organization · Reporting owner

Stilwell Associates, L.P.

Disclosed activity across 2 companies

Tapewire entity: 23078
SEC CIK: 0000913960

Reported relationships

Latest disclosed role at each company.

Company	Last reported as	Report date	Published
KINGSWAY CorpKWY · Entity 5976	10% owner	August 13, 2026	August 17, 2026
Wheeler Real Estate Investment Trust, Inc.WHLR · Entity 8666	10% owner	September 30, 2026	October 03, 2026

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

KINGSWAY Corp

Report date August 13, 2026 · Filed August 17, 2026

Jointly reported with Stilwell Joseph, Stilwell Value LLC, Stilwell Activist Fund, L.P., Stilwell Activist Investments, L.P., Stilwell Value Partners VII, L.P.

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	IndirectSee footnote	267,018	Reported balance After 2026-08-13 transaction · row 2 Holding and transaction disclosures are not merged. 1 source row Row 2 · 2026-08-13 · Sale · Disposed 32,982 · Balance 267,018 F2: This Form 4 reports the following sales on August 13, 2026: Stilwell Associates, L.P. ("Associates") sold 32,982 shares at $10.00; Stilwell Activist Investments, L.P. ("SAI") sold 26,168 shares at $10.00; and Stilwell Value Partners VII, L.P. ("SVP VII") sold 40,850 shares at $10.00. F3: These are shares owned directly by Associates and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of Associates. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
Common StockSEC Table I · non-derivative	IndirectSee footnote	2,228,803	Reported balance After 2026-08-13 transaction · row 3 Holding and transaction disclosures are not merged. 1 source row Row 3 · 2026-08-13 · Sale · Disposed 26,168 · Balance 2,228,803 F2: This Form 4 reports the following sales on August 13, 2026: Stilwell Associates, L.P. ("Associates") sold 32,982 shares at $10.00; Stilwell Activist Investments, L.P. ("SAI") sold 26,168 shares at $10.00; and Stilwell Value Partners VII, L.P. ("SVP VII") sold 40,850 shares at $10.00. F4: These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
Common StockSEC Table I · non-derivative	IndirectSee footnote	330,718	Reported balance After 2026-08-13 transaction · row 4 Holding and transaction disclosures are not merged. 1 source row Row 4 · 2026-08-13 · Sale · Disposed 40,850 · Balance 330,718 F2: This Form 4 reports the following sales on August 13, 2026: Stilwell Associates, L.P. ("Associates") sold 32,982 shares at $10.00; Stilwell Activist Investments, L.P. ("SAI") sold 26,168 shares at $10.00; and Stilwell Value Partners VII, L.P. ("SVP VII") sold 40,850 shares at $10.00. F5: These are shares owned directly by SVP VII and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
Common StockSEC Table I · non-derivative	IndirectSee footnote	436,911	Reported balance Holding disclosure · report date 2026-08-13 · row 5 Holding and transaction disclosures are not merged. 1 source row Row 5 · Balance 436,911 F6: These are shares owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
Common StockSEC Table I · non-derivative	Direct	162,500	Reported balance Holding disclosure · report date 2026-08-13 · row 1 Holding and transaction disclosures are not merged. 1 source row Row 1 · Balance 162,500 F1: These are shares owned directly by Joseph Stilwell.
Class D Preferred StockSEC Table II · derivative / convertible security · Conversion / exercise price $9.50 · Expires 2032-05-07	IndirectSee footnote	20,000	Reported balance Holding disclosure · report date 2026-08-13 · row 6 Instrument identity requires review; Table II rows are not merged. 1 source row Row 6 · Balance 20,000 F7: The shares of Class D Preferred Stock of Kingsway Corporations (the "Company") have a stated value of $25 per share and are convertible at any time into shares of Common Stock, par value $0.01 per share, of the Company (the "Common Stock") at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class D Preferred Stock, subject to customary adjustments. All outstanding shares of Class D Preferred Stock shall be redeemed by the Company on May 7, 2032. F3: These are shares owned directly by Associates and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of Associates. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
Class C Preferred StockSEC Table II · derivative / convertible security · Conversion / exercise price $9.50 · Expires 2032-02-12	IndirectSee footnote	33,600	Reported balance Holding disclosure · report date 2026-08-13 · row 7 Instrument identity requires review; Table II rows are not merged. 1 source row Row 7 · Balance 33,600 F8: The shares of Class C Preferred Stock of the Company have a stated value of $25 per share and are convertible at any time into shares of Common Stock at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class C Preferred Stock, subject to customary adjustments. All outstanding shares of Class C Preferred Stock shall be redeemed by the Company on February 12, 2032. F4: These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
Class C Preferred StockSEC Table II · derivative / convertible security · Conversion / exercise price $9.50 · Expires 2032-02-12	IndirectSee footnote	6,400	Reported balance Holding disclosure · report date 2026-08-13 · row 8 Instrument identity requires review; Table II rows are not merged. 1 source row Row 8 · Balance 6,400 F8: The shares of Class C Preferred Stock of the Company have a stated value of $25 per share and are convertible at any time into shares of Common Stock at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class C Preferred Stock, subject to customary adjustments. All outstanding shares of Class C Preferred Stock shall be redeemed by the Company on February 12, 2032. F6: These are shares owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: These are shares owned directly by Joseph Stilwell.

