Cohen & Co Inc. — Director's Dealing 2021

Dec 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Cohen & Co Inc. (COHN)
CIK: 0001270436
Period of Report: 2021-12-20

Reporting Person: Brafman Lester Raymond (Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-20	Cohen & Company, LLC Membership Units	$	A	211000	Acquired		Common Stock, par value $0.01 per share (21100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	315702	Direct

Footnotes

F1: Mr. Brafman was awarded 211,000 membership units ("Units") in Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Company Inc. (the "Company"), under the Company's 2020 Long-Term Incentive Plan, as amended. Ten of the 211,000 Units were unrestricted as of the date of the grant and the remaining 210,990 of the Units were restricted Units. The restrictions expire with respect to one-third of such Units on each of January 31, 2023, January 31, 2024 and January 31, 2025. Following the date of the grant with respect to the ten unrestricted Units and, following the expiration of the applicable restrictions on the remaining 210,990 Units granted to Mr. Brafman, he may cause the Operating LLC to redeem such 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.