Sec Form 13G Filing - FORTUNOFF GREGORY filing for KINGSTONE COMPANIES INC. (KINS) - 2023-03-07

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

Amendment No. 1

 

Under the Securities Exchange Act of 1934  

 

Kingstone Companies, Inc.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

496719105

(CUSIP Number)

 

March 7, 2023

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

☐

Rule 13d-1(b)

 

☒

Rule 13d-1(c)

 

☐

Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.)

 

 

 

CUSIP No. 496719105

 

1.	NAMES OF REPORTING PERSONS   Gregory Fortunoff
	I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)   ###.##.####
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION   United States

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	5.	SOLE VOTING POWER   616,605
	6.	SHARED VOTING POWER   166,350
	7.	SOLE DISPOSITIVE POWER   616,605
	8.	SHARED DISPOSITIVE POWER   0

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   782,955
10.	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)    7.33%
12.	TYPE OF REPORTING PERSON   IN

 

 

CUSIP No. 496719105

 

1.	NAMES OF REPORTING PERSONS   Scott Fortunoff
	I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)   ###.##.####
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
3.	S EC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION   United States

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	5.	SOLE VOTING POWER   244,500
	6.	SHARED VOTING POWER   166,350
	7.	SOLE DISPOSITIVE POWER   244,500
	8.	SHARED DISPOSITIVE POWER   0

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   410,850
10.	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)    3.84%
12.	TYPE OF REPORTING PERSON   IN

 

 

Item 1.

 

(a)

Name of Issuer

 

Kingstone Companies, Inc.

 

(b)

Address of Issuer’s Principal Executive Offices

 

15 Joys Lane,

Kingston, New York 12401

 

Item 2.

 

(a)

Name of Persons Filing

 

This schedule is filed on behalf of Gregory Fortunoff and Scott Fortunoff

 

(b)

Address of Principal Business Office or, if None, Residence

 

49 West 37^th Street

New York, NY 10018

 

(c)

Citizenship

 

United States

 

(d)

Title of Class of Securities

 

Common Stock

 

(e)

CUSIP Number

 

496719105

 

Item 3.

If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

 

(a)	☐	Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
(b)	☐	Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)	☐	Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)	☐	Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e)	☐	An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E);
(f)	☐	An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F);
(g)	☐	A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G);
(h)	☐	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	☐	A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	☐	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J).

 

 

Item 4.

Ownership.

 

The information required by Items 4(a)-(c), as of the date hereof, is set forth in Rows 5-11 of the cover page hereto for the Reporting Persons and is incorporated herein by reference. Attached as an exhibit is a letter dated March 7, 2023, sent by a Reporting Person to the Shareholders of the Issuer.

 

Item 5.

Ownership of Five Percent or Less of Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☐

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

 

Not Applicable. 

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

 

Not Applicable.

 

Item 8.

Identification and Classification of Members of the Group.

 

Not Applicable.

 

Item 9.

Notice of Dissolution of Group.

 

Not Applicable.

 

Item 10.

Certification.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

EXHIBIT NO.		DESCRIPTION
99.1		Joint Filing Agreement by and among the Reporting Persons
99.2		Letter dated March 7, 2023, sent by a Reporting Person to the Shareholders of the Issuer

 

 

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.

 

Dated: March 7, 2023

 

	/s/ Gregory Fortunoff
	Gregory Fortunoff

 

	/s/ Scott Fortunoff
	Scott Fortunoff