Kingsway Financial Services Inc. (KFS) insider sale by Joseph Stilwell
Rhea-AI Filing Summary
Kingsway Financial Services Inc. director and 10% owner Joseph Stilwell reported an insider transaction involving the sale of 67,500 shares of common stock at $12.80 per share on December 11, 2025 through Stilwell Associates, L.P. After this sale, Stilwell-related entities continue to hold significant positions, including 579,404 common shares via Stilwell Associates, 3,550,382 shares via Stilwell Activist Investments, 457,181 shares via Stilwell Activist Fund, and 590,410 shares via Stilwell Value Partners VII, along with shares held directly by Stilwell.
The filing also lists preferred stock holdings that can convert into common stock. Class D Preferred Stock with a stated value of $25 per share is convertible into 52,631 common shares and is scheduled to be redeemed by Kingsway on May 7, 2032. Class C Preferred Stock, also with a stated value of $25 per share, is convertible into 88,421 and 16,842 common shares across two positions and is scheduled to be redeemed on February 12, 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 67,500 | $12.80 | $864K |
| 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 11, 2025 Stilwell Associates, L.P. ("Associates") sold 67,500 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 did Kingsway Financial Services (KFS) disclose?
The company reported that Stilwell Associates, L.P., an entity affiliated with director and 10% owner Joseph Stilwell, sold 67,500 shares of Kingsway Financial Services common stock at $12.80 per share on December 11, 2025.
What is Joseph Stilwells relationship to Kingsway Financial Services (KFS)?
Joseph Stilwell is identified as a director and 10% owner of Kingsway Financial Services Inc., with both direct share ownership and indirect ownership through several investment partnerships.
When are Kingsway Financials preferred stock series scheduled to be redeemed?
All outstanding shares of Class D Preferred Stock are scheduled to be redeemed on May 7, 2032, and all outstanding shares of Class C Preferred Stock are scheduled to be redeemed on February 12, 2032.