[Form 3] Conifer Holdings, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Reporting person Clarkston Companies, Inc. filed an initial Form 3 disclosing ownership in Presurance Holdings, Inc. (PRHI). The filing shows 1,500 shares of Series B Preferred Stock held directly and a direct warrant to purchase 4,000,000 shares of common stock exercisable at $1.50. The warrant becomes exercisable on 06/03/2025 and expires on 01/31/2027. The form is signed by Jeffrey Hakala on 10/09/2025.

Positive

• Full Section 16 disclosure filed, improving transparency for shareholders
• Large direct warrant position (4,000,000 shares) is explicitly disclosed with exercise price $1.50
• Clear exercisability window provided: from 06/03/2025 to 01/31/2027

Negative

• Potential dilution from the 4,000,000 warrants if exercised at $1.50
• Limited preferred stake of 1,500 shares provides minimal differentiated economic rights as disclosed

Insights

Corporate Governance Analyst

Initial insider disclosure shows meaningful warrant position and small preferred stake.

The filing reports a direct ownership of 1,500 shares of Series B Preferred Stock and a direct warrant to buy 4,000,000 common shares at $1.50. This establishes transparent beneficial ownership and a potential source of future equity if the warrant is exercised.

Key dependencies include the exercise timing between 06/03/2025 and 01/31/2027 and market conditions that would make exercising the warrant economically relevant. Investors may monitor outstanding warrants and any subsequent Form 4 trades for changes to this position within the stated term.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Clarkston Companies, Inc.

(Last) (First) (Middle)

303 E THIRD STREET

SUITE 110

(Street)

ROCHESTER MI 48307

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/08/2025

3. Issuer Name and Ticker or Trading Symbol
Presurance Holdings, Inc. [ PRHI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Series B Preferred Stock	1,500	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant to Purchase Common Stock	06/03/2025	01/31/2027	Common Stock	4,000,000	$1.5	D

Explanation of Responses:

	/s/ Jeffrey Hakala, Member	10/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Clarkston Companies disclose on the Form 3 for Presurance Holdings (PRHI)?

The filing reports direct ownership of 1,500 Series B Preferred Stock shares and a direct warrant to purchase 4,000,000 common shares at an exercise price of $1.50.

When can the 4,000,000 warrants for PRHI be exercised?

The warrant is exercisable beginning 06/03/2025 and expires on 01/31/2027.

Who signed the Form 3 disclosure?

The form is signed by Jeffrey Hakala, identified as a member, dated 10/09/2025.

Does the Form 3 indicate indirect ownership or group filing?

No; the filing indicates direct ownership and that the form was filed by one reporting person.

What is the economic implication of the disclosed warrant?

If exercised, the 4,000,000 warrants would create equity dilution at an exercise price of $1.50, subject to market conditions and timing within the stated term.