Hansen Kent A 4

What Happened
Kent A. Hansen, Chief Financial Officer and Executive Vice President of Kingsway Financial Services, purchased 126 shares of KFS common stock in an open-market acquisition on February 27, 2026 at $12.34 per share, for a total cost of $1,555. The purchase was made under the company’s Employee Share Purchase Plan (ESPP).

Key Details

• Transaction date and price: 2026-02-27 — 126 shares at $12.34/share (total $1,555). Transaction code: P (Purchase).
• Method: Shares were acquired pursuant to the Kingsway America Inc. ESPP; the plan administrator purchases shares on the open market through a broker (see footnote F1).
• Shares owned after transaction: The filing does not state total beneficial ownership after this purchase. Footnote F2 notes the insider holds restricted stock grants of 7,102 and 13,818 shares (totaling 20,920 shares) from 2024 grants.
• Timeliness: Form 4 was filed on 2026-03-02; this filing is within the required two-business-day window and is timely.

Context
This was a purchase through the company’s ESPP rather than a direct floor-market buy by the insider. ESPP purchases are common employee compensation actions; small purchases like this are routine but are often viewed by investors as a modest positive signal because insiders are adding to holdings.