Lester Raymond Brafman - Dec 20, 2022 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
Dec 20, 2022
Transactions value $
$0
Form type
4
Date filed
12/20/2022, 09:52 AM
Previous filing
Feb 2, 2023
Next filing
Dec 21, 2023

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 Dec 20, 2022 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 +211K +9.54% $0.00 2.42M Dec 20, 2022 Common Stock, par value $0.01 per share 21.1K 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 211,000 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. The restrictions expire with respect to one-third of the Units on each of January 31, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the applicable restrictions on the Units, Mr. Brafman may cause the Operating LLC to redeem such Units at any time for, at the Company's option, (i) cash or (ii) one share of the Company's common stock for every ten Units.