Kingstone (KINS) chief actuary exercises 3,334 stock options

Rhea-AI Filing Summary

Kingstone Companies, Inc. Chief Actuary and Senior VP Minlei Chen exercised stock options to acquire 3,334 shares of common stock on January 26, 2025 at an exercise price of $2.25 per share. Following the transaction, Chen directly owns 11,739 common shares.

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

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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 NY 12401

(City) (State) (Zip)

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, Senior VP

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2025

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

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

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

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	01/26/2025		M		3,334	A	$2.25	11,739	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	01/26/2025		M			3,334	(1)	01/05/2029	Common Stock	10,000	$0	6,666	D

Explanation of Responses:

1. 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.

	/s/ Minlei Chen	03/13/2026
	** 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).
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FAQ

What insider transaction did Kingstone (KINS) executive Minlei Chen report?

Minlei Chen reported exercising stock options to acquire 3,334 shares of Kingstone common stock. The options were exercised on January 26, 2025, converting a derivative award into directly held shares as part of Chen’s equity-based compensation.

At what price did Minlei Chen exercise Kingstone (KINS) stock options?

Chen exercised stock options at an exercise price of $2.25 per share for 3,334 shares of Kingstone common stock. This reflects the pre-set strike price of the option grant rather than an open-market purchase price determined on the transaction date.

How many Kingstone (KINS) shares does Minlei Chen own after this Form 4?

After the option exercise, Chen directly owns 11,739 shares of Kingstone common stock. This figure represents Chen’s direct post-transaction holdings as reported in the Form 4 and helps investors gauge the executive’s ongoing equity stake in the company.

Was the Kingstone (KINS) transaction an open-market stock purchase?

No. The filing shows a code M transaction, meaning a stock option exercise, not an open-market purchase. Chen converted 3,334 optioned shares at a fixed $2.25 exercise price into common stock under an existing equity award agreement.

What does the vesting footnote in the Kingstone (KINS) Form 4 explain?

The footnote explains the option’s vesting schedule: 3,334 shares vest on January 5, 2025, and 3,333 shares vest on each of January 5, 2026 and January 5, 2027. The reported exercise uses the portion that vested in early 2025.