Hansen Kent A 4

What Happened Kent A. Hansen, Chief Financial Officer and Executive VP of Kingsway Financial Services Inc. (KFS), acquired 146 shares on March 13, 2026 at $10.71 per share for a total of $1,564. The shares were purchased pursuant to the Kingsway America Inc. Employee Share Purchase Plan (ESPP) and were acquired on the open market by the plan administrator.

Key Details

• Transaction date and price: 2026-03-13, 146 shares at $10.71 each.
• Total value: $1,564.
• Filing date: Form 4 filed 2026-03-16 (no late-file flag noted in the filing).
• Shares owned after transaction: Not explicitly stated in the Form 4. The filing’s footnote lists restricted stock holdings that include 7,102 shares granted 3/26/2024 and 13,818 shares granted 12/4/2024.
• Notable footnotes:
  • F1: Purchase made under the ESPP—employees may contribute up to 5% of salary and eligible employees with 12+ months' service receive a 100% company match; the ESPP administrator buys shares on the open market.
  • F2: Details of previously granted restricted stock (7,102 and 13,818 shares).

Context This was a small-value purchase (about $1.6K) executed through the company’s ESPP, which is a routine employee benefit arrangement rather than a direct open-market trade by the insider. Purchases under an ESPP can reflect regular participation in the plan; they do not by themselves indicate a change in insider sentiment.