Form 4: Kingstone Companies Director Thomas Newgarden Acquires Shares as Director Fees

Thomas Newgarden, a director of Kingstone Companies, Inc., acquired 6,114 shares of common stock as director fees on June 14, 2024.

Summary

• On June 14, 2024, Thomas Newgarden, a director of Kingstone Companies, Inc., acquired 6,114 shares of common stock.
• The shares were received as director fees at a price of $0 per share.
• Following the transaction, Newgarden beneficially owns 9,614 shares of Kingstone Companies, Inc.
• 6,114 of these shares are unvested and will vest on January 2, 2025, subject to earlier vesting under certain circumstances.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director receiving shares as compensation. While insider ownership can be a positive signal, this is part of a compensation package.

Positives

• The acquisition of shares by a director could be seen as a positive sign, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the holdings of company directors.

Stakeholder Impact

• The transaction increases the director's stake in the company, aligning their interests with those of shareholders.

Key Dates