KINGSWAY (KWY) Director Joshua Horowitz Buys Stock

What Happened
Joshua Horowitz, a director of KINGSWAY Corporation (KWY), made three open‑market purchases (code P) of company shares: 1,300 shares on Aug 18 at $9.75 ($12,675), 7,034 shares on Aug 19 at a weighted average $9.84 ($69,203), and 769 shares on Aug 20 at $9.89 ($7,605). Total purchased = 9,103 shares for approximately $89,483. These were purchases (a net buy), which many investors view as a positive signal, though no motive is stated.

Key Details

• Transaction dates and prices:
  • 2026-08-18: 1,300 shares @ $9.75 = $12,675
  • 2026-08-19: 7,034 shares @ $9.84 (weighted avg; actual prices ranged $9.82–$9.86) = $69,203 (see footnote F3)
  • 2026-08-20: 769 shares @ $9.89 = $7,605
• Total: 9,103 shares purchased for ~$89,483.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1 describes terms of the Company’s Class D preferred stock (convertible into common shares at an initial $9.50 conversion price; stated value $25; redeemable May 8, 2032).
  • F2 indicates potential deemed beneficial ownership via Palm Global Small Cap Master Fund LP and Palm Management (US) LLC due to Mr. Horowitz’s roles; they disclaim beneficial ownership except for pecuniary interest.
  • F3 explains the reported $9.84 price is a weighted average for multiple trades and the filer can provide per‑trade pricing on request.
• Filing timeliness: Form 4 was filed on 2026-08-20 for trades from Aug 18–20; the filing does not indicate a late filing flag in the provided data.

Context
These were straightforward open‑market purchases (P) — not option exercises, gifts, or awards — so they represent direct additions to Mr. Horowitz’s reported holdings. The filing is factual and does not state intent; investors should consider this alongside other company and market information.