COHN

SEC source: 0001104659-23-009895 · tm235302-2_4seq1.xml · derivative · entry 1

COHEN DANIEL G · CIK 0001247745 · Director · Executive Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,996,975

Underlying: Common Stock, par value $0.01 per share · 47,938 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Mr. Cohen redeemed 479,380 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $420,896.04, or $0.878 per Unit, in order to fund certain tax liabilities incurred by Mr. Cohen in connection with the vesting, on January 31, 2023, of 967,830 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.

F1 · derivative.exercise_date: Mr. Cohen redeemed 479,380 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $420,896.04, or $0.878 per Unit, in order to fund certain tax liabilities incurred by Mr. Cohen in connection with the vesting, on January 31, 2023, of 967,830 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.

F1 · derivative.expiration_date: Mr. Cohen redeemed 479,380 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $420,896.04, or $0.878 per Unit, in order to fund certain tax liabilities incurred by Mr. Cohen in connection with the vesting, on January 31, 2023, of 967,830 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.

F1 · derivative.underlying_shares: Mr. Cohen redeemed 479,380 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $420,896.04, or $0.878 per Unit, in order to fund certain tax liabilities incurred by Mr. Cohen in connection with the vesting, on January 31, 2023, of 967,830 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.

SEC source: 0001104659-23-009890 · tm235302-1_4seq1.xml · derivative · entry 1

Brafman Lester Raymond · CIK 0001578554 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,951,670

Underlying: Common Stock, par value $0.01 per share · 47,033 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Mr. Brafman redeemed 470,330 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $412,949.74, or $0.878 per Unit, in order to fund certain tax liabilities incurred by Mr. Brafman in connection with the vesting, on January 31, 2023, of 470,330 restricted membership units of the Operating LLC and 49,750 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.

F1 · derivative.exercise_date: Mr. Brafman redeemed 470,330 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $412,949.74, or $0.878 per Unit, in order to fund certain tax liabilities incurred by Mr. Brafman in connection with the vesting, on January 31, 2023, of 470,330 restricted membership units of the Operating LLC and 49,750 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.

F1 · derivative.expiration_date: Mr. Brafman redeemed 470,330 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $412,949.74, or $0.878 per Unit, in order to fund certain tax liabilities incurred by Mr. Brafman in connection with the vesting, on January 31, 2023, of 470,330 restricted membership units of the Operating LLC and 49,750 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.

F1 · derivative.underlying_shares: Mr. Brafman redeemed 470,330 membership units (the "Units") of Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), for an aggregate of $412,949.74, or $0.878 per Unit, in order to fund certain tax liabilities incurred by Mr. Brafman in connection with the vesting, on January 31, 2023, of 470,330 restricted membership units of the Operating LLC and 49,750 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.

SEC source: 0001104659-23-010488 · tm235302-4_4seq1.xml · nonDerivative · entry 1

Listman Douglas · CIK 0001478645 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,666

F1 · shares: Represents shares of common stock of Cohen & Company Inc. (the "Company") withheld by the Company to fund certain tax liabilities incurred by the reporting person in connection with the vesting, on January 31, 2023, of 4,166 shares of restricted stock granted to the reporting person by the Company pursuant to the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-23-010479 · tm235302-3_4seq1.xml · nonDerivative · entry 1

Pooler Joseph W. Jr. · CIK 0001478247 · EVP, CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,637

F1 · shares: Represents shares of common stock of Cohen & Company Inc. (the "Company") withheld by the Company to fund certain tax liabilities incurred by the reporting person in connection with the vesting, on January 31, 2023, of 10,166 shares of restricted stock granted to the reporting person by the Company pursuant the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-22-128512 · tm2232831-7_4seq1.xml · nonDerivative · entry 1

DAWSON G STEVEN · CIK 0001020944 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,100

F1 · shares: Mr. Dawson (the "Reporting Person") was awarded 1,100 shares of common stock of Cohen & Company Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-22-128507 · tm2232831-2_4seq1.xml · nonDerivative · entry 1

Liberto Diana Louise · CIK 0001666535 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,438

