Form 4 for KWY KINGSWAY Corp
Accepted 2025-12-18 00:00:00 ET · period of report 2025-12-17 · accession 0001104659-25-122549 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-12-18 | 2025-12-17 | KWY | Horowitz Joshua | Dir | X - OptEx | $8.25 | +22.5K | 32.5K | +225% | +$185.6K |
| DI | 2025-12-18 | 2025-12-17 | KWY | Horowitz Joshua | Dir | X - OptEx | $8.25 | +252.5K | 367.5K | +220% | +$2.08M |
| DI | 2025-12-18 | 2025-12-17 | KWY | Horowitz Joshua | Dir | X - OptEx | $0.00 | -252.5K | 0 | -100% | $0 |
| D | 2025-12-18 | 2025-12-17 | KWY | Horowitz Joshua | Dir | X - OptEx | $0.00 | -22.5K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-12-17 | X | A | 22,500 | $8.25 | 32,500 | D by Palm Global Small Cap Master Fund LP | — | — | (F2) Palm Management (US) LLC, as the investment manager of Palm Global Small Cap Master Fund LP ("Palm Global"), may be deemed to be a beneficial owner of the securities disclosed as directly owned by Palm Global. Due to his positions as a portfolio manager and special limited partner of Palm Global and as an employee of Palm Management (US) LLC, Mr. Horowitz may be deemed to be a beneficial owner of the securities disclosed as directly owned by Palm Global. Palm Management (US) LLC and Mr. Horowitz expressly disclaim such beneficial ownership except to the extent of their pecuniary interest therein. |
| 2 | Common | Common Stock | 2025-12-17 | X | A | 252,500 | $8.25 | 367,500 | I | — | — | |
| 3 | Derivative | Stock Option (Right to Buy) | 2025-12-17 | X | D | 252,500 | $0.00 | 0 | I | $8.25 · — to 2025-12-29 | 252,500 Common Stock | (F3) On March 31, 2025, Mr. Horowitz and Palm Global entered into an option agreement with Stilwell Value LLC, (the "Option Agreement") to acquire 22,500 and 252,500 shares of Common Stock, respectively, at an exercise price of $8.25 per share, which Option Agreement was amended on December 17, 2025, to allow for the early exercise of the options. The options had an expiration of December 29, 2025 at 5:00 p.m. Eastern Time. |
| 4 | Derivative | Stock Option (Right to Buy) | 2025-12-17 | X | D | 22,500 | $0.00 | 0 | D by Palm Global Small Cap Master Fund LP | $8.25 · — to 2025-12-29 | 22,500 Common Stock | (F2) Palm Management (US) LLC, as the investment manager of Palm Global Small Cap Master Fund LP ("Palm Global"), may be deemed to be a beneficial owner of the securities disclosed as directly owned by Palm Global. Due to his positions as a portfolio manager and special limited partner of Palm Global and as an employee of Palm Management (US) LLC, Mr. Horowitz may be deemed to be a beneficial owner of the securities disclosed as directly owned by Palm Global. Palm Management (US) LLC and Mr. Horowitz expressly disclaim such beneficial ownership except to the extent of their pecuniary interest therein. (F3) On March 31, 2025, Mr. Horowitz and Palm Global entered into an option agreement with Stilwell Value LLC, (the "Option Agreement") to acquire 22,500 and 252,500 shares of Common Stock, respectively, at an exercise price of $8.25 per share, which Option Agreement was amended on December 17, 2025, to allow for the early exercise of the options. The options had an expiration of December 29, 2025 at 5:00 p.m. Eastern Time. |