COHEN DANIEL G 4

4 · Cohen & Co Inc. · Filed Feb 5, 2026

AI-generated summary of this filing

Updated Feb 5, 2026

Cohen & Co (COHN) 10% Owner Daniel G. Cohen Redeems Units for $905K

What Happened

Daniel G. Cohen, a 10% owner of Cohen & Co Inc. (COHN), redeemed (converted) 463,915 membership units of the company’s Operating LLC on 2026-02-03. The units were redeemed for cash at $1.951 per unit, for a total of $905,098.17. The redemption was used to fund tax liabilities arising from the vesting on Jan 31, 2026 of 1,011,001 restricted units granted under the company’s long-term incentive plan.

Key Details

Transaction date and price: 2026-02-03; 463,915 units redeemed at $1.951 per unit; total $905,098.17. (Reported on Form 4 filed 2026-02-05.)
Transaction type: Code M — exercise/conversion of a derivative (redemption of LLC membership units for cash).
Reason / footnote: Proceeds used to pay taxes from the vesting of 1,011,001 restricted units (see Footnote F1).
Redemption option: Under the Operating LLC agreement, units may be redeemed for cash or converted at the Company’s option into common shares at a ratio of 1 share per 10 units; Mr. Cohen received cash.
Shares owned after transaction: Not specified in the filing.
Timeliness: Filed promptly (reporting period 2026-02-03; Form 4 filed 2026-02-05).

Context

This was not an open-market sale of company stock but a conversion/redemption of LLC units to cover tax obligations tied to vested restricted units. Such redemptions for tax withholding are common and don’t necessarily signal a buy/sell opinion about the company’s shares.

Form 4

Period: 2026-02-03

DirectorExecutive Chairman10% Owner

Transactions

Exercise/Conversion
Cohen & Company, LLC Membership Units
[F1]
2026-02-03$1.95/sh−463,915$905,098→ 22,261,907 total
→ Common Stock, par value $0.01 per share (46,391 underlying)

Holdings

Footnotes (1)

[F1]Mr. Cohen redeemed 463,915 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $905,098.17, or $1.951 per Unit, in order to fund certain tax liabilities incurred by Mr. Cohen in connection with the vesting, on January 31, 2026, 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.

Signature

/s/ Joseph W. Pooler, Jr., as attorney-in-fact|2026-02-05

1 file