F2: This Form 4 reports the following sales on August 13, 2026: Stilwell Associates, L.P. ("Associates") sold 32,982 shares at $10.00; Stilwell Activist Investments, L.P. ("SAI") sold 26,168 shares at $10.00; and Stilwell Value Partners VII, L.P. ("SVP VII") sold 40,850 shares at $10.00.

F3: These are shares owned directly by Associates and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of Associates. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.

F4: These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.

F5: These are shares owned directly by SVP VII and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.

F6: These are shares owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.

F7: The shares of Class D Preferred Stock of Kingsway Corporations (the "Company") have a stated value of $25 per share and are convertible at any time into shares of Common Stock, par value $0.01 per share, of the Company (the "Common Stock") at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class D Preferred Stock, subject to customary adjustments. All outstanding shares of Class D Preferred Stock shall be redeemed by the Company on May 7, 2032.

F8: The shares of Class C Preferred Stock of the Company have a stated value of $25 per share and are convertible at any time into shares of Common Stock at a conversion basis equal to 2.63158 shares of Common Stock for each share of Class C Preferred Stock, subject to customary adjustments. All outstanding shares of Class C Preferred Stock shall be redeemed by the Company on February 12, 2032.

Wheeler Real Estate Investment Trust, Inc.

Report date September 30, 2026 · Filed October 03, 2026

Jointly reported with Stilwell Joseph, Stilwell Value LLC, Stilwell Activist Investments, L.P., Stilwell Activist Fund, L.P., Stilwell Value Partners VII, L.P.

