Daniel G. Cohen - Feb 5, 2025 Form 4 Insider Report for Cohen & Co Inc. (COHN)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ Joseph W. Pooler, Jr., as attorney-in-fact
Stock symbol: COHN
Transactions as of: Feb 5, 2025
Transactions value $: -$456,533
Form type: 4
Date filed: 2/5/2025, 04:52 PM
Previous filing: Dec 20, 2024
Next filing: Jun 30, 2025
SEC: View on sec.gov

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	-$457K	-461K	-2.01%	$0.99	22.5M	Feb 5, 2025	Common Stock, par value $0.01 per share	46.1K		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 460,679 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $456,533.10, or $0.991 per Unit, in order to fund certain tax liabilities incurred by Mr. Cohen in connection with the vesting, on January 31, 2025, of 1,011,001 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.

Content

Mr. Cohen redeemed 460,679 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $456,533.10, or $0.991 per Unit, in order to fund certain tax liabilities incurred by Mr. Cohen in connection with the vesting, on January 31, 2025, of 1,011,001 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.