Kingsway (KFS) insider Stilwell reports stock sale and preferred stakes
Rhea-AI Filing Summary
Kingsway Financial Services Inc. insider Joseph Stilwell, a director and 10% owner, reported a sale of Common Stock. On 12/22/2025, Stilwell Associates, L.P. sold 19,229 shares of Kingsway common stock at $12.80 per share.
After this transaction, Stilwell reports 162,500 shares owned directly and additional indirect holdings of Kingsway common stock through several investment entities, including 300,000, 2,254,971, 436,911 and 371,568 shares. He also reports indirect interests in Kingsway preferred stock: Class D and Class C series with stated value of $25 per share, convertible into common stock at 2.63158 common shares per preferred share, with underlying amounts of 52,631, 88,421 and 16,842 common shares and redemption dates in 2032 as disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 19,229 | $12.80 | $246K |
| holding | Class D Preferred Stock | -- | -- | -- |
| holding | Class C Preferred Stock | -- | -- | -- |
| holding | Class C Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These are shares owned directly by Joseph Stilwell. This Form 4 reports the following sales: on December 22, 2025, Stilwell Associates, L.P. ("Associates") sold 19,229 shares at $12.80. These are shares owned directly by Associates and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of Associates. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. These are shares owned directly by Stilwell Activist Investments, L.P. ("SAI") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. These are shares owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. These are shares owned directly by Stilwell Value Partners VII, L.P. ("SVP VII") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. The shares of Class D Preferred Stock of Kingsway Financial Services Inc. (the "Company") have a stated value of $25 per share and are convertible at any time into shares of Common Stock, par value $0.01 per share, of the Company (the "Common Stock") at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class D Preferred Stock, subject to customary adjustments. All outstanding shares of Class D Preferred Stock shall be redeemed by the Company on May 7, 2032. The shares of Class C Preferred Stock of the Company have a stated value of $25 per share and are convertible at any time into shares of Common Stock at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class C Preferred Stock, subject to customary adjustments. All outstanding shares of Class C Preferred Stock shall be redeemed by the Company on February 12, 2032.
FAQ
What insider transaction was reported for Kingsway Financial Services Inc. (KFS)?
The filing reports that on 12/22/2025, Stilwell Associates, L.P., related to insider Joseph Stilwell, sold 19,229 shares of Kingsway Financial Services Inc. common stock at $12.80 per share.
What is Joseph Stilwells relationship to Kingsway Financial Services Inc. (KFS)?
Joseph Stilwell is reported as both a Director and a 10% Owner of Kingsway Financial Services Inc., reflecting significant insider ownership and board-level involvement.