Hansen Kent A 4

What Happened
Kent A. Hansen, Chief Financial Officer and Executive Vice President of KINGSWAY Corp (KWY), acquired 144 shares of KINGSWAY common stock on May 15, 2026 at $10.85 per share, for a total purchase of approximately $1,562. The acquisition was made under the company's Employee Share Purchase Plan (ESPP).

Key Details

• Transaction date and price: 2026-05-15 — 144 shares at $10.85 per share (total ≈ $1,562).
• How shares were acquired: Purchased through the Kingsway America Inc. ESPP; shares are bought on the open market by the ESPP administrator (see footnote F1).
• Shares owned after transaction: Filing references restricted stock grants that are included in beneficial ownership — 6,909 shares (granted Dec 4, 2024) and 14,568 shares (granted Mar 17, 2026). The 144-share ESPP purchase was reported in the same filing.
• Footnotes of note:
  • F1: ESPP allows eligible employees to contribute up to 5% of salary with a 100% company match after 12 months; purchases made on open market by broker.
  • F2: Notes the restricted stock grants (6,909 and 14,568 shares) included in reported beneficial ownership.
• Filing timing: The Form 4 was filed on 2026-05-19 reporting the May 15, 2026 transaction.

Context

• This was a routine purchase through an ESPP (employee purchase plan), which is generally considered a standard employee benefit rather than a direct market-timing signal. The purchase amount is modest (~$1.6k) relative to typical insider transactions.