Kavanagh Terence Michael sold KFS
December 17, 2025 · Form 4 insider transaction
Kavanagh Terence Michael sold 500,000 shares of Kingsway Financial Services Inc at $8.25 per share, a transaction worth $4.13M. The trade was recorded as exercise of in-the-money option and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
On March 31, 2025, Oakmont Capital Inc. ("Oakmont") entered into an Option Agreement with David Capital Partners Special Situation Fund, LP ("DCPSS"), pursuant to which Oakmont granted DCPSS an option to purchase 500,000 shares of common stock, par value $0.01 per share (the "Common Stock"), of Kingsway Financial Services Inc. (the "Company") at an exercise price of $8.25 per share. The Option Agreement was set to expire at 5:00 p.m. Eastern Time on December 29, 2025, and was amended on December 17, 2025 so that the option became exercisable at any time prior to 5:00 p.m. Eastern Time on December 29, 2025.