Kingsway CFO buys 159 shares at $9.82 via ESPP

KINGSWAY Corp (KWY) chief financial officer and executive vice president Kent A. Hansen purchased 159 shares of common stock on September 15, 2026 at $9.82 per share, through participation in Kingsway America Inc.’s Employee Share Purchase Plan.

Rhea-AI Filing Summary

KINGSWAY Corp (KWY) chief financial officer and executive vice president Kent A. Hansen purchased 159 shares of common stock on September 15, 2026 at $9.82 per share, through participation in Kingsway America Inc.’s Employee Share Purchase Plan. After this purchase, he directly holds 136,503 shares, including 6,909 restricted shares granted on December 4, 2024 and 14,568 restricted shares granted on March 17, 2026.

Insider Trade Summary

Net Buyer: 159 shares

Net Buy 1 txn

Insider Hansen Kent A

Role CFO & EVP

Bought 159 shs ($2K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1, F2	159	$9.82	$2K

Holdings After Transaction: Common Stock — 136,503 shares (Direct)

Footnotes (2)

1. F1. The shares of Common Stock were acquired pursuant to the Kingsway America Inc. Employee Share Purchase Plan, as amended and restated effective May 29, 2014 (the "ESPP"). Pursuant to the ESPP, eligible employees may contribute an amount up to 5% of adjusted salary for each regular payroll period and, to the extent such employee has been employed by Kingsway America Inc. and its subsidiaries for 12 months, the company will make a matching contribution equal to 100% of such employee's contribution. The employee contributions and company contributions are used to purchase, as soon as administratively practicable after the date of such contributions, shares of Kingsway Corporation The shares are acquired by the administrator of the ESPP on the open market through the services of a duly registered stockbroker.
2. F2. Includes 6,909 shares of restricted stock granted on December 4, 2024, and 14,568 shares of restricted stock granted on March 17, 2026.

Key Figures

Shares purchased: 159 shares Purchase price: $9.82 per share Holdings after transaction: 136,503 shares +4 more

7 metrics

Shares purchased 159 shares Common stock bought on September 15, 2026 under the ESPP

Purchase price $9.82 per share Price paid for 159 common shares on September 15, 2026

Holdings after transaction 136,503 shares Direct common stock owned by CFO after the reported purchase

ESPP contribution limit 5% of adjusted salary Maximum employee contribution per payroll period under the ESPP

Company match under ESPP 100% of employee contribution Match for employees with at least 12 months of employment

Restricted stock grant 2024 6,909 shares Restricted stock granted on December 4, 2024 included in holdings

Restricted stock grant 2026 14,568 shares Restricted stock granted on March 17, 2026 included in holdings

Key Terms

Employee Share Purchase Plan, restricted stock, matching contribution, adjusted salary

4 terms

Employee Share Purchase Plan financial

"shares of Common Stock were acquired pursuant to the Kingsway America Inc. Employee Share Purchase Plan"

A program that lets employees buy their employer’s stock, often through regular payroll deductions and sometimes at a discounted price or with matching contributions; think of it as a company-run savings plan that converts part of pay into ownership. It matters to investors because it can increase insider ownership and employee motivation, potentially affecting company performance, and can slightly change share supply when new stock is issued or sold.

restricted stock financial

"Includes 6,909 shares of restricted stock granted on December 4, 2024"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

matching contribution financial

"the company will make a matching contribution equal to 100% of such employee's contribution"

An employer’s matching contribution is when a company adds money to an employee’s retirement or savings account based on the employee’s own contributions, like a store offering to top up a customer’s purchase to reach a discount threshold. It matters to investors because matching increases a firm’s compensation costs and can improve staff retention and morale, which affect productivity, cash flow and long-term liabilities that influence a company’s financial outlook.

adjusted salary financial

"eligible employees may contribute an amount up to 5% of adjusted salary for each regular payroll period"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did KINGSWAY Corp (KWY) disclose for September 15, 2026?

KINGSWAY Corp reported that CFO and EVP Kent A. Hansen purchased 159 shares of common stock on September 15, 2026 at $9.82 per share through an Employee Share Purchase Plan.

How many KINGSWAY Corp (KWY) shares does the CFO own after this Form 4 transaction?

Following the September 15, 2026 purchase, CFO Kent A. Hansen directly holds 136,503 shares of KINGSWAY Corp common stock, including specified restricted stock grants.

At what price did the KINGSWAY Corp (KWY) CFO buy shares under the ESPP?

The KINGSWAY Corp CFO bought 159 shares of common stock at $9.82 per share on September 15, 2026, with the shares acquired through the Employee Share Purchase Plan and purchased on the open market by the plan administrator.

What is the structure of the KINGSWAY Corp (KWY) Employee Share Purchase Plan?

Under the ESPP, eligible employees may contribute up to 5% of adjusted salary each payroll period. After 12 months of employment, the company makes a 100% matching contribution, and combined contributions are used to buy shares on the open market.

What restricted stock holdings are included in the KINGSWAY Corp (KWY) CFO’s total shares?

The CFO’s 136,503-share direct holding includes 6,909 restricted shares granted on December 4, 2024 and 14,568 restricted shares granted on March 17, 2026.

Were the KINGSWAY Corp (KWY) shares acquired under a Rule 10b5-1 trading plan?

The filing indicates the transactions were not reported as being made under a Rule 10b5-1 trading plan, as the related checkbox is not marked as an affirmative plan transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 06:12 PM Accepted by SEC EDGAR 09/16/2026 - 06:12 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^*

Hansen Kent A

(Last) (First) (Middle)

10 S. RIVERSIDE PLAZA

SUITE 1520

(Street)

CHICAGO ILLINOIS 60606

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KINGSWAY Corp [ KWY ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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	09/15/2026		P		159(1)	A	$9.82	136,503(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. The shares of Common Stock were acquired pursuant to the Kingsway America Inc. Employee Share Purchase Plan, as amended and restated effective May 29, 2014 (the "ESPP"). Pursuant to the ESPP, eligible employees may contribute an amount up to 5% of adjusted salary for each regular payroll period and, to the extent such employee has been employed by Kingsway America Inc. and its subsidiaries for 12 months, the company will make a matching contribution equal to 100% of such employee's contribution. The employee contributions and company contributions are used to purchase, as soon as administratively practicable after the date of such contributions, shares of Kingsway Corporation The shares are acquired by the administrator of the ESPP on the open market through the services of a duly registered stockbroker.

2. Includes 6,909 shares of restricted stock granted on December 4, 2024, and 14,568 shares of restricted stock granted on March 17, 2026.

	/s/Debra S. Rouse, attorney-in-fact for Kent A. Hansen	09/16/2026
	** 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)