Kingstone insider has 5,309 shares withheld for taxes
Rhea-AI Filing Summary
KINGSTONE COMPANIES, INC. (KINS) reported that its CFO, VP and Treasurer, Randy L. Patten, had 5,309 shares of common stock (code F) withheld on 2026-08-25 at $20.09 per share to pay withholding taxes on a vested stock grant. After this tax-withholding disposition, he holds 40,672 shares directly, including 34,551 unvested restricted shares that are scheduled to vest in tranches through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,309 shares
Net Sell
1 txn
Insider
Patten Randy L
Role
CFO, VP and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 5,309 | $20.09 | $107K |
Holdings After Transaction:
Common Stock — 40,672 shares (Direct)
Footnotes (2)
- F1. Shares were withheld from vested stock grant to pay the associated withholding taxes.
- F2. Includes 34,551 shares received pursuant to unvested restricted stock grants. The shares vest to the extent of 1,042 shares on March 3, 2027, 10,822 shares on August 25, 2027, 1,042 shares on March 3, 2028 and 21,645 shares on August 25, 2028.
Key Figures
Shares withheld for taxes: 5,309 shares of Common Stock
Reference price per share: $20.09 per share
Shares owned after transaction: 40,672 shares of Common Stock
+5 more
8 metrics
Shares withheld for taxes
5,309 shares of Common Stock
Withheld on 2026-08-25 to pay withholding taxes on vested stock grant
Reference price per share
$20.09 per share
Code F tax-withholding transaction on 2026-08-25
Shares owned after transaction
40,672 shares of Common Stock
Directly held by Randy L. Patten following the 2026-08-25 transaction
Unvested restricted stock grants
34,551 shares
Included in post-transaction holdings of Randy L. Patten
Vesting tranche March 3, 2027
1,042 shares
Restricted stock scheduled to vest on March 3, 2027
Vesting tranche August 25, 2027
10,822 shares
Restricted stock scheduled to vest on August 25, 2027
Vesting tranche March 3, 2028
1,042 shares
Restricted stock scheduled to vest on March 3, 2028
Vesting tranche August 25, 2028
21,645 shares
Restricted stock scheduled to vest on August 25, 2028
Key Terms
withheld from vested stock grant, withholding taxes, unvested restricted stock grants, vest, +1 more
5 terms
withheld from vested stock grant financial
"Shares were withheld from vested stock grant to pay the associated"
withholding taxes financial
"to pay the associated withholding taxes."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
unvested restricted stock grants financial
"Includes 34,551 shares received pursuant to unvested restricted stock grants."
vest financial
"The shares vest to the extent of 1,042 shares on March 3, 2027,"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
transaction code F financial
"transaction_code_description": "Payment of tax liability by delivering or withholding"
FAQ
What insider transaction did KINS report for Randy L. Patten?
KINS reported that Randy L. Patten had 5,309 common shares withheld on 2026-08-25 to pay withholding taxes on a vested stock grant, at a reference value of $20.09 per share.
Was the KINS Form 4 transaction an open-market sale?
No. The Form 4 shows a code F transaction, and the footnote states that the 5,309 shares were withheld from a vested stock grant to pay associated withholding taxes, not sold in the open market.
What does transaction code F mean in the KINS Form 4?
Transaction code F indicates payment of tax liability by delivering or withholding securities. The footnote clarifies that KINS withheld 5,309 shares from a vested grant to cover withholding taxes.
AI-generated analysis. How Rhea-AI works. Not financial advice.