SCHEDULE 13G: Fortunoff Family Discloses Significant Passive Stake in Kingstone Companies

Gregory Fortunoff and Scott Fortunoff have disclosed their beneficial ownership in Kingstone Companies, Inc., holding 4.4% and 1.6% of common stock respectively, as passive investors.

Summary

• Gregory Fortunoff reported beneficial ownership of 611,905 shares of Kingstone Companies, Inc. common stock, representing 4.4% of the class.
• Scott Fortunoff reported beneficial ownership of 231,000 shares of Kingstone Companies, Inc. common stock, representing 1.6% of the class.
• Gregory Fortunoff holds sole voting power over 535,905 shares and shared voting power over 76,000 shares.
• Gregory Fortunoff holds sole dispositive power over 535,905 shares and shared dispositive power over 76,000 shares.
• Scott Fortunoff holds sole voting power over 155,000 shares and shared voting power over 76,000 shares.
• Scott Fortunoff holds sole dispositive power over 155,000 shares and shared dispositive power over 76,000 shares.
• The percentages are calculated based on 14,005,797 shares of common stock outstanding as of May 13, 2025, as reported in Kingstone Companies' Form 10-Q filed on May 15, 2025.
• The filing is made under Rule 13d-1(c), indicating a passive investment purpose, not for changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: Neutral, factual disclosure of beneficial ownership as required by SEC regulations. The filing explicitly states the shares were not acquired for the purpose of changing or influencing control.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The filing provides transparency regarding significant individual ownership stakes, which can be relevant for understanding the shareholder base and potential influence, even if passive.

Key Dates

Keywords

Kingstone Companies, Beneficial Ownership, Schedule 13G, Common Stock, Gregory Fortunoff, Scott Fortunoff, Passive Investment, SEC Filing