Lester Raymond Brafman - Oct 28, 2021 Form 4 Insider Report for Cohen & Co Inc. (COHN)

Role
Chief Executive Officer
Signature
/s/ Joseph W. Pooler, Jr., as attorney-in-fact
Stock symbol
COHN
Transactions as of
Oct 28, 2021
Transactions value $
$0
Form type
4
Date filed
10/29/2021, 04:55 PM
Next filing
Dec 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding COHN Common Stock, par value $0.01 per share 316K Oct 28, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction COHN Cohen & Company, LLC Membership Units Award $0 +2M $0.00 2M Oct 28, 2021 Common Stock, par value $0.01 per share 200K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Brafman was awarded 2,000,000 restricted membership units ("Units") in Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), under the Company's 2020 Long-Term Incentive Plan, as amended, one-fifth of which will vest and be delivered to Mr. Brafman on each of January 31, 2023, January 31, 2024, January 31, 2025, January 31, 2026 and January 31, 2027. Following the vesting of the applicable Units, the Company may cause the Operating LLC to redeem such Units at any time thereafter for, at the Company's option, (i) cash or (ii) one share of the Company's common stock for every ten Units.