Sundeep Rana - 25 May 2022 Form 4 Insider Report for CF BANKSHARES INC. (CFBK)

Role
Director
Signature
/s/ Sundeep Rana
Issuer symbol
CFBK
Transactions as of
25 May 2022
Net transactions value
$0
Form type
4
Filing time
27 Jan 2023, 20:55:48 UTC
Previous filing
23 Aug 2021
Next filing
01 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CFBK Common Stock 12520L 109 Award $0 +2,508 $0.000000 2,508 25 May 2022 See Footnote F1, F2
transaction CFBK Common Stock 12520L 109 Award $0 +2,814 +112% $0.000000 5,322 25 Jan 2023 See Footnote F2, F3
holding CFBK Common Stock 12520L 109 53 25 May 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock underlying restricted stock awards granted under the Central Federal Corporation 2019 Equity Incentive Plan, which were issued to Castle Creek Advisors IV LLC ("Advisors IV"), on behalf of Sundeep Rana in his capacity as a member of the Board of Directors of the issuer, and which are subject to vesting over a three-year period.
F2 These securities, which include unvested restricted stock awards previously granted to Advisors IV on behalf of Sundeep Rana in his capacity as a member of the Board of Directors of the issuer are held directly by Advisors IV. Excluded from the securities reflected in Table I are securities previously granted to Advisors IV on behalf of John Pietrzak, who previously served as a member of the Board of Directors of the issuer as a representative of Castle Creek Capital Partners VII, LP. The reporting person disclaims beneficial ownership of all of the securities held by Advisors IV, except to the extent of his respective pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F3 Represents shares of common stock underlying restricted stock awards granted under the Central Federal Corporation 2019 Equity Incentive Plan, which were issued to Advisors IV on behalf of Sundeep Rana in his capacity as a member of the Board of Directors of the issuer, and which are subject to vesting over a three-year period.