Douglas Levine - Mar 21, 2023 Form 4 Insider Report for KINGSWAY FINANCIAL SERVICES INC (KFS)

Role: Director
Signature: /s/ Debra Rouse, attorney-in-fact for Douglas Levine
Stock symbol: KFS
Transactions as of: Mar 21, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/23/2023, 04:41 PM
Next filing: Aug 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KFS	Common Stock	Conversion of derivative security	$0	+166K	+16.76%	$0.00	1.16M	Mar 21, 2023	Direct	F1
holding	KFS	Common Stock						90.2K	Mar 21, 2023	By family member
holding	KFS	Common Stock						189K	Mar 21, 2023	By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KFS	Class A convertible preferred share, series 1	Conversion of derivative security	$0	-26.6K	-100%	$0.00^*	0	Mar 21, 2023	Common Stock	166K	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Class A Preferred Stock ("Preferred Stock") was convertible at a rate of one (1) share of Preferred Stock for six and 25/100th shares of Common Stock: Oakmont Capital Inc. converted 13,143 shares of Preferred Stock into 82,144 shares of Common Stock (rounded down).