# EDGAR Filing Document

**Accession Number:** 0000033992
**File Stem:** 0001213900-23-018008
**Filing Date:** 2023-3
**Character Count:** 12131
**Document Hash:** 13d6a614facba3094c2e5829b34d6da5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-018008.hdr.sgml**: 20230307

**ACCESSION NUMBER**: 0001213900-23-018008

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230307

**DATE AS OF CHANGE**: 20230307

**GROUP MEMBERS**: SCOTT FORTUNOFF

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KINGSTONE COMPANIES, INC.
- **CENTRAL INDEX KEY:** 0000033992
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **IRS NUMBER:** 362476480
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-12743
- **FILM NUMBER:** 23711548

**BUSINESS ADDRESS:**
- **STREET 1:** 15 JOYS LANE
- **CITY:** KINGSTON
- **STATE:** NY
- **ZIP:** 12401
- **BUSINESS PHONE:** 516 374-7600

**MAIL ADDRESS:**
- **STREET 1:** 15 JOYS LANE
- **CITY:** KINGSTON
- **STATE:** NY
- **ZIP:** 12401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DCAP GROUP INC
- **DATE OF NAME CHANGE:** 20050210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DCAP GROUP INC/
- **DATE OF NAME CHANGE:** 19990702

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXTECH CORP
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORTUNOFF GREGORY
- **CENTRAL INDEX KEY:** 0001212542

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**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<br>Gregory Fortunoff |
|  | I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

###.##.#### |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ☐<br> (b) ☐ |
| 3. | SEC USE ONLY<br>|
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION<br>United States |

---

---

| | | |
|:---|:---|:---|
|  <br>NUMBER <br> OF SHARES <br> BENEFICIALLY <br> OWNED <br> BY EACH <br> REPORTING <br> PERSON<br> WITH | 5. | SOLE VOTING POWER<br>616,605 |
|  <br>NUMBER <br> OF SHARES <br> BENEFICIALLY <br> OWNED <br> BY EACH <br> REPORTING <br> PERSON<br> WITH | 6. | SHARED VOTING POWER<br>166,350 |
|  <br>NUMBER <br> OF SHARES <br> BENEFICIALLY <br> OWNED <br> BY EACH <br> REPORTING <br> PERSON<br> WITH | 7. | SOLE DISPOSITIVE POWER<br>616,605 |
|  <br>NUMBER <br> OF SHARES <br> BENEFICIALLY <br> OWNED <br> BY EACH <br> REPORTING <br> PERSON<br> WITH | 8. | SHARED DISPOSITIVE POWER<br>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<br>Scott Fortunoff |
|  | I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

###.##.#### |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ☐<br> (b) ☐ |
| 3. | SEC USE ONLY<br>|
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION<br>United States |

---

---

| | | |
|:---|:---|:---|
|  <br>NUMBER <br> OF SHARES <br> BENEFICIALLY <br> OWNED <br> BY EACH <br> REPORTING <br> PERSON<br> WITH | 5. | SOLE VOTING POWER<br>244,500 |
|  <br>NUMBER <br> OF SHARES <br> BENEFICIALLY <br> OWNED <br> BY EACH <br> REPORTING <br> PERSON<br> WITH | 6. | SHARED VOTING POWER<br>166,350 |
|  <br>NUMBER <br> OF SHARES <br> BENEFICIALLY <br> OWNED <br> BY EACH <br> REPORTING <br> PERSON<br> WITH | 7. | SOLE DISPOSITIVE POWER<br>244,500 |
|  <br>NUMBER <br> OF SHARES <br> BENEFICIALLY <br> OWNED <br> BY EACH <br> REPORTING <br> PERSON<br> WITH | 8. | SHARED DISPOSITIVE POWER<br>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.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** **Name of Issuer** 

Kingstone Companies, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Address of Issuer's Principal Executive Offices** 

15 Joys Lane,

Kingston, New York 12401

**Item 2.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** **Name of Persons Filing** 

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Address of Principal Business Office or, if None, Residence** 

49 West 37<sup>th</sup> Street

New York, NY 10018

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** **Citizenship** 

United States

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** **Title of Class of Securities** 

Common Stock

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(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](ea174789ex99-1_kingstone.htm) |
| 99.2 | [Letter dated March 7, 2023, sent by a Reporting Person to the Shareholders of the Issuer](ea174789ex99-2_kingstone.htm) |

---

**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 |

---

## Exhibit 99.1

**EXHIBIT 99.1**

**JOINT FILING AGREEMENT**

Each of the undersigned agrees that (i) the statement on Schedule 13G relating to the Common Stock of Kingstone Companies, Inc. has been adopted and filed on behalf of each of them, (ii) all future amendments to such statement on Schedule 13G will, unless written notice to the contrary is delivered as described below, be jointly filed on behalf of each of them and (iii) the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934 shall apply to each of them. This agreement may be terminated with respect to the obligations to jointly file future amendments to such statement on Schedule 13G as to any of the undersigned upon such person giving written notice thereof to each of the other persons signatory hereto, at the principal office thereof.

DATED: March 7, 2023

---

| |
|:---|
| /s/ Gregory Fortunoff |
| Gregory Fortunoff |
| /s/ Scott Fortunoff |
| Scott Fortunoff |

---

## Exhibit 99.2

**EXHIBIT 99.2**

**KINS-Fortunoff Settlement 13G Letter**

March 7, 2023

Board of Directors

Kingstone Companies, Inc.

15 Joys Lane

Kingston, NY 12401

Attention: Barry B. Goldstein, CEO and Chairman of the Board

Re: Agreement as to Board Observer

Ladies, Gentlemen and Fellow Shareholders:

Today I am happy to report that I will be joining the Board of Kingstone Companies as an Observer. I was offered a full board membership, but after speaking with my advisors we agreed that the Observer designation would be the fastest way for me to engage as a board member and work with management.

Prior to making the decision to accept the Board offer from the company, I spent time with the key members of management and some Board members. It has become clear to me that many of the assumptions I made, which led to my harsh criticism of the Board and management, were off base. I regret making this a personal issue with Barry Goldstein, CEO and Chairman, instead of keeping it strictly to business. I expressed my regret to Barry in a face to face meeting, and we are now ready to work together to make Kingstone the best company it can be.

I now feel extremely confident that the Board and management are fully aligned with all of the independent shareholders in their quest to enhance the value of our company. Indeed, I can see now that Kingstone's leadership is taking all possible actions to make the business more efficient and return to profitability, particularly in the face of an ongoing challenging macro and industry environment.

I look forward to being an active participant in all Board discussions going forward. I will work with the Board and management to be a bit more transparent, when possible, to allow all shareholders to know what is happening with our company. I will continue to be an advocate for all shareholders of Kingstone with a focus on enhancing the value of our investment.

Sincerely,

---

| |
|:---|
| /s/ Gregory Fortunoff |
| Gregory Fortunoff |

---