Form 4: Kingstone Companies Director Carla D'Andre Reports Share Acquisition

Director Carla D'Andre of Kingstone Companies, Inc. reports acquiring 3,489 shares of common stock as director fees.

Summary

• Carla D'Andre, a director at Kingstone Companies, Inc., reported acquiring 3,489 shares of common stock on January 2, 2025.
• These shares were received as director fees and are valued at $0 at the time of acquisition.
• The shares vest on January 2, 2026, with the possibility of earlier vesting under certain conditions.
• Following the transaction, Ms. D'Andre beneficially owns a total of 92,326 shares directly and indirectly.
• This includes shares held through a limited liability company controlled by her, shares held in her IRA, and shares held by a limited liability company controlled by her spouse.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally positive as it shows alignment of interests. There are no negative implications.

Positives

• The acquisition of shares by a director can be seen as a positive sign of alignment with shareholder interests.
• The vesting schedule of the shares may incentivize the director to contribute to the long-term success of the company.

Industry Context

This is a standard SEC Form 4 filing, which is common for company insiders reporting changes in their beneficial ownership of company stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• The reporting of director share acquisitions is a standard practice across publicly traded companies.
• The vesting schedule of the shares is also a common practice to align director interests with long-term company performance.
• Similar filings can be seen from directors and officers of comparable companies such as HCI Group, Inc. and United Insurance Holdings Corp.

Stakeholder Impact

• The share acquisition by a director may be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Kingstone Companies, Director, Share Acquisition, Beneficial Ownership, Director Fees, Vesting, Common Stock, SEC Form 4