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

Role: Director
Signature: /s/ Sundeep Rana
Stock symbol: CFBK
Transactions as of: May 25, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/27/2023, 08:55 PM
Previous filing: Aug 23, 2021
Next filing: Jul 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CFBK	Common Stock 12520L 109	Award	$0	+2.51K		$0.00	2.51K	May 25, 2022	See Footnote	F1, F2
transaction	CFBK	Common Stock 12520L 109	Award	$0	+2.81K	+112.2%	$0.00	5.32K	Jan 25, 2023	See Footnote	F2, F3
holding	CFBK	Common Stock 12520L 109						53	May 25, 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.