Kingstone (KINS) executive reports tax withholding of shares, retains sizable equity stake

Rhea-AI Filing Summary

Kingstone Companies, Inc. Chief Actuary and Senior VP Minlei Chen reported routine share withholding for taxes tied to equity compensation. On a Form 4 dated June 18, 2026, 1,202 shares of common stock were disposed of at $15.89 per share through a tax-withholding disposition, meaning shares were withheld from a vested stock grant to pay related withholding taxes rather than sold in the open market.

After this transaction, Chen directly holds 41,917 common shares, which include 12,727 shares from unvested restricted stock grants scheduled to vest as to 6,520 shares on March 3, 2027, 3,333 shares on June 18, 2027, and 2,874 shares on March 3, 2028. Chen also holds a stock option over 3,333 shares of common stock at a $2.25 exercise price that vests and becomes exercisable on January 5, 2027 and expires on January 5, 2029.

Insights

Equity compensation analyst

Routine tax withholding on vested stock; no open-market trading signal.

The filing shows 1,202 common shares withheld at $15.89 per share to cover taxes on a vested stock grant. Code F and the footnote confirm this was a tax-withholding disposition, not an open-market sale, so it carries limited informational value about Chen’s view of the stock.

Post-transaction, Chen directly holds 41,917 common shares, including 12,727 unvested restricted shares that vest in tranches on March 3, 2027, June 18, 2027, and March 3, 2028. Chen also retains a stock option for 3,333 shares at an exercise price of $2.25, vesting on January 5, 2027 and expiring on January 5, 2029. The transactions appear to be standard elements of an executive equity compensation package.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Chen Minlei

Role Chief Actuary and Senior VP

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,202	$15.89	$19K
holding	Stock Option	--	--	--

Holdings After Transaction: Common Stock — 41,917 shares (Direct, null); Stock Option — 3,333 shares (Direct, null)

Footnotes (1)

1. Shares were withheld from vested stock grant to pay the associated withholding taxes. Includes 12,727 shares received pursuant to unvested restricted stock grants. Such shares vest to the extent of 6,520 shares on March 3, 2027, 3,333 shares on June 18, 2027 and 2,874 shares on March 3, 2028. The option vests and becomes exercisable on January 5, 2027.

Key Figures

Tax-withholding shares: 1,202 shares Withholding price: $15.89 per share Shares held after transaction: 41,917 shares +3 more

6 metrics

Tax-withholding shares 1,202 shares Common stock withheld to cover taxes at $15.89 per share

Withholding price $15.89 per share Price used for 1,202-share tax-withholding disposition

Shares held after transaction 41,917 shares Total direct common stock holdings after tax withholding

Unvested restricted stock 12,727 shares Restricted stock grants vesting in 2027–2028

Option exercise price $2.25 per share Stock option over 3,333 underlying common shares

Option underlying shares 3,333 shares Common stock subject to stock option expiring January 5, 2029

Key Terms

tax-withholding disposition, restricted stock grants, Stock Option, vests and becomes exercisable

4 terms

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

restricted stock grants financial

"Includes 12,727 shares received pursuant to unvested restricted stock grants."

Stock Option financial

"The option vests and becomes exercisable on January 5, 2027."

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

vests and becomes exercisable financial

"The option vests and becomes exercisable on January 5, 2027."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/23/2026 - 04:18 PM Accepted by SEC EDGAR 06/23/2026 - 04:18 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

Chen Minlei

(Last) (First) (Middle)

C/O KINGSTONE COMPANIES, INC.

120 WOOD ROAD

(Street)

KINGSTON NEW YORK 12401

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KINGSTONE COMPANIES, INC. [ KINS ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Actuary and Senior VP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

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

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

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

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
Common Stock	06/18/2026		F(1)		1,202	D	$15.89	41,917(2)	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
Stock Option	$2.25							(3)	01/05/2029	Common Stock	3,333		3,333	D

Explanation of Responses:

1. Shares were withheld from vested stock grant to pay the associated withholding taxes.

2. Includes 12,727 shares received pursuant to unvested restricted stock grants. Such shares vest to the extent of 6,520 shares on March 3, 2027, 3,333 shares on June 18, 2027 and 2,874 shares on March 3, 2028.

3. The option vests and becomes exercisable on January 5, 2027.

	/s/ Minlei Chen	06/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Minlei Chen report in the latest Form 4 for KINS?

Minlei Chen reported a tax-withholding disposition of 1,202 Kingstone common shares at $15.89 per share. The shares were withheld from a vested stock grant to pay withholding taxes, not sold on the open market, indicating a routine compensation-related event.

How many Kingstone (KINS) shares does Minlei Chen hold after this filing?

After the transaction, Minlei Chen directly holds 41,917 Kingstone common shares. This total includes 12,727 shares from unvested restricted stock grants that will vest in stages from March 3, 2027 through March 3, 2028, reflecting a meaningful ongoing equity stake.

Was the KINS Form 4 transaction a stock sale by Minlei Chen?

The Form 4 shows a tax-withholding disposition, not an open-market sale. Kingstone withheld 1,202 shares from a vested stock grant to satisfy payroll tax obligations, a common administrative mechanism that does not represent discretionary selling activity by the executive.

What unvested restricted stock does Minlei Chen hold in Kingstone (KINS)?

Chen’s holdings include 12,727 unvested restricted shares of Kingstone common stock. These are scheduled to vest as 6,520 shares on March 3, 2027, 3,333 shares on June 18, 2027, and 2,874 shares on March 3, 2028, subject to applicable award conditions.

What stock options does Minlei Chen have in Kingstone Companies (KINS)?

Chen holds a stock option covering 3,333 Kingstone common shares with a $2.25 exercise price. The option vests and becomes exercisable on January 5, 2027 and expires on January 5, 2029, providing future potential share acquisition if exercised.

Does the KINS Form 4 indicate major insider buying or selling activity?

The Form 4 indicates routine tax withholding on a vested stock grant, not major buying or selling. Only 1,202 shares were withheld for taxes, while Chen continues to hold 41,917 shares plus unvested restricted stock and an outstanding stock option.