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	IndirectSee footnote	584,578	Reported balance After 2026-09-30 transaction · row 1 Holding and transaction disclosures are not merged. 1 source row Row 1 · 2026-09-30 · Grant · Acquired 142,015 · Balance 584,578 F5: On September 30, 2026, the Issuer agreed to issue to SAI 142,015 shares of the Issuer's common stock ("Common Stock") in exchange for 26,897 shares of the Issuer's Series B Preferred Stock ("Series B Preferred Stock") and 6,801 shares of the Issuer's Series D Cumulative Convertible Preferred Stock ("Series D Preferred Stock") held by SAI (the "Third SAI Exchange"). The Issuer did not receive any cash proceeds in the Third SAI Exchange. F1: These securities are owned directly by Stilwell Activist Investments, L.P. ("SAI") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
Common StockSEC Table I · non-derivative	IndirectSee footnote	584,573	Reported balance After 2026-09-30 transaction · row 2 Holding and transaction disclosures are not merged. 1 source row Row 2 · 2026-09-30 · Sale · Disposed 5 · Balance 584,573 F6: This Form 4 reports the sale by SAI on September 30, 2026 of 5 shares of Common Stock at $3.03 per share. F1: These securities are owned directly by Stilwell Activist Investments, L.P. ("SAI") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
Common StockSEC Table I · non-derivative	IndirectSee footnote	80,969	Reported balance After 2026-09-30 transaction · row 3 Holding and transaction disclosures are not merged. 1 source row Row 3 · 2026-09-30 · Grant · Acquired 19,685 · Balance 80,969 F7: On September 30, 2026, the Issuer agreed to issue to SAF 19,685 shares of Common Stock in exchange for 3,903 shares of Series B Preferred Stock and 899 shares of Series D Preferred Stock held by SAF (the "Third SAF Exchange"). The Issuer did not receive any cash proceeds in the Third SAF Exchange. F2: These securities are owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
Common StockSEC Table I · non-derivative	IndirectSee footnote	1	Reported balance Holding disclosure · report date 2026-09-30 · row 4 Holding and transaction disclosures are not merged. 1 source row Row 4 · Balance 1 F3: These securities are owned directly by Stilwell Value Partners VII, L.P. ("SVP VII") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
Common StockSEC Table I · non-derivative	IndirectSee footnote	62,829	Reported balance Holding disclosure · report date 2026-09-30 · row 5 Holding and transaction disclosures are not merged. 1 source row Row 5 · Balance 62,829 F4: These securities are owned directly by Stilwell Associates, L.P. ("SA") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SA. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
7.00% Subordinated Convertible Notes due 2031SEC Table II · derivative / convertible security · Conversion / exercise price $4.85 · Expires 2031-12-31	IndirectSee footnote	Not disclosed	Reported balance After 2026-09-30 transaction · row 6 Instrument identity requires review; Table II rows are not merged. 1 source row Row 6 · 2026-09-30 · Purchase · Acquired Not disclosed · Balance Not disclosed F8: The Issuer's 7.00% Subordinated Convertible Notes due 2031 (the "Notes") are convertible, in whole or in part, at any time, at the option of the holders thereof, into shares of Common Stock at a conversion price of $4.84648 per share (5.158382 common shares for each $25.00 of principal amount of the Notes being converted). F10: The price reported in Column 8 is an aggregate purchase price. These Notes were purchased at a price of $85.00 per $25.00 of aggregate principal amount. F9: Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of Series B Preferred Stock or in shares of Series D Preferred Stock, in each case as set forth in the Notes. F1: These securities are owned directly by Stilwell Activist Investments, L.P. ("SAI") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
7.00% Subordinated Convertible Notes due 2031SEC Table II · derivative / convertible security · Conversion / exercise price $4.85 · Expires 2031-12-31	IndirectSee footnote	Not disclosed	Reported balance After 2026-09-30 transaction · row 8 Instrument identity requires review; Table II rows are not merged. 1 source row Row 8 · 2026-09-30 · Sale · Disposed Not disclosed · Balance Not disclosed F8: The Issuer's 7.00% Subordinated Convertible Notes due 2031 (the "Notes") are convertible, in whole or in part, at any time, at the option of the holders thereof, into shares of Common Stock at a conversion price of $4.84648 per share (5.158382 common shares for each $25.00 of principal amount of the Notes being converted). F11: The price reported in Column 8 is an aggregate purchase price. These Notes were sold at a price of $85.00 per $25.00 of aggregate principal amount. F9: Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of Series B Preferred Stock or in shares of Series D Preferred Stock, in each case as set forth in the Notes. F3: These securities are owned directly by Stilwell Value Partners VII, L.P. ("SVP VII") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