F1 · shares: Ms. Liberto was awarded 1,100 shares of common stock of Cohen & Company Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-22-128508 · tm2232831-3_4seq1.xml · nonDerivative · entry 1

Listman Douglas · CIK 0001478645 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,500

F1 · shares: Mr. Listman was awarded 5,000 shares of common stock of Cohen & Company Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-22-128510 · tm2232831-5_4seq1.xml · nonDerivative · entry 1

Pooler Joseph W. Jr. · CIK 0001478247 · EVP, CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,016

F1 · shares: Mr. Pooler was awarded 15,500 shares of restricted common stock of Cohen & Company Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan, as amended. The restrictions expire with respect to one-third of the shares on each of January 31, 2024, January 31, 2025 and January 31, 2026.

SEC source: 0001104659-22-128518 · tm2232831-8_4seq1.xml · nonDerivative · entry 1

DiMaio Jack · CIK 0001400772 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,733

F1 · shares: Mr. DiMaio was awarded 1,100 shares of common stock of Cohen & Company Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-22-128511 · tm2232831-6_4seq1.xml · derivative · entry 2

Brafman Lester Raymond · CIK 0001578554 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,422,000

Underlying: Common Stock, par value $0.01 per share · 21,100 shares

Expires not disclosed

F1 · derivative.exercise_price: 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, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the applicable restrictions on the Units, Mr. Brafman 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.

F1 · derivative.exercise_date: 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, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the applicable restrictions on the Units, Mr. Brafman 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.

F1 · derivative.expiration_date: 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, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the applicable restrictions on the Units, Mr. Brafman 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.

F1 · derivative.underlying_shares: 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, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the applicable restrictions on the Units, Mr. Brafman 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.

SEC source: 0001104659-22-128509 · tm2232831-4_4seq1.xml · nonDerivative · entry 1

Haraburda Jack · CIK 0001378248 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,384

F1 · shares: Mr. Haraburda was awarded 1,100 shares of common stock of Cohen & Company Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-22-128505 · tm2232831-1_4seq1.xml · derivative · entry 4

COHEN DANIEL G · CIK 0001247745 · Director · Executive Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,476,355

Underlying: Common Stock, par value $0.01 per share · 21,100 shares

Expires not disclosed

F1 · derivative.exercise_price: Mr. Cohen 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, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the restrictions on the applicable Units, Mr. Cohen 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.

F1 · derivative.exercise_date: Mr. Cohen 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, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the restrictions on the applicable Units, Mr. Cohen 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.

F1 · derivative.expiration_date: Mr. Cohen 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, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the restrictions on the applicable Units, Mr. Cohen 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.

F1 · derivative.underlying_shares: Mr. Cohen 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, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the restrictions on the applicable Units, Mr. Cohen 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.

F2 · ownership.direct: 5,252,002 membership units in the Operating LLC are owned by Cohen Bros. Financial, LLC, a Delaware limited liability company of which Mr. Cohen is the sole member.

SEC source: 0001104659-22-122823 · tm2231500-1_4seq1.xml · nonDerivative · entry 1

DAWSON G STEVEN · CIK 0001020944 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Regents Gate Associates LLC

Disclosed balance after: 26,716

F1 · ownership.nature: The Reporting Person is the primary trustee and sole beneficiary of Corriente Private Trust and, through Corriente Private Trust, he has voting and investment control with respect to the securities held therein. Corriente Private Trust is one of the two members of Regents Gate Associates, LLC, the other member is the Reporting Person's spouse's trust. The Reporting Person disclaims any interest in the securities beyond his pecuniary interest.

