Kingstone Companies, Inc. - Schedule 13D Filing
This Schedule 13D filing concerns the common stock of Kingstone Companies, Inc. The filing is made by Gregory Fortunoff and Scott Fortunoff, who collectively hold a significant portion of the company's stock. Gregory Fortunoff, along with entities he controls and options, beneficially owns 848,650 shares (5.9% of the class), while Scott Fortunoff beneficially owns 240,660 shares (1.7% of the class). The Reporting Persons acquired these shares for investment purposes through open market purchases using personal funds, amounting to approximately $10.45 million for Gregory Fortunoff and $1.89 million for Scott Fortunoff. They have engaged with the company's Board of Directors to discuss operational and strategic opportunities to enhance shareholder value, expressing concerns that the company is undervalued. They have formally requested the Board to initiate a strategic review, including a potential sale of the company, to maximize shareholder value. The Reporting Persons reserve the right to acquire or dispose of additional securities and may take further action as deemed necessary to protect shareholder interests. The filing also details various transactions in the company's securities and call options by both individuals over the past 60 days.