Chen Minlei 4

What Happened

• Chen Minlei, Chief Actuary and Senior Vice President of KINGSTONE Companies (KINS), had 1,202 shares withheld on June 18, 2026 to satisfy tax withholding related to vested equity. The shares were valued at $15.89 each, totaling $19,100. This is a tax-withholding disposition (code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-06-18; filing date: 2026-06-23 (filed after the usual 2-business-day Form 4 window).
• Transaction: 1,202 shares withheld at $15.89 per share; total value $19,100 (code F — tax withholding/cashless payment).
• Shares owned after transaction: not specified in the material provided in this summary.
• Relevant footnotes:
  • F1: Shares were withheld from a vested stock grant to pay associated withholding taxes.
  • F2: The reported holdings include 12,727 shares from unvested restricted stock grants vesting in tranches (6,520 on Mar 3, 2027; 3,333 on Jun 18, 2027; 2,874 on Mar 3, 2028).
  • F3: A related option vests and becomes exercisable on Jan 5, 2027.

Context

• This was a routine tax-withholding event (cashless disposition) tied to vested equity — common and generally not a directional trading signal. It does not represent an open-market sale by the insider.
• The filing appears to have been submitted after the typical 2-business-day Form 4 deadline, which is noted for investors tracking timeliness.