KINS Form 4: Director Granted 1,536 Unvested Shares as Fees

Rhea-AI Filing Summary

Pranav Pasricha, a director of Kingstone Companies, Inc. (KINS), reported acquiring 1,536 shares of the company on 08/19/2025 as payment for director fees. The transaction was recorded at a price of $0, and the filing notes these are unvested shares that are scheduled to vest on January 2, 2026, subject to earlier vesting in certain circumstances. The Form 4 was signed by Mr. Pasricha on 08/21/2025. The shares are held in a direct ownership form.

Insights

Corporate Governance Expert

TL;DR: Routine equity compensation to align director incentives; small, scheduled vesting reduces immediate transferability.

This Form 4 documents a standard practice of compensating board members with restricted stock rather than cash. The 1,536 shares were issued as director fees at $0, indicating a grant rather than an open-market purchase. The noted vesting date of January 2, 2026 means the economic and voting consequences may be limited until vesting conditions are met, lowering immediate dilution or transfer risk. For stakeholders, this is a governance alignment signal but appears immaterial to capital structure given the small share count disclosed.

Securities Analyst

TL;DR: Non-cash director compensation reported; transaction appears routine and unlikely to be material for valuation.

The filing shows a non-derivative award of 1,536 common shares to a director as fees with a $0 reported price, consistent with equity grants. Because the shares are unvested until 01/02/2026, immediate impact on free float and voting is constrained. There is no indication of additional transactions, sales, or option exercises by the reporting person in this filing. On its face, this disclosure does not present a material change to the issuer's capital structure.

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

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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^*

Pasricha Pranav

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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	08/19/2025		A		1,536	A	$0(1)	1,536(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

Explanation of Responses:

1. Received as director fees.

2. Represents unvested shares received as director fees. Such shares vest on January 2, 2026, subject to earlier vesting under certain circumstances.

	/s/ Pranav Pasricha	08/21/2025
	** 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.

FAQ

What transaction did Pranav Pasricha report on Form 4 for KINS?

He reported receiving 1,536 shares of Kingstone Companies, Inc. on 08/19/2025 as director fees.

Were the shares purchased or granted and at what price?

The shares were granted as director fees and reported at a price of $0.

Are the reported shares vested immediately?

No. The filing states the shares are unvested and scheduled to vest on January 2, 2026, subject to earlier vesting in certain circumstances.

What ownership form was reported for these shares?

The shares are reported as direct ownership by the reporting person.

When was the Form 4 signed?

The Form 4 was signed by Pranav Pasricha on 08/21/2025.