Chen Minlei

Chief Actuary Chen Minlei buys 1,000 KINS shares at $11.12; 3 other insiders also bought within 14 days

Chen Minlei, Chief Actuary and Senior VP, purchased 1,000 shares at $11.12 on 2024-11-15, increasing his holdings by 13.0% to 8,693 shares. This transaction is part of a cluster buy pattern: 3 other insiders also bought within the past 14 days. The stock has appreciated significantly since the purchase—currently trading at $13.29, +35.8% over the past 30 days and +32.9% over 90 days, now at its 52-week high. The concurrent buying by multiple insiders amid strong recent price momentum and modest fundamentals (P/E of 10.38, though the company posted full-year losses) warrants investor attention to understand whether this coordinated activity reflects informed optimism about near-term catalysts or other strategic considerations.