Hansen Kent A 4

What Happened
Kent A. Hansen, Chief Financial Officer and EVP of Kingsway Financial Services Inc. (KFS), acquired 114 shares on February 2, 2026 at $13.69 per share for a total of $1,561. The purchase was made under the company’s Employee Share Purchase Plan (ESPP) and was an open market acquisition by the ESPP administrator.

Key Details

• Transaction date and price: 2026-02-02 — 114 shares @ $13.69 each; total ≈ $1,561.
• Transaction type/code: Purchase (P) via the Kingsway America Inc. ESPP; shares bought on the open market by the plan administrator.
• Shares owned after transaction: The filing excerpt does not state total post-transaction beneficial ownership; footnote indicates Hansen holds restricted stock totaling 21,920 shares (7,102 granted Mar 26, 2024 and 13,818 granted Dec 4, 2024).
• Footnotes of note: F1 — ESPP allows employee contributions up to 5% of adjusted salary with a 100% company match after 12 months; purchases are made on the open market. F2 — details restricted stock grants included above.
• Filing timeliness: Reported on 2026-02-02 for a transaction the same day; no late filing indicated.

Context
This was a routine ESPP purchase (employee contribution and company matching mechanism), a modest-dollar insider buy that can be viewed as a routine participation in employee compensation rather than a large-scale insider investment. Purchases under ESPPs are common and often reflect regular payroll-based contributions rather than one-off market timing.