Brafman Lester Raymond 4
4 · Cohen & Co Inc. · Filed Feb 5, 2025
Insider Transaction Report
Form 4
Cohen & Co Inc.COHN
Brafman Lester Raymond
Chief Executive Officer
Transactions
- Exercise/Conversion
Cohen & Company, LLC Membership Units
2025-02-05$0.99/sh−502,053$497,535→ 1,388,316 total→ Common Stock, par value $0.01 per share (50,205 underlying)
Footnotes (1)
- [F1]Mr. Brafman redeemed 502,053 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $497,534.63, or $0.991 per Unit, in order to fund certain tax liabilities incurred by Mr. Brafman in connection with the vesting, on January 31, 2025, of 610,996 Units and 40,000 restricted shares of the Company's common stock granted to Mr. Brafman 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. Brafman 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.