KINGSWAY (KWY) 10% Owner Joseph Stilwell Sells Shares

What Happened

• Joseph Stilwell (reported as a 10% owner) sold a total of 100,000 shares of KINGSWAY Corp common stock in three transactions on August 13, 2026. The sales were: 32,982 shares at $10.00 ($329,820), 26,168 shares at $10.00 ($261,680), and 40,850 shares at $10.00 ($408,500), for an aggregate proceeds amount of $1,000,000. These transactions are reported as sales (code S), not purchases.

Key Details

• Transaction date: August 13, 2026; filing date: August 17, 2026 (appears timely under Form 4 rules).
• Price: $10.00 per share for each sale.
• Shares sold: 32,982 / 26,168 / 40,850 = 100,000 total shares; Total proceeds = $1,000,000.
• Reported sellers (per footnote F2): Stilwell Associates, L.P. (32,982), Stilwell Activist Investments, L.P. (26,168), Stilwell Value Partners VII, L.P. (40,850).
• Ownership notes: Stilwell is disclosed as a 10% owner and is the managing member/owner of the general partner (Value) of the named funds; he disclaims beneficial ownership of indirectly held shares except to the extent of his pecuniary interest (footnotes F3–F5).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction type: Sales (open market or private sale). No 10b5‑1 plan, tax withholding, or gift notation provided in the excerpt.

Context

• These were sales by affiliated investment vehicles controlled by Stilwell rather than an outright executive purchase; as a 10% owner and fund manager, the transactions should be viewed as institutional/fund-level dispositions rather than a simple insider personal trade. Sales are common and do not, by themselves, indicate company performance or insider sentiment. The filing appears timely (filed on Aug 17 for Aug 13 trades).