Daniel G. Cohen - Feb 1, 2022 Form 4 Insider Report for Cohen & Co Inc. (COHN)

Signature
/s/ Joseph W. Pooler, Jr., as attorney-in-fact
Stock symbol
COHN
Transactions as of
Feb 1, 2022
Transactions value $
-$420,896
Form type
4
Date filed
2/2/2023, 03:07 PM
Previous filing
Jan 11, 2022
Next filing
May 26, 2022

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 Options Exercise -$421K -479K -2.04% $0.88 23M Feb 1, 2023 Common Stock, par value $0.01 per share 47.9K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Cohen redeemed 479,380 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $420,896.04, or $0.878 per Unit, in order to fund certain tax liabilities incurred by Mr. Cohen in connection with the vesting, on January 31, 2023, of 967,830 restricted Units granted to Mr. Cohen under the Company's 2020 Long-Term Incentive Plan, as amended. In accordance with the Operating LLC's Amended and Restated Limited Liability Company Agreement, as amended, Mr. Cohen had the right to redeem the 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.