SCHEDULE 13G/A: Fortunoff Individuals Disclose Passive Stakes in Kingstone Companies, Inc.

Gregory and Scott Fortunoff have filed an amended Schedule 13G, reporting passive beneficial ownership stakes of 3.1% and 2.1% respectively in Kingstone Companies, Inc.

Summary

• Gregory Fortunoff beneficially owns an aggregate of 381,905 shares of Kingstone Companies, Inc. common stock, representing 3.1% of the class.
• Scott Fortunoff beneficially owns an aggregate of 260,000 shares of Kingstone Companies, Inc. common stock, representing 2.1% of the class.
• Both Gregory and Scott Fortunoff share voting and dispositive power over 75,500 shares.
• The reported percentages are calculated based on 12,312,296 shares of common stock outstanding as of September 30, 2024, as reported in the Issuer's Prospectus Supplement on Form 424B2 filed on January 7, 2025.
• The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing is a routine disclosure of passive ownership, indicating continued investor interest without suggesting any immediate negative implications or activist intent. The certification of passive intent is a positive for stability.

Positives

• The filing provides transparency regarding significant individual beneficial ownership in Kingstone Companies, Inc.
• The certification that the shares are not held for the purpose of changing or influencing control indicates a passive investment approach, which can signal stability.

Future Outlook

This Schedule 13G filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction, as its primary purpose is to disclose beneficial ownership.

Management Comments

• The filing includes a certification from both Gregory Fortunoff and Scott Fortunoff stating that the securities were not acquired and are not held for the purpose or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing is a standard disclosure of beneficial ownership and does not provide information directly related to broader industry trends or competitive landscape. It indicates individual investor interest in Kingstone Companies, Inc., a property and casualty insurance company.

Comparison to Industry Standards

• This document is a standard regulatory filing (Schedule 13G) for disclosing beneficial ownership. It does not contain financial or operational results that would allow for a comparison to industry-specific benchmarks or competitor performance. Its purpose is solely to report ownership stakes.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant individual holdings, potentially offering insight into investor confidence.
• Management: Confirms that the reported stakes are passive and not intended to influence control, which may reduce concerns about activist pressure.

Key Dates

Keywords

Kingstone Companies Inc., KINS, Schedule 13G, Beneficial Ownership, Gregory Fortunoff, Scott Fortunoff, Common Stock, Passive Investment