Kingstone (KINS) Schedule 13G/A: Fortunoffs disclose 825,300 and 201,000 shares
Rhea-AI Filing Summary
Kingstone Companies, Inc. Schedule 13G/A shows that two individuals, Gregory Fortunoff and Scott Fortunoff, reported beneficial ownership in the companys common stock. Gregory holds 774,300 shares with sole voting and dispositive power and 51,000 shares with shared voting and dispositive power, for an aggregate of 825,300 shares representing 5.8% of the outstanding class. Scott holds 150,000 shares sole and 51,000 shares shared, totaling 201,000 shares or 1.4% of the class. The filing is dated to the event on September 2, 2025 and signed on September 12, 2025. The percentages are calculated using 14,140,604 shares outstanding as of August 11, 2025, per the issuers quarterly report.
Positive
- Clear disclosure of beneficial ownership amounts for both reporting persons with voting and dispositive power breakdowns
- Filing under Schedule 13G/A (passive) includes certification that the holdings are not intended to influence control
Negative
- None.
Insights
TL;DR: Two Fortunoffs disclosed passive stakes of 5.8% and 1.4%; no control intent stated.
The Schedule 13G/A indicates Gregory Fortunoff beneficially owns 825,300 shares (5.8%) and Scott Fortunoff beneficially owns 201,000 shares (1.4%), calculated on 14,140,604 shares outstanding as of August 11, 2025. The filing is made under the passive investor format, which signals these holdings are not intended to influence control. For investors this clarifies insider ownership levels, but it does not reflect changes in operating results or capital structure. The filing contains clear ownership counts, voting and dispositive power breakdowns.
TL;DR: Ownership disclosed transparently; filed as passive with certifications against control intent.
The document is a Schedule 13G/A that includes a certification asserting the securities were not acquired to change or influence control of the issuer. Gregory and Scott Fortunoff provided explicit allocations of sole and shared voting and dispositive power, and both signed the filing. From a governance perspective, the disclosure meets standard regulatory requirements and provides shareholders and the board with updated ownership information but does not indicate coordination or group control arrangements in the filing.