Kingsway Financial Services: Declaration of Change of Beneficial Ownership (Form 4)

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Property Submission

FORM 4

Check this box if you are no longer subject to section 16, the obligations of Form 4 or Form 5 may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN THE EFFECTIVE BENEFICIARIES OF THE SHARES Filed under Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and address of reporting person *

Hansen Kent A

2. Name of issuer and stock symbol or trading symbol
KINGSWAY FINANCIAL SERVICES INC [KFS]

5. Relationship between the reporting person(s) and the issuer
(Check all that apply)

_____ Director

_____ 10% Owner

_____ Officer (indicate title below)

_____ Other (specify below)

Chief Financial Officer and Executive Vice President /

(Last)

(First)

(Environment)

150 PIERCE ROAD, Suite 600

3. Date of first transaction (month/day/year)

4. In case of modification, date of filing of the original (month/day/year)

6. Individual or joint/group filing (check applicable row)
_X_ Form filed by a reporting person
___ Form filed by more than one declarant

Table I – Non-derivative securities acquired, sold or beneficially owned

1. Title of guarantee

2. Transaction date (month/day/year)

2A. Deemed execution date, if applicable (month/day/year)

3. Transaction code

4. Securities acquired (A) or transferred (D)

5. Amount of securities beneficially owned as a result of the reported transaction(s)

6. Form of ownership: direct (D) or indirect (I)

7. Nature of Indirect Beneficial Ownership

Coded

V

Rising

(A) or (D)

Price

Table II – Beneficial ownership derivative securities (for exampleputs, calls, warrants, options, convertible securities)
(for exampleputs, calls, warrants, options, convertible securities)

1. Title of derivative title

2. Conversion or exercise price of the derivative security

3. Transaction date (month/day/year)

3A. Deemed execution date, if applicable (month/day/year)

4. Transaction code

5. Number of derivative securities acquired (A) or sold (D)

6. Exercise date and expiry date

7. Title and amount of the securities underlying the derivative securities

8. Price of derivative securities

9. Number of derivative securities beneficially owned as a result of reported transactions

10. Form of ownership of derivative securities: direct (D) or indirect (I)

11. Nature of Indirect Beneficial Ownership

Coded

V

(A)

(D)

Exercise date

Expiration date

Title

Amount or number of shares

Reporting owners

Name/address of declaring owner Relationships

Director

10% Owner

Officer

Other

Hansen Kent A
150 PIERCE ROAD
SUITE 600
ITASCA, IL60143

Chief Financial Officer and Executive Vice President

Signatures

/s/ Debra Rouse, attorney for Kent A. Hansen

2022-05-31

**Signature of declaring person

Date

Explanation of answers:

If the form is completed by several declarants, see

Section 5(b)(v).

(**) Intentional misrepresentation or omission of facts are federal criminal offenses. See

18 USC 1001 and 15 USC 78ff(a).

(1)

The Common Shares were acquired pursuant to Kingsway America Inc.’s Employee Stock Purchase Plan, as amended and restated effective May 29, 2014 (the “ESPP”). Pursuant to the ESPP, eligible employees may contribute up to 5% of adjusted salary for each regular pay period and, to the extent that such employee has been employed by Kingsway America Inc. and its subsidiaries for 12 months, the company will make a matching contribution equal to 100% of that employee’s contribution. Employee contributions and company contributions are used to purchase, as soon as administratively practicable after the date of such contributions, shares of Kingsway Financial Services Inc. The shares are acquired by the administrator of the ESPP on the open market through the services of a registered investment dealer.

(2)

Includes 20,000 restricted shares granted on February 26, 2021 and 32,754 restricted shares granted on December 3, 2021. Note: Submit three copies of this form, one of which must be manually signed. If space is insufficient, See

Instruction 6 for the procedure. Potential individuals who need to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

Disclaimer Kingsway Financial Services Inc. published this content on May 31, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, onMay 31, 2022 8:31:04 PM UTC

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Public now 2022

All the news from KINGSWAY FINANCIAL SERVICES INC.

Sales 2021
97.3 million
Net income 2021
-0.34M
Net debt 2021
283M
PER 2021 ratio
-137x 2021 performance
Capitalization
122 million
122 million
EV / Sales 2020
5.25x EV / Sales 2021
4.17x # of employees
239 Floating

67.8%

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Long term Tendencies Neutral Bullish

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