Lester R. Brafman - 21 Dec 2023 Form 4 Insider Report for Cohen & Co Inc. (COHN)

Role: Chief Executive Officer
Signature: /s/ Joseph W. Pooler, Jr., as attorney-in-fact
Issuer symbol: COHN
Transactions as of: 21 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 21 Dec 2023, 16:18:42 UTC
Previous filing: 20 Dec 2022
Next filing: 02 Feb 2024
SEC: View on sec.gov

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						315,702	21 Dec 2023	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	+211,000	+11%	$0.000000	2,162,670	21 Dec 2023	Common Stock, par value $0.01 per share	21,100		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, 2025, January 31, 2026 and January 31, 2027.