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Kingsway doesn't have a steam key in that bundle so it cannot be given away.

My only guess is that it's only half of a game bundle so people would rather buy one of the game bundles to give away all the games. Plus it's very specific to pathfinder so if they don't like pathfinder, theres really nothing to do with the extra content in the bundle.

Well I've seen quite a few Guacamelee giveaways so people definitely bought the bundle. It just looks like no one made giveaways for Kingsway specifically

https://www.steamgifts.com/discussion/5ShuR/humble-bundle-humble-extra-life-bundle-2017

As you can see in the chart in this thread, Kingsway wasn't bundled before, while all other items in this bundle have been bundled multiple times. So in short: Whoever purchases T2 of the Humble Extra Life Bundle, does it only to get Kingsway to activate it on their own account, hence no giveaways......

Seems like only 1 giveaway was made for this game since the bundle came out. That's quite shocking, actually!
https://www.steamgifts.com/archive/search?q=kingsway