SEC source: 0001104659-22-033229 · tm229192-1_4seq1.xml · nonDerivative · entry 1

Listman Douglas · CIK 0001478645 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,500

SEC source: 0001104659-22-010990 · tm225288-1_4seq1.xml · nonDerivative · entry 1

Listman Douglas · CIK 0001478645 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,879

F1 · shares: Represents shares of common stock of Cohen & Company Inc. (the "Company") withheld by the Company to fund certain tax liabilities incurred by the reporting person in connection with the vesting, on January 31, 2022, of 2,500 shares of restricted stock granted to the reporting person by the Company pursuant to the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-22-010991 · tm225288-2_4seq1.xml · nonDerivative · entry 1

Pooler Joseph W. Jr. · CIK 0001478247 · EVP, CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,516

F1 · shares: Represents shares of common stock of Cohen & Company Inc. (the "Company") withheld by the Company to fund certain tax liabilities incurred by the reporting person in connection with the vesting, on January 31, 2022, of 13,660 shares of restricted stock granted to the reporting person by the Company, 8,660 of which were granted pursuant to the Company's Second Amended and Restated 2010 Long-Term Incentive Plan, as amended, and 5,000 of which were granted pursuant the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-21-151799 · tm2135843-5_4seq1.xml · nonDerivative · entry 1

DAWSON G STEVEN · CIK 0001020944 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,000

F1 · shares: Mr. Dawson was awarded 1,000 shares of common stock of Cohen & Company Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-21-151801 · tm2135843-8_4seq1.xml · nonDerivative · entry 1

Liberto Diana Louise · CIK 0001666535 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,338

F1 · shares: Ms. Liberto was awarded 1,000 shares of common stock of Cohen & Company Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-21-151785 · tm2135843-3_4seq1.xml · nonDerivative · entry 1

Listman Douglas · CIK 0001478645 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,000

F1 · shares: Mr. Listman was awarded 5,000 restricted shares of common stock (the "Restricted Shares") of Cohen & Company Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan, as amended. The restrictions expire with respect to one-third of the Restricted Shares on each of January 31, 2023, January 31, 2024 and January 31, 2025.

SEC source: 0001104659-21-151792 · tm2135843-4_4seq1.xml · nonDerivative · entry 1

Pooler Joseph W. Jr. · CIK 0001478247 · EVP, CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,995

F1 · shares: Mr. Pooler was awarded 15,500 restricted shares of common stock (the "Restricted Shares") of Cohen & Company Inc. under the Company's 2020 Long-Term Incentive Plan, as amended. The restrictions expire with respect to one-third of the Restricted Shares on each of January 31, 2023, January 31, 2024 and January 31, 2025.

SEC source: 0001104659-21-151802 · tm2135843-6_4seq1.xml · nonDerivative · entry 1

DiMaio Jack · CIK 0001400772 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,633

F1 · shares: Mr. DiMaio was awarded 1,000 shares of common stock of Cohen & Company Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-21-151796 · tm2135843-7_4seq1.xml · nonDerivative · entry 1

Haraburda Jack · CIK 0001378248 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,274

F1 · shares: Mr. Haraburda was awarded 1,000 shares of common stock of Cohen & Company Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-21-151790 · tm2135843-2_4seq1.xml · derivative · entry 4

COHEN DANIEL G · CIK 0001247745 · Director · Chairman and CE Europe · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,265,355

Underlying: Common Stock, par value $0.01 per share · 21,100 shares

Expires not disclosed

F1 · derivative.exercise_price: Mr. Cohen 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, 2023, January 31, 2024 and January 31, 2025. Following the expiration of the restrictions on the applicable Units, Mr. Cohen 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.

F1 · derivative.exercise_date: Mr. Cohen 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, 2023, January 31, 2024 and January 31, 2025. Following the expiration of the restrictions on the applicable Units, Mr. Cohen 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.

F1 · derivative.expiration_date: Mr. Cohen 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, 2023, January 31, 2024 and January 31, 2025. Following the expiration of the restrictions on the applicable Units, Mr. Cohen 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.

F1 · derivative.underlying_shares: Mr. Cohen 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, 2023, January 31, 2024 and January 31, 2025. Following the expiration of the restrictions on the applicable Units, Mr. Cohen 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.

F2 · ownership.direct: 5,252,002 membership units in the Operating LLC are owned by Cohen Bros. Financial, LLC, a Delaware limited liability company of which Mr. Cohen is the sole member.

SEC source: 0001104659-21-151788 · tm2135843-1_4seq1.xml · derivative · entry 2

Brafman Lester Raymond · CIK 0001578554 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,211,000

Underlying: Common Stock, par value $0.01 per share · 21,100 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

F1 · derivative.underlying_shares: 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.

