Lester Raymond Brafman - Dec 20, 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: Dec 20, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/20/2021, 04:20 PM
Previous filing: Oct 29, 2021
Next filing: Feb 2, 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, 2021	Direct

Showing 1 to 1 of 1 entries

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	+10.55%	$0.00	2.21M	Dec 20, 2021	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 membership units ("Units") in Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Company Inc. (the "Company"), under the Company's 2020 Long-Term Incentive Plan, as amended. Ten of the 211,000 Units were unrestricted as of the date of the grant and the remaining 210,990 of the Units were restricted Units. The restrictions expire with respect to one-third of such Units on each of January 31, 2023, January 31, 2024 and January 31, 2025. Following the date of the grant with respect to the ten unrestricted Units and, following the expiration of the applicable restrictions on the remaining 210,990 Units granted to Mr. Brafman, he 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.

Content

Mr. Brafman was awarded 211,000 membership units ("Units") in Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Company Inc. (the "Company"), under the Company's 2020 Long-Term Incentive Plan, as amended. Ten of the 211,000 Units were unrestricted as of the date of the grant and the remaining 210,990 of the Units were restricted Units. The restrictions expire with respect to one-third of such Units on each of January 31, 2023, January 31, 2024 and January 31, 2025. Following the date of the grant with respect to the ten unrestricted Units and, following the expiration of the applicable restrictions on the remaining 210,990 Units granted to Mr. Brafman, he 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.