Kingstone appoints Randy Patten as CFO; $400k salary, $200k sign-on bonus, $600k equity grant

KINGSTONE COMPANIES, INC.

Randy Patten appointed CFO effective August 25, 2025; 28 years insurance industry experience.
Annual base salary of $400,000; bonus target 25% of base salary with $35,000 minimum 2025 guarantee.
$200,000 sign-on bonus payable on start date; must repay if terminated for cause within one year.
$600,000 restricted stock grant (2024 Equity Participation Plan) vesting 25%/25%/50% over three years.
Employment agreement term through August 25, 2028, with automatic one-year renewals.

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