Lester Raymond Brafman - Dec 20, 2024 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, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/20/2024, 04:12 PM
Previous filing: Feb 2, 2024
Next filing: Feb 5, 2025

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, 2024	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	+12.56%	$0.00	1.89M	Dec 20, 2024	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 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, 2026, January 31, 2027 and January 31, 2028. Following the expiration of the restrictions on the applicable Units, Mr. Brafman may cause the Operating LLC to redeem such Units at any time thereafter 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 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, 2026, January 31, 2027 and January 31, 2028. Following the expiration of the restrictions on the applicable Units, Mr. Brafman may cause the Operating LLC to redeem such Units at any time thereafter for, at the Company's option, (i) cash or (ii) one share of the Company's common stock for every ten Units.