Horowitz Joshua 4

What Happened
Joshua Horowitz, a director of Kingsway Corporation (KWY), made two purchases (transaction code P) of company stock: 700 shares on May 28, 2026 at $9.95 ($6,965) and 3,800 shares on May 29, 2026 at $9.91 ($37,660), for a combined 4,500 shares purchased for $44,625. These were purchases (not sales), which are typically viewed as a direct buy of shares rather than a disposition.

Key Details

• Transaction dates & prices: May 28, 2026 — 700 shares @ $9.95 ($6,965); May 29, 2026 — 3,800 shares @ $9.91 ($37,660).
• Total purchased: 4,500 shares for $44,625.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Notable footnotes from the filing:
  • F1: Describes the Company’s Class D Preferred Stock (stated value $25, convertible into common at an initial conversion price of $9.50; redemption provisions apply).
  • F2: Palm Management (US) LLC (and via certain roles, Mr. Horowitz) may be deemed beneficial owners of securities directly owned by Palm Global; they disclaim beneficial ownership except to the extent of pecuniary interest.
  • F3: Reported price represents a weighted average; purchases occurred at prices ranging $9.80–$9.95 and the reporting person will provide a per-trade breakdown on request.
• Filing timeliness: The filing date is June 1, 2026; the Form 4 does not indicate a late-filing flag in the information provided.

Context
These transactions were purchases in the open market or private purchase (code P). The filing contains no indication of option exercises, awards, gifts, or immediate sales of the purchased shares. As always, purchases by insiders are factual signals of buying activity but do not, by themselves, reveal the insider’s motivation.