7.00% Subordinated Convertible Notes due 2031SEC Table II · derivative / convertible security · Conversion / exercise price $4.85 · Expires 2031-12-31	IndirectSee footnote	Not disclosed	Reported balance After 2026-09-30 transaction · row 9 Instrument identity requires review; Table II rows are not merged. 1 source row Row 9 · 2026-09-30 · Purchase · Acquired Not disclosed · Balance Not disclosed F8: The Issuer's 7.00% Subordinated Convertible Notes due 2031 (the "Notes") are convertible, in whole or in part, at any time, at the option of the holders thereof, into shares of Common Stock at a conversion price of $4.84648 per share (5.158382 common shares for each $25.00 of principal amount of the Notes being converted). F12: The price reported in Column 8 is an aggregate purchase price. These Notes were purchased at a price of $85.00 per $25.00 of aggregate principal amount. F9: Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of Series B Preferred Stock or in shares of Series D Preferred Stock, in each case as set forth in the Notes. F4: These securities are owned directly by Stilwell Associates, L.P. ("SA") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SA. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
7.00% Subordinated Convertible Notes due 2031SEC Table II · derivative / convertible security · Conversion / exercise price $4.85 · Expires 2031-12-31	IndirectSee footnote	Not disclosed	Reported balance Holding disclosure · report date 2026-09-30 · row 7 Instrument identity requires review; Table II rows are not merged. 1 source row Row 7 · Balance Not disclosed F8: The Issuer's 7.00% Subordinated Convertible Notes due 2031 (the "Notes") are convertible, in whole or in part, at any time, at the option of the holders thereof, into shares of Common Stock at a conversion price of $4.84648 per share (5.158382 common shares for each $25.00 of principal amount of the Notes being converted). F9: Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of Series B Preferred Stock or in shares of Series D Preferred Stock, in each case as set forth in the Notes. F2: These securities are owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
Series D Cumulative Convertible Preferred StockSEC Table II · derivative / convertible security	IndirectSee footnote	121,302	Reported balance After 2026-09-30 transaction · row 10 Instrument identity requires review; Table II rows are not merged. 1 source row Row 10 · 2026-09-30 · Disposition to issuer · Disposed 6,801 · Balance 121,302 F13: Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date. F14: The preferred stock disposition was pursuant to the Third SAI Exchange. F1: These securities are owned directly by Stilwell Activist Investments, L.P. ("SAI") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
Series D Cumulative Convertible Preferred StockSEC Table II · derivative / convertible security	IndirectSee footnote	17,688	Reported balance After 2026-09-30 transaction · row 11 Instrument identity requires review; Table II rows are not merged. 1 source row Row 11 · 2026-09-30 · Disposition to issuer · Disposed 899 · Balance 17,688 F13: Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date. F15: The preferred stock disposition was pursuant to the Third SAF Exchange. F2: These securities are owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
Series D Cumulative Convertible Preferred StockSEC Table II · derivative / convertible security	IndirectSee footnote	21,148	Reported balance Holding disclosure · report date 2026-09-30 · row 12 Instrument identity requires review; Table II rows are not merged. 1 source row Row 12 · Balance 21,148 F13: Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date. F3: These securities are owned directly by Stilwell Value Partners VII, L.P. ("SVP VII") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
Series B Preferred StockSEC Table II · derivative / convertible security	IndirectSee footnote	469,288	Reported balance After 2026-09-30 transaction · row 13 Instrument identity requires review; Table II rows are not merged. 1 source row Row 13 · 2026-09-30 · Disposition to issuer · Disposed 26,897 · Balance 469,288 F16: Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000000001 shares of Common Stock (a conversion price of $2,612,736,000,000 per share of Common Stock). Series B Preferred Stock has no expiration date. F17: The preferred stock disposition was pursuant to the Third SAI Exchange. F1: These securities are owned directly by Stilwell Activist Investments, L.P. ("SAI") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
Series B Preferred StockSEC Table II · derivative / convertible security	IndirectSee footnote	61,693	Reported balance After 2026-09-30 transaction · row 14 Instrument identity requires review; Table II rows are not merged. 1 source row Row 14 · 2026-09-30 · Disposition to issuer · Disposed 3,903 · Balance 61,693 F16: Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000000001 shares of Common Stock (a conversion price of $2,612,736,000,000 per share of Common Stock). Series B Preferred Stock has no expiration date. F18: The preferred stock disposition was pursuant to the Third SAF Exchange. F2: These securities are owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.
Series B Preferred StockSEC Table II · derivative / convertible security	IndirectSee footnote	90,565	Reported balance Holding disclosure · report date 2026-09-30 · row 15 Instrument identity requires review; Table II rows are not merged. 1 source row Row 15 · Balance 90,565 F16: Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000000001 shares of Common Stock (a conversion price of $2,612,736,000,000 per share of Common Stock). Series B Preferred Stock has no expiration date. F3: These securities are owned directly by Stilwell Value Partners VII, L.P. ("SVP VII") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: These securities are owned directly by Stilwell Activist Investments, L.P. ("SAI") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.

