Kingsway (KWY) Director Joshua Horowitz Buys 3,575 Shares

What Happened
Joshua Horowitz, a director of Kingsway Corporation (KWY), made two open‑market purchases (transaction code P) totaling 3,575 shares: 2,717 shares on 2026‑09‑28 at $9.28 ($25,202) and 858 shares on 2026‑09‑30 at $9.23 ($7,919). The combined cash outlay for these purchases was roughly $33,121. Purchases are generally regarded as an insider acquiring stock (a bullish signal), though no motive is stated.

Key Details

• Transaction dates and prices:
  • 2026‑09‑28: 2,717 shares at $9.28 (total ≈ $25,202)
  • 2026‑09‑30: 858 shares at $9.23 (total ≈ $7,919)
• Total shares purchased: 3,575; total value: ≈ $33,121.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Filing/Timeliness: Form 4 filed 2026‑09‑30 for transactions on 9/28 and 9/30 — appears timely (filed within the normal Form 4 reporting window).
• Relevant footnotes in the filing:
  • F1: Describes Kingsway’s Class D Preferred Stock terms (stated value $25, convertible into Common Stock at an initial conversion price of $9.50 — 2.6316 common shares per preferred share — with certain redemption provisions and a mandatory redemption date of May 8, 2032).
  • F2: Notes Palm Management (US) LLC and Palm Global Small Cap Master Fund LP relationships; Horowitz may be deemed to have limited beneficial interest via roles but disclaims beneficial ownership except to the extent of pecuniary interest.
  • F3: The reported price for one purchase is a weighted average; individual trade prices ranged $9.255–$9.28 and full breakdown is available upon request.

Context

• These were straightforward open‑market purchases (code P). No options exercises, awards, gifts, or sales were reported in this filing.
• The filing includes conversion/redemption details for the Company’s Class D Preferred Stock (see F1), which may be relevant if the purchased securities relate to that series; consult the full Form 4 for security class details.
• As always, purchases by insiders show personal investment but do not guarantee future stock performance.