KINS (KINS) SVP David Craven Fernandez reports shares and options stake
Rhea-AI Filing Summary
KINGSTONE COMPANIES, INC. senior vice president and chief claims officer David Craven Fernandez reported his existing equity holdings in the company. He holds 22,142 shares of common stock directly, including 11,095 unvested restricted shares scheduled to vest in stages through March 3, 2028. He also holds a stock option on 10,000 shares of common stock at an exercise price of $2.2500 per share, which vests in three equal annual installments through January 5, 2027 and expires on January 5, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Fernandez David Craven
Role
SVP, Chief Claims Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option — 10,000 shares (Direct);
Common Stock — 22,142 shares (Direct)
Footnotes (2)
- F1. Includes, 11,095 shares received pursuant to unvested restricted stock grants. Such shares vest to the extent of 2,662 shares on November 20, 2026, 5,846 shares on March 3, 2027 and 2,587 shares on March 3, 2028.
- F2. The option vests and becomes exercisable to the extent of 3,334 shares on January 5, 2025 and 3,333 shares on each of January 5, 2026 and January 5, 2027.
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FAQ
What insider holdings did KINS executive David Craven Fernandez report on this Form 3?
David Craven Fernandez reported direct ownership of 22,142 common shares of KINGSTONE COMPANIES, INC., plus a stock option covering 10,000 shares at an exercise price of $2.2500 per share, providing both current and potential future equity exposure.
What are the key terms of David Craven Fernandez’s KINS stock option?
He holds a stock option on 10,000 common shares with an exercise price of $2.2500 per share. The option vests in three installments and gives him the right, but not the obligation, to purchase these shares before expiration.
How does the KINS stock option for David Craven Fernandez vest over time?
The option becomes exercisable for 3,334 shares on January 5, 2025, and 3,333 shares on each of January 5, 2026 and January 5, 2027. Any unexercised portion remains outstanding until its January 5, 2029 expiration.
What is the expiration date of David Craven Fernandez’s KINS stock option?
The reported stock option on 10,000 KINS common shares expires on January 5, 2029. After that date, any unexercised portion of the option can no longer be used to purchase shares at the $2.2500 exercise price.