Griffin Highline Capital Amends Kingstone Companies Stake
Ticker: KINS · Form: SC 13D/A · Filed: Oct 21, 2024 · CIK: 33992
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: KINS
TL;DR
Griffin Highline Capital LLC updated their stake in KINGSTONE COMPANIES, INC. on 10/21/2024.
AI Summary
On October 21, 2024, Griffin Highline Capital LLC, through Michael Doak, filed an amendment to its Schedule 13D regarding Kingstone Companies, Inc. This filing indicates a change in beneficial ownership of the company's common stock. Griffin Highline Capital LLC is based in Dallas, Texas, and Kingstone Companies, Inc. is headquartered in Kingston, NY.
Why It Matters
This filing signals a potential shift in control or influence over Kingstone Companies, Inc. by Griffin Highline Capital LLC, which could impact the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to volatility and strategic changes for the subject company.
Key Players & Entities
- Griffin Highline Capital LLC (company) — Filing entity
- Michael Doak (person) — Beneficial owner representative
- KINGSTONE COMPANIES, INC. (company) — Subject company
- Sean M. Ewen, Esq. (person) — Legal counsel
FAQ
What is the primary purpose of this SC 13D/A filing?
This filing is an amendment to a Schedule 13D, indicating a change in the beneficial ownership of Kingstone Companies, Inc. by Griffin Highline Capital LLC.
Who is filing this amendment?
The amendment is filed by Griffin Highline Capital LLC, with Michael Doak listed as the representative.
What is the subject company?
The subject company is Kingstone Companies, Inc.
When was this amendment filed?
The filing was made on October 21, 2024.
Where are the principal business addresses of the filing entity and the subject company?
Griffin Highline Capital LLC's business address is 4514 Cole Avenue, Dallas, Texas 75205. Kingstone Companies, Inc.'s business address is 15 Joys Lane, Kingston, NY 12401.
Filing Stats: 1,063 words · 4 min read · ~4 pages · Grade level 5.8 · Accepted 2024-10-21 17:56:48
Key Financial Figures
- $0.01 — INC. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class o
Filing Documents
- d845385dsc13da.htm (SC 13D/A) — 55KB
- 0001193125-24-240527.txt ( ) — 57KB
Interests in Securities of the Issuer
Item 5. Interests in Securities of the Issuer.
is hereby amended and restated in its entirety with the following
Item 5 is hereby amended and restated in its entirety with the following: (a)-(b) As a result of the transactions described in clause (c) below, as of October 17, 2024, the Reporting Persons beneficially own 470,494 shares of Common Stock. (c) Except for the transactions set forth in the Schedule of Sales set forth below, as of October 17, 2024 there were no transactions in the Common Stock effected by the Reporting Persons during the past 60 days. (d) Not applicable. (e) As a result of the transactions described in clause (c) above, as of October 17, 2024, the Reporting Persons ceased to be the beneficial owner of more than five percent of the Common Stock. Schedule of Sales Date Shares Sold Price Per Share 10/17/2024 29,506.0 $ 10.0840 10/17/2024 3,132.0 $ 10.3900 10/16/2024 11,808.0 $ 9.8402 10/15/2024 8,783.0 $ 9.7663 10/14/2024 12,613.0 $ 9.6334 10/11/2024 11,030.0 $ 9.8554 09/24/2024 334.0 $ 9.5380 09/23/2024 3,244.0 $ 9.6126 09/20/2024 1,500.0 $ 9.5778 09/19/2024 400.0 $ 9.5225 09/17/2024 6,100.0 $ 9.8787 09/16/2024 900.0 $ 9.5100 09/13/2024 500.0 $ 9.5284 09/11/2024 100.0 $ 9.5000 09/05/2024 1,104.0 $ 9.5229 09/03/2024 1,550.0 $ 9.5187 08/28/2024 3,200.0 $ 9.5119 08/27/2024 1,600.0 $ 9.6115 08/26/2024 11,800.0 $ 9.7350 08/23/2024 100.0 $ 9.5000 08/22/2024 100.0 $ 9.8000 08/21/2024 15,340.0 $ 10.0555 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: October 21, 2024 GRIFFIN HIGHLINE CAPITAL LLC By: /s/ Michael Doak Name: Michael Doak Title: Manager MICHAEL DOAK By: /s/ Michael Doak Name: Michael Doak