SEC source: 0001104659-21-131853 · tm2130982-2_4seq1.xml · derivative · entry 2

Brafman Lester Raymond · CIK 0001578554 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,000,000

Underlying: Common Stock, par value $0.01 per share · 200,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Mr. Brafman was awarded 2,000,000 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, one-fifth of which will vest and be delivered to Mr. Brafman on each of January 31, 2023, January 31, 2024, January 31, 2025, January 31, 2026 and January 31, 2027. Following the vesting of the applicable Units, the Company 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.

F1 · derivative.exercise_date: Mr. Brafman was awarded 2,000,000 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, one-fifth of which will vest and be delivered to Mr. Brafman on each of January 31, 2023, January 31, 2024, January 31, 2025, January 31, 2026 and January 31, 2027. Following the vesting of the applicable Units, the Company 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.

F1 · derivative.expiration_date: Mr. Brafman was awarded 2,000,000 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, one-fifth of which will vest and be delivered to Mr. Brafman on each of January 31, 2023, January 31, 2024, January 31, 2025, January 31, 2026 and January 31, 2027. Following the vesting of the applicable Units, the Company 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.

F1 · derivative.underlying_shares: Mr. Brafman was awarded 2,000,000 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, one-fifth of which will vest and be delivered to Mr. Brafman on each of January 31, 2023, January 31, 2024, January 31, 2025, January 31, 2026 and January 31, 2027. Following the vesting of the applicable Units, the Company 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.

SEC source: 0001104659-21-131856 · tm2130982-4_4seq1.xml · derivative · entry 4

COHEN DANIEL G · CIK 0001247745 · Director · Chairman and CE Europe · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,054,355

Underlying: Common Stock, par value $0.01 per share · 200,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Mr. Cohen was awarded 2,000,000 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, one-fifth of which will vest and be delivered to Mr. Cohen on each of January 31, 2023, January 31, 2024, January 31, 2025, January 31, 2026 and January 31, 2027. Following the vesting of the applicable Units, Mr. Cohen 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.

F1 · derivative.exercise_date: Mr. Cohen was awarded 2,000,000 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, one-fifth of which will vest and be delivered to Mr. Cohen on each of January 31, 2023, January 31, 2024, January 31, 2025, January 31, 2026 and January 31, 2027. Following the vesting of the applicable Units, Mr. Cohen 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.

F1 · derivative.expiration_date: Mr. Cohen was awarded 2,000,000 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, one-fifth of which will vest and be delivered to Mr. Cohen on each of January 31, 2023, January 31, 2024, January 31, 2025, January 31, 2026 and January 31, 2027. Following the vesting of the applicable Units, Mr. Cohen 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.

F1 · derivative.underlying_shares: Mr. Cohen was awarded 2,000,000 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, one-fifth of which will vest and be delivered to Mr. Cohen on each of January 31, 2023, January 31, 2024, January 31, 2025, January 31, 2026 and January 31, 2027. Following the vesting of the applicable Units, Mr. Cohen 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.

F2 · ownership.direct: 5,252,002 membership units in the Operating LLC are owned by Cohen Bros. Financial, LLC, a Delaware limited liability company of which Mr. Cohen is the sole member.

SEC source: 0001104659-21-131056 · tm2130982-3_4seq1.xml · nonDerivative · entry 1

COHEN DANIEL G · CIK 0001247745 · Director · Chairman and CE Europe · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,017

SEC source: 0001104659-21-071749 · tm2117460-1_4seq1.xml · nonDerivative · entry 3

Pooler Joseph W. Jr. · CIK 0001478247 · EVP, CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,495

F1 · kind: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.52 to $24.72, inclusive.

SEC source: 0001104659-21-071749 · tm2117460-1_4seq1.xml · nonDerivative · entry 2

Pooler Joseph W. Jr. · CIK 0001478247 · EVP, CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,743

F1 · kind: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.52 to $24.51, inclusive.

SEC source: 0001104659-21-070497 · tm2117283-1_4seq1.xml · nonDerivative · entry 2

Listman Douglas · CIK 0001478645 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,000

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.18 to $25.72, inclusive.

SEC source: 0001104659-21-070497 · tm2117283-1_4seq1.xml · nonDerivative · entry 1

Listman Douglas · CIK 0001478645 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,307

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.18 to $25.17, inclusive. The reporting person undertakes to provide to Cohen & Company Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.

SEC source: 0001104659-21-071749 · tm2117460-1_4seq1.xml · nonDerivative · entry 1

Pooler Joseph W. Jr. · CIK 0001478247 · EVP, CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,495

F1 · kind: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.56 to $26.35, inclusive. The reporting person undertakes to provide to Cohen & Company Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3) and (4) to this Form 4.

SEC source: 0001104659-21-037850 · tm2110103-1_4seq1.xml · nonDerivative · entry 1

COHEN DANIEL G · CIK 0001247745 · Director · Chairman and CE Europe · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,017

SEC source: 0001104659-21-012275 · tm215252-6_4seq1.xml · nonDerivative · entry 1

DAWSON G STEVEN · CIK 0001020944 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,000

F1 · shares: Mr. Dawson was awarded 1,000 shares of common stock of Cohen & Co Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan.

SEC source: 0001104659-21-012280 · tm215252-8_4seq1.xml · nonDerivative · entry 1

Liberto Diana Louise · CIK 0001666535 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,338

F1 · shares: Ms. Liberto was awarded 1,000 shares of common stock of Cohen & Co Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan.

SEC source: 0001104659-21-012272 · tm215252-5_4seq1.xml · nonDerivative · entry 1

Pooler Joseph W. Jr. · CIK 0001478247 · EVP, CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,495

F1 · shares: Mr. Pooler was awarded 10,000 restricted shares of common stock (the "Restricted Shares") of Cohen & Co Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan. The restrictions expire with respect to one-half of the Restricted Shares on each of January 31, 2022 and January 31, 2023.

SEC source: 0001104659-21-012276 · tm215252-9_4seq1.xml · nonDerivative · entry 1

DiMaio Jack · CIK 0001400772 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,633

F1 · shares: Mr. DiMaio was awarded 1,000 shares of common stock of Cohen & Co Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan.

SEC source: 0001104659-21-012278 · tm215252-7_4seq1.xml · nonDerivative · entry 1

Haraburda Jack · CIK 0001378248 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,274

F1 · shares: Mr. Haraburda was awarded 1,000 shares of common stock of Cohen & Co Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan.

SEC source: 0001104659-21-012268 · tm215252-4_4seq1.xml · derivative · entry 4

COHEN DANIEL G · CIK 0001247745 · Director · Chairman and CE Europe · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,054,355

Underlying: Common Stock, par value $0.01 per share · 19,500 shares

Expires not disclosed

F1 · derivative.exercise_price: Mr. Cohen was awarded 195,000 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. The restrictions expire with respect to one-half of the Units on each of each of January 31, 2022 and January 31, 2023. Following the expiration of the applicable restrictions on the Units, Mr. Cohen 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.

F1 · derivative.exercise_date: Mr. Cohen was awarded 195,000 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. The restrictions expire with respect to one-half of the Units on each of each of January 31, 2022 and January 31, 2023. Following the expiration of the applicable restrictions on the Units, Mr. Cohen 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.

F1 · derivative.expiration_date: Mr. Cohen was awarded 195,000 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. The restrictions expire with respect to one-half of the Units on each of each of January 31, 2022 and January 31, 2023. Following the expiration of the applicable restrictions on the Units, Mr. Cohen 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.

F1 · derivative.underlying_shares: Mr. Cohen was awarded 195,000 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. The restrictions expire with respect to one-half of the Units on each of each of January 31, 2022 and January 31, 2023. Following the expiration of the applicable restrictions on the Units, Mr. Cohen 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.

F2 · ownership.direct: 5,252,002 membership units in the Operating LLC are owned by Cohen Bros. Financial, LLC, a Delaware limited liability company of which Mr. Cohen is the sole member.

SEC source: 0001104659-21-012263 · tm215252-3_4seq1.xml · nonDerivative · entry 1

Brafman Lester Raymond · CIK 0001578554 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 315,702

F1 · shares: Mr. Brafman was awarded 19,500 restricted shares of common stock (the "Restricted Shares") of Cohen & Co Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan. The restrictions expire with respect to one-half of the Restricted Shares on each of January 31, 2022 and January 31, 2023.

SEC source: 0001104659-21-024490 · tm216997-1_4seq1.xml · nonDerivative · entry 1

Listman Douglas · CIK 0001478645 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,507

F1 · shares: Mr. Listman was awarded 5,000 restricted shares of common stock (the "Restricted Shares") of Cohen & Co Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan. The restrictions expire with respect to one-half of the Restricted Shares on each of January 31, 2022 and January 31, 2023.

SEC source: 0001104659-21-011557 · tm215252-2_4seq1.xml · nonDerivative · entry 1

Pooler Joseph W. Jr. · CIK 0001478247 · EVP, CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,495

F1 · shares: Represents shares of common stock of Cohen & Co Inc. (the "Company") withheld by the Company to fund certain tax liabilities incurred by the reporting person in connection with the vesting, on January 31, 2021, of 7,394 shares of restricted stock granted to the reporting person by the Company pursuant to the Company's Second Amended and Restated 2010 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-21-011553 · tm215252-1_4seq1.xml · nonDerivative · entry 1

Brafman Lester Raymond · CIK 0001578554 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 296,202

F1 · shares: Represents shares of common stock of Cohen & Co Inc. (the "Company") withheld by the Company to fund certain tax liabilities incurred by the reporting person in connection with the vesting, on January 31, 2021, of 24,263 shares of restricted stock granted to the reporting person by the Company pursuant to the Company's Second Amended and Restated 2010 Long-Term Incentive Plan, as amended.

SEC source: 0001104659-20-132539 · a4.xml · nonDerivative · entry 1

COHEN DANIEL G · CIK 0001247745 · Director · Chairman and CE Europe · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,017

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $16.435 to $16.81, inclusive. The reporting person undertakes to provide to Cohen & Company Inc., any security holder of Cohen & Company Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.

SEC source: 0001104659-20-126886 · a4.xml · nonDerivative · entry 1

COHEN DANIEL G · CIK 0001247745 · Director · Chairman and CE Europe · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,017

SEC source: 0001104659-20-117884 · a4.xml · derivative · entry 4

COHEN DANIEL G · CIK 0001247745 · Director · Chairman and CE Europe · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,859,355

Underlying: Common Stock, par value $0.01 per share · 200,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Mr. Cohen was awarded 2,000,000 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. The restrictions expire with respect to one-fifth of the Units on each of each of January 31, 2022, January 31, 2023, January 31, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the applicable restrictions on the Units, Mr. Cohen 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.

F1 · derivative.exercise_date: Mr. Cohen was awarded 2,000,000 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. The restrictions expire with respect to one-fifth of the Units on each of each of January 31, 2022, January 31, 2023, January 31, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the applicable restrictions on the Units, Mr. Cohen 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.

F1 · derivative.expiration_date: Mr. Cohen was awarded 2,000,000 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. The restrictions expire with respect to one-fifth of the Units on each of each of January 31, 2022, January 31, 2023, January 31, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the applicable restrictions on the Units, Mr. Cohen 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.

F1 · derivative.underlying_shares: Mr. Cohen was awarded 2,000,000 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. The restrictions expire with respect to one-fifth of the Units on each of each of January 31, 2022, January 31, 2023, January 31, 2024, January 31, 2025 and January 31, 2026. Following the expiration of the applicable restrictions on the Units, Mr. Cohen 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.

F2 · ownership.direct: 5,252,002 membership units in the Operating LLC are owned by Cohen Bros. Financial, LLC, a Delaware limited liability company of which Mr. Cohen is the sole member.

SEC source: 0001104659-20-117883 · a4.xml · nonDerivative · entry 1

Brafman Lester Raymond · