Hansen Kent A 4

What Happened
Kent A. Hansen, Chief Financial Officer and Executive Vice President of Kingsway Financial Services Inc. (KFS), acquired 153 shares of KFS common stock on March 30, 2026 at $10.22 per share for a total of approximately $1,564. The purchase is reported as transaction code "P" (purchase) and was completed through the company’s Employee Share Purchase Plan (ESPP).

Key Details

• Transaction date and price: 2026-03-30 — 153 shares at $10.22 each (total ~$1,564).
• Transaction type: P = purchase (shares were acquired via the ESPP; administrator buys on the open market).
• Shares owned after transaction: total beneficial ownership after this specific purchase is not stated in the extract; filing footnote notes restricted stock holdings from 2024 grants (7,102 and 13,818 shares — total 20,920 shares referenced).
• Relevant footnote(s): F1 — Shares acquired under the Kingsway America Inc. ESPP; employees may contribute up to 5% of salary and, after 12 months of employment, Kingsway matches 100% of contributions; ESPP purchases are made on the open market by the plan administrator. F2 — notes the restricted stock grants cited above.
• Filing timeliness: Period of report 2026-03-30, filed 2026-03-31 — appears timely.

Context
Purchases reported under an ESPP are routine employee benefit transactions; they represent a direct buy of company stock (often viewed as a modestly bullish action because the insider is adding shares). This filing does not show option exercises, gifts, or sales that would change liquidity immediately — it documents an open-market acquisition executed by the ESPP administrator.