F2: These securities are owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.

F3: These securities are owned directly by Stilwell Value Partners VII, L.P. ("SVP VII") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.

F4: These securities are owned directly by Stilwell Associates, L.P. ("SA") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SA. Joseph Stilwell disclaims beneficial ownership of all securities reported as owned indirectly except to the extent of his pecuniary interest therein.

F5: On September 30, 2026, the Issuer agreed to issue to SAI 142,015 shares of the Issuer's common stock ("Common Stock") in exchange for 26,897 shares of the Issuer's Series B Preferred Stock ("Series B Preferred Stock") and 6,801 shares of the Issuer's Series D Cumulative Convertible Preferred Stock ("Series D Preferred Stock") held by SAI (the "Third SAI Exchange"). The Issuer did not receive any cash proceeds in the Third SAI Exchange.

F6: This Form 4 reports the sale by SAI on September 30, 2026 of 5 shares of Common Stock at $3.03 per share.

F7: On September 30, 2026, the Issuer agreed to issue to SAF 19,685 shares of Common Stock in exchange for 3,903 shares of Series B Preferred Stock and 899 shares of Series D Preferred Stock held by SAF (the "Third SAF Exchange"). The Issuer did not receive any cash proceeds in the Third SAF Exchange.

F8: The Issuer's 7.00% Subordinated Convertible Notes due 2031 (the "Notes") are convertible, in whole or in part, at any time, at the option of the holders thereof, into shares of Common Stock at a conversion price of $4.84648 per share (5.158382 common shares for each $25.00 of principal amount of the Notes being converted).

F9: Interest on the Notes may be payable, at the Issuer's election, in cash, in shares of Series B Preferred Stock or in shares of Series D Preferred Stock, in each case as set forth in the Notes.

F10: The price reported in Column 8 is an aggregate purchase price. These Notes were purchased at a price of $85.00 per $25.00 of aggregate principal amount.

F11: The price reported in Column 8 is an aggregate purchase price. These Notes were sold at a price of $85.00 per $25.00 of aggregate principal amount.

F12: The price reported in Column 8 is an aggregate purchase price. These Notes were purchased at a price of $85.00 per $25.00 of aggregate principal amount.

F13: Each share of Series D Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.00000000002 shares of Common Stock (a conversion price of $1,107,800,064,000 per share of Common Stock). Series D Preferred Stock has no expiration date.

F14: The preferred stock disposition was pursuant to the Third SAI Exchange.

F15: The preferred stock disposition was pursuant to the Third SAF Exchange.

F16: Each share of Series B Preferred Stock is convertible, in whole or in part, at any time, at the option of the holders thereof, into 0.000000000001 shares of Common Stock (a conversion price of $2,612,736,000,000 per share of Common Stock). Series B Preferred Stock has no expiration date.

F17: The preferred stock disposition was pursuant to the Third SAI Exchange.

F18: The preferred stock disposition was pursuant to the Third SAF Exchange.

