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SCHEDULE 13D/A Filed 2026-05-20 Event 2026-05-18 SEC 0001104659-26-064061 →

David Capital Partners, LLC KINGSWAY Corp KFS

Stake: 10.30% Shares: 2,615,421.08 CUSIP: 496904202 Class: Common Stock, par value $0.01 per share

Item 4 — Purpose of Transaction

Mr. Patinkin was appointed as Chairman of the Board of Directors of the Company on March 11, 2026. On May 18, 2026, in connection with his appointment as Chairman, the Company granted to Mr. Patinkin a 10-year option to purchase up to 400,000 shares of Common Stock, which will vest in four equal annual installments beginning on the grant date, or May 18, 2026. The first and second installments have an exercise price of $20.00 per share, while the third and fourth installments have an exercise price of $30.00 per share. In addition, on May 18, 2026, certain employees of David Capital Partners, LLC who provide consulting services to the Company were granted 10-year options to purchase up to 200,000 shares of Common Stock in the aggregate, which have an exercise price of $25.00 per share and vested upon grant. The Reporting Persons acquired the securities reported in this Statement for investment purposes. The Reporting Persons and their affiliates may in the future acquire additional securities or dispose of some or all of the securities held by the Reporting Persons in open-market transactions or privately negotiated transactions, on such terms and at such times as the Reporting Persons may deem advisable. The Reporting Persons may engage in short selling or hedging or similar transactions with respect to the Common Stock, on such terms and at such times as the Reporting Persons may deem advisable, subject to applicable law. The Reporting Persons do not have any present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein, or as may be proposed by Mr. Patinkin in his capacity as a director of the Company or by the Board of Directors with his participation. The Reporting Persons intend to review their investment in the Company on a continuing basis. Depending on various factors including, without limitation, the Company's financial position, the price levels of the securities of the Company, conditions in the securities markets, and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Company as they deem appropriate and to the extent permitted by law, including, without limitation, engaging in communications with management and/or the Board of Directors of the Company and their advisors, engaging in discussions with stockholders of the Company and others about the Company and the Reporting Persons' investment, making proposals to the Company concerning changes to the capitalization, the ownership structure, the structure, composition, and skill sets of the Board of Directors and senior management or the operations of the Company, purchasing additional securities of the Company, selling some or all of such securities, entering into financial instruments or other agreements that increase or decrease the Reporting Persons' economic or beneficial exposure with respect to their investment in the Company, engaging in short selling of or any hedging or similar transaction with respect to the securities of the Company, including swaps and other derivative instruments, or changing their intention with respect to any and all matters referred to in Item 4.

Cross-References

Insider Activity (last 365d)
2 transactions
2 buys · 0 sales · 0 awards/exercises
Issuer Cluster
16 13D/G filings on this issuer
15 other filings besides this one
Filer Track Record
1 filings by this filer
0 other filings in the data moat
Short Interest · settle 2026-04-30
DTC 17.92
1,234,941 shares short · +0.9% vs prior

Form 4 Insider Transactions · last 365d

DateInsiderRoleTypeSharesPriceValue
2026-05-18 Patinkin Adam Jonathan director Award 200,000 $20.00 $4.00M
2026-03-17 Hansen Kent A officer Award 14,568 $11.02 $161K

Other 13D/G Filings on KINGSWAY Corp

FiledFormFilerStakeShares
2025-05-14 SCHEDULE Frischer Charles L 6.80% 1,863,324 view →
2025-04-02 SCHEDULE STILWELL JOSEPH 21.60% 5,968,290 view →
2025-02-14 SCHEDULE STILWELL JOSEPH 25.20% 6,968,290 view →
2023-03-14 SC STILWELL JOSEPH view →
2022-07-18 SC STILWELL JOSEPH view →
2021-11-29 SC STILWELL JOSEPH view →
2021-06-15 SC STILWELL JOSEPH view →
2020-09-21 SC STILWELL JOSEPH view →
2020-09-09 SC STILWELL JOSEPH view →
2020-08-03 SC Frischer Charles L view →
2020-07-17 SC STILWELL JOSEPH view →
2020-05-15 SC Frischer Charles L view →
2019-03-25 SC Hannon Gregory Paul view →
2019-01-03 SC STILWELL JOSEPH view →
2018-07-19 SC STILWELL JOSEPH view →

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