Kingstone Companies adopts 2024 equity plan, authorizes 1M shares, subject to shareholder vote

KINGSTONE COMPANIES, INC.

Board adopted 2024 Equity Participation Plan on May 10, 2024; replaces 2014 plan expiring Aug 12, 2024.
Plan authorizes 1,000,000 shares of common stock for grants of options, SARs, and stock bonuses.
Adoption is effective immediately; shareholder approval required for the plan to become operative.
Plan is administered by the Board or Compensation Committee; eligible participants include employees, directors, consultants.
Options under the plan have a 10-year maximum term; exercise price at least fair market value on grant date.

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