Company: KNSL
Filing Date: 2025-03-28
Form Type: PRE 14A
Source: 0001669162-25-000016
Chunk: 54

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-03-28
Form: PRE 14A
Chunk 54
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, directors, independent contractors or consultants of the Company or any of its affiliates. However, no non-employee director under the Plan will be granted awards in any consecutive 12-month period in respect of shares having a fair market value of more than $750,000, with the fair market value of any Award as measured as of the applicable grant date.

As of March 27, 2025, the number of eligible employees was approximately 187 and the number of eligible directors was nine. Although the Plan allows for awards to be made to independent contractors and consultants, the Company does not currently intend to grant to these groups.

#### Shares Reserved for Issuance Under the Plan
Subject to the provisions of the Plan related to Changes in Capitalization, the number of shares of Company common stock that are reserved and available for issuance pursuant to awards granted under the Plan will be equal to 860,500 shares, plus any Shares subject to outstanding awards under the 2016 Plan as of the date that the stockholders of the Company approve the Plan that are forfeited or settled for cash. No more than 860,500 shares will be issued pursuant to the exercise of incentive stock options.

Shares issued under the Plan may, in whole or in part, be authorized but unissued shares or shares that will have been or may be reacquired by the Company in the open market, in private transactions or otherwise. If any shares subject to an award are forfeited, cancelled, exchanged or surrendered or if an award otherwise terminates or expires without a distribution of shares to the participant, the shares with respect to such award will, to the extent of any such forfeiture, cancellation, exchange, surrender, termination or expiration, again be available for awards under the Plan. Notwithstanding the foregoing, shares surrendered or withheld as payment of either the exercise price of an award (including shares

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otherwise underlying an award of a share appreciation right that are retained by the Company to account for the exercise price of such share appreciation right) and/or withholding taxes in respect of an award will no longer be available for grant under the Plan. In addition, (i) to the extent an award is denominated in shares of Company common stock, but paid or settled in cash, the number of shares of Company common stock with respect to which such payment or settlement is made will again be available for grants of awards pursuant to the Plan and (ii) shares of Company common stock underlying awards that can only be settled in cash will not be counted