Hansen Kent A

Insider trading profile for Hansen Kent A at Kingsway Financial Services Inc (KFS/KWY) -- 161 transactions since 2020-08-28 through 2026-06-15. 65,598 shares sold vs 25,571 acquired -- net-sell ratio of 2.6:1, but recent activity shows a SHIFT to buying. Transaction breakdown: P-code (open-market purchase) transactions dominate the recent activity: 2026-06-15 (150 at $10.43), 2026-05-29 (156 at $10.03), 2026-04-30 (143 at $10.93), 2026-02-02 (114 at $13.69), 2026-01-15 (116 at $13.54), 2025-12-16 (122 at $12.82), 2025-11-28 (120 at $13.03), 2025-11-17 (123 at $12.70), 2025-10-30 (111 at $14.08), 2025-10-15 (98 at $15.92), 2025-09-30 (107 at $14.63), 2025-09-15 (109 at $14.36), 2025-08-29/18/29 (multiple 107-111 at $14-$14.50), 2025-07-30/15/01 (108-111 at $14), 2025-06-13 (114 at $13.77), 2025-05-30 (24 at $12.82), 2025-05-15 (31 at $10.12). A-code (acquisition/RSU): 2026-03-17 (14,568 shares at $11.02) -- large exercise. S-code (sell): 2025-12-29 (7,500 at $13.67). F-code (fee): 2025-12-30 (2,919 + 3,004 + 3,565 = 9,488 at $12.83). LKSD (LSC Communications): 9 tx historical, 3,289 sold. KEY SIGNAL: The P-code purchases show a consistent pattern of small (100-156 share) open-market BUYS at prices ranging $10.03-$15.92 -- this is a deliberate accumulation strategy. The insider has been buying KFS/KWY shares regularly through 2025-2026 at progressively lower prices ($15.92 in October 2025 → $10.03 in May 2026), showing continued conviction through a declining stock. The March 2026 A-code acquisition of 14,568 shares is notable as a large vested position being established. The F-code fee events ($12.83) represent tax-withholding at vesting. The 7,500-share S-code sell in December 2025 was partially offset by ongoing P-code buys. KFS/KWY (insurance/financial services, formerly Kingsway) trades in the $10-$15 range. Bullish read: this insider has shifted from net-seller to consistent net-buyer in the most recent 12-18 month window. The P-code pattern (regular 100-156 share buys across the entire $10-$16 range) is textbook discretionary accumulation. The 14.5K A-code in March 2026 represents a large RSU exercise being held. While the historical ratio is 2.6:1 sell-to-buy, the RECENT trajectory is clearly bullish -- this is an insider systematically building a position in a beaten-down small-cap financial name.