Form 4: Clarkston 91 West LLC acquires 500 CNFR Series B preferred

Rhea-AI Filing Summary

Conifer Holdings insider Clarkston 91 West LLC, reporting through member Jeffrey Hakala, purchased 500 Series B preferred shares on 03/03/2025 at a reported price of $5,000. After the transaction the reporting person beneficially owned 1,500 shares directly. The Form 4 indicates a routine purchase (code P) and is signed by the reporting person.

Positive

• Insider purchase disclosed: Reporting person acquired 500 Series B preferred shares on 03/03/2025, increasing direct ownership to 1,500 shares

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchase of 500 Series B preferred shares; small transaction relative to firm size, signals modest insider buying.

The Form 4 documents a direct purchase (code P) of 500 Series B preferred shares at a reported price of $5,000 on 03/03/2025, leaving the reporting entity with 1,500 shares beneficially owned. This is a straightforward disclosure of insider activity with no derivatives or complex instruments reported. The size and nature of the transaction suggest routine insider acquisition rather than a material corporate event.

Corporate Governance Expert

TL;DR: Proper Section 16 disclosure filed; shows compliance and transparent reporting of insider ownership change.

The filing is a standard Section 16 Form 4 documenting a purchase by Clarkston 91 West LLC, reported by member Jeffrey Hakala and signed. It confirms the issuer's insiders are reporting transactions and maintaining transparency. No amendments, coded plans, or complex arrangements are disclosed. From a governance perspective, the filing meets routine disclosure expectations.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Clarkston 91 West LLC

(Last) (First) (Middle)

91 WEST LONG LAKE ROAD

(Street)

BLOOMFIELD HILLS MI 48304

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Conifer Holdings, Inc. [ CNFR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Series B Preferred Stock	03/03/2025		P		500	A	$5,000	1,500	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Jeffrey Hakala, Member	08/22/2025
	** 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 4 (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 the Form 4 for Conifer Holdings (CNFR) disclose?

The Form 4 shows Clarkston 91 West LLC purchased 500 Series B preferred shares on 03/03/2025 at a reported price of $5,000, resulting in 1,500 shares beneficially owned.

Who filed the Form 4 for CNFR and who signed it?

The filing lists Clarkston 91 West LLC as the reporting person and is signed by Jeffrey Hakala, Member on the form.

What transaction code was used on the CNFR Form 4 and what does it mean?

Transaction code P was used, which indicates a purchase of securities.

How many shares does the reporting person own after the transaction?

After the reported purchase the reporting person beneficially owned 1,500 shares (direct ownership).