEDULE 13D/A Report for KINGSWAY FINANCIAL SERVICES INC Common Shares, no par value (KFS)

Filing Manager
Joseph Stilwell
Reporting Manager
Stilwell Activist Fund, L.P.
Security
KINGSWAY FINANCIAL SERVICES INC Common Shares, no par value
Symbol
KFS
Shares outstanding
29.1M shares
Disclosed Ownership
5.46M shares
Ownership
18.8%
Form type
SCHEDULE 13D/A
Date filed
15 Dec 2025, 19:29
Date of event
11 Dec 2025
Previous filing
19 Aug 2025
SEC
View on sec.gov

Reporting Managers (6)

Name Ownership Shares Owned sole voting power shared voting power Signature Title CIK
Stilwell Activist Fund, L.P. 18.8% 5.46M 0 5.46M /s/ Megan Parisi Megan Parisi, Member of Stilwell Value LLC, its General Partner 0001564452
Stilwell Activist Investments, L.P. 18.8% 5.46M 0 5.46M /s/ Megan Parisi Megan Parisi, Member of Stilwell Value LLC, its General Partner 0001573720
STILWELL ASSOCIATES L P 18.8% 5.46M 0 5.46M /s/ Megan Parisi Megan Parisi, Member of Stilwell Value LLC, its General Partner 0000913960
Stilwell Value Partners VII, L.P. 18.8% 5.46M 0 5.46M /s/ Megan Parisi Megan Parisi, Member of Stilwell Value LLC, its General Partner 0001555931
Stilwell Value LLC 18.8% 5.46M 0 5.46M /s/ Megan Parisi Megan Parisi, Member 0001397076
STILWELL JOSEPH 18.8% 5.46M 0 5.46M /s/ Joseph Stilwell Joseph Stilwell* 0001113303