Transaction history

JSON API

Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction date	Company	Activity / security	Shares / units	Reported price	Reported value	Details
September 25, 2018 Filed Sep 27, 2018 17:12 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	1,656	$2.95	$4,885.20	Disclosure SEC source: 0001144204-18-051135 · tv503667_form4.xml · nonDerivative · entry 3 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 402,240 F3 · shares: This Form 4 reports the following acquisitions: on September 25, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 1,656 shares at $2.95 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 12,144 shares at $2.95 USD per share. F4 · ownership.nature: These are shares owned directly by SAF and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 24, 2018 Filed Sep 25, 2018 17:47 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	16,632	$2.95	$48,986.23	Disclosure SEC source: 0001144204-18-050665 · tv503436_form4.xml · nonDerivative · entry 6 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 3,001,452 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 21, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 1,080 shares at $2.9721 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 7,920 shares at $2.9721 USD per share; and (b) on September 24, 2018, SAF acquired 2,268 shares at $2.9453 USD per share and SAI acquired 16,632 shares at $2.9453 USD per share. F5 · ownership.nature: These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 24, 2018 Filed Sep 25, 2018 17:47 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	2,268	$2.95	$6,679.94	Disclosure SEC source: 0001144204-18-050665 · tv503436_form4.xml · nonDerivative · entry 5 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 400,584 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 21, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 1,080 shares at $2.9721 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 7,920 shares at $2.9721 USD per share; and (b) on September 24, 2018, SAF acquired 2,268 shares at $2.9453 USD per share and SAI acquired 16,632 shares at $2.9453 USD per share. F4 · ownership.nature: These are shares owned directly by SAF and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 21, 2018 Filed Sep 25, 2018 17:47 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	7,920	$2.97	$23,539.03	Disclosure SEC source: 0001144204-18-050665 · tv503436_form4.xml · nonDerivative · entry 4 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 2,984,820 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 21, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 1,080 shares at $2.9721 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 7,920 shares at $2.9721 USD per share; and (b) on September 24, 2018, SAF acquired 2,268 shares at $2.9453 USD per share and SAI acquired 16,632 shares at $2.9453 USD per share. F5 · ownership.nature: These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 21, 2018 Filed Sep 25, 2018 17:47 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	1,080	$2.97	$3,209.87	Disclosure SEC source: 0001144204-18-050665 · tv503436_form4.xml · nonDerivative · entry 3 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 398,316 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 21, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 1,080 shares at $2.9721 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 7,920 shares at $2.9721 USD per share; and (b) on September 24, 2018, SAF acquired 2,268 shares at $2.9453 USD per share and SAI acquired 16,632 shares at $2.9453 USD per share. F4 · ownership.nature: These are shares owned directly by SAF and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 20, 2018 Filed Sep 21, 2018 17:34 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	3,908	$2.96	$11,574.71	Disclosure SEC source: 0001144204-18-050314 · tv503285_form4.xml · nonDerivative · entry 5 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 2,976,900 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 19, 2018, Stilwell Activist Investments, L.P. ("SAI") acquired 4,100 shares at $2.9487 USD per share; and (b) on September 20, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 1,092 shares at $2.9618 USD per share and SAI acquired 3,908 shares at $2.9618 USD per share. F5 · ownership.nature: These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 20, 2018 Filed Sep 21, 2018 17:34 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	1,092	$2.96	$3,234.29	Disclosure SEC source: 0001144204-18-050314 · tv503285_form4.xml · nonDerivative · entry 4 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 397,236 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 19, 2018, Stilwell Activist Investments, L.P. ("SAI") acquired 4,100 shares at $2.9487 USD per share; and (b) on September 20, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 1,092 shares at $2.9618 USD per share and SAI acquired 3,908 shares at $2.9618 USD per share. F4 · ownership.nature: These are shares owned directly by SAF and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 19, 2018 Filed Sep 21, 2018 17:34 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	4,100	$2.95	$12,089.67	Disclosure SEC source: 0001144204-18-050314 · tv503285_form4.xml · nonDerivative · entry 3 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 2,972,992 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 19, 2018, Stilwell Activist Investments, L.P. ("SAI") acquired 4,100 shares at $2.9487 USD per share; and (b) on September 20, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 1,092 shares at $2.9618 USD per share and SAI acquired 3,908 shares at $2.9618 USD per share. F5 · ownership.nature: These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 14, 2018 Filed Sep 17, 2018 19:49 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	22,000	$2.95	$64,900.00	Disclosure SEC source: 0001144204-18-049652 · tv502991_form4.xml · nonDerivative · entry 6 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 2,968,892 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 13, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 6,000 shares at $2.80 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 44,000 shares at $2.80 USD per share; and (b) on September 14, 2018, SAF acquired 3,000 shares at $2.95 USD per share and SAI acquired 22,000 shares at $2.95 USD per share. F5 · ownership.nature: These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 14, 2018 Filed Sep 17, 2018 19:49 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	3,000	$2.95	$8,850.00	Disclosure SEC source: 0001144204-18-049652 · tv502991_form4.xml · nonDerivative · entry 5 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 396,144 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 13, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 6,000 shares at $2.80 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 44,000 shares at $2.80 USD per share; and (b) on September 14, 2018, SAF acquired 3,000 shares at $2.95 USD per share and SAI acquired 22,000 shares at $2.95 USD per share. F4 · ownership.nature: These are shares owned directly by SAF and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 13, 2018 Filed Sep 17, 2018 19:49 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	44,000	$2.80	$123,200.00	Disclosure SEC source: 0001144204-18-049652 · tv502991_form4.xml · nonDerivative · entry 4 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 2,946,892 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 13, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 6,000 shares at $2.80 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 44,000 shares at $2.80 USD per share; and (b) on September 14, 2018, SAF acquired 3,000 shares at $2.95 USD per share and SAI acquired 22,000 shares at $2.95 USD per share. F5 · ownership.nature: These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 13, 2018 Filed Sep 17, 2018 19:49 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	6,000	$2.80	$16,800.00	Disclosure SEC source: 0001144204-18-049652 · tv502991_form4.xml · nonDerivative · entry 3 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 393,144 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 13, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 6,000 shares at $2.80 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 44,000 shares at $2.80 USD per share; and (b) on September 14, 2018, SAF acquired 3,000 shares at $2.95 USD per share and SAI acquired 22,000 shares at $2.95 USD per share. F4 · ownership.nature: These are shares owned directly by SAF and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 12, 2018 Filed Sep 13, 2018 21:18 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	69,169	$2.78	$192,407.41	Disclosure SEC source: 0001144204-18-049369 · tv502852_form4.xml · nonDerivative · entry 6 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 2,902,892 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 11, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 31,740 shares at $2.6998 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 232,760 shares at $2.6998 USD per share; and (b) on September 12, 2018, SAF acquired 9,432 shares at $2.7817 USD per share and SAI acquired 69,169 shares at $2.7817 USD per share. F5 · ownership.nature: These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 12, 2018 Filed Sep 13, 2018 21:18 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	9,432	$2.78	$26,236.99	Disclosure SEC source: 0001144204-18-049369 · tv502852_form4.xml · nonDerivative · entry 5 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 387,144 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 11, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 31,740 shares at $2.6998 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 232,760 shares at $2.6998 USD per share; and (b) on September 12, 2018, SAF acquired 9,432 shares at $2.7817 USD per share and SAI acquired 69,169 shares at $2.7817 USD per share. F4 · ownership.nature: These are shares owned directly by SAF and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 11, 2018 Filed Sep 13, 2018 21:18 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	232,760	$2.70	$628,405.45	Disclosure SEC source: 0001144204-18-049369 · tv502852_form4.xml · nonDerivative · entry 4 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 2,833,723 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 11, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 31,740 shares at $2.6998 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 232,760 shares at $2.6998 USD per share; and (b) on September 12, 2018, SAF acquired 9,432 shares at $2.7817 USD per share and SAI acquired 69,169 shares at $2.7817 USD per share. F5 · ownership.nature: These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 11, 2018 Filed Sep 13, 2018 21:18 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	31,740	$2.70	$85,691.65	Disclosure SEC source: 0001144204-18-049369 · tv502852_form4.xml · nonDerivative · entry 3 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 377,712 F3 · shares: This Form 4 reports the following acquisitions: (a) on September 11, 2018, Stilwell Activist Fund, L.P. ("SAF") acquired 31,740 shares at $2.6998 USD per share and Stilwell Activist Investments, L.P. ("SAI") acquired 232,760 shares at $2.6998 USD per share; and (b) on September 12, 2018, SAF acquired 9,432 shares at $2.7817 USD per share and SAI acquired 69,169 shares at $2.7817 USD per share. F4 · ownership.nature: These are shares owned directly by SAF and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 10, 2018 Filed Sep 12, 2018 22:24 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	39,854	$2.63	$104,820.01	Disclosure SEC source: 0001144204-18-049236 · tv502788_4.xml · nonDerivative · entry 4 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · Director · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · Director · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · Director · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 2,600,963 F4 · shares: This Form 4 reports an acquisition on September 10, 2018, by the following entities: (a) Stilwell Activist Fund, L.P. ("SAF") of 29,258 shares at $2.6301 USD per share, and (b) Stilwell Activist Investments, L.P. ("SAI") of 39,854 shares at $2.6301 USD per share. F6 · ownership.nature: These are shares owned directly by SAI and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document
September 10, 2018 Filed Sep 12, 2018 22:24 UTC	KINGSWAY Corp KFS · Entity 5976	PurchaseCommon Stock	29,258	$2.63	$76,951.47	Disclosure SEC source: 0001144204-18-049236 · tv502788_4.xml · nonDerivative · entry 3 STILWELL JOSEPH · CIK 0001113303 · Director · 10% owner Stilwell Value LLC · CIK 0001397076 · Director · 10% owner STILWELL ASSOCIATES L P · CIK 0000913960 · Director · 10% owner Stilwell Activist Fund, L.P. · CIK 0001564452 · Director · 10% owner Stilwell Activist Investments, L.P. · CIK 0001573720 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 345,972 F4 · shares: This Form 4 reports an acquisition on September 10, 2018, by the following entities: (a) Stilwell Activist Fund, L.P. ("SAF") of 29,258 shares at $2.6301 USD per share, and (b) Stilwell Activist Investments, L.P. ("SAI") of 39,854 shares at $2.6301 USD per share. F5 · ownership.nature: These are shares owned directly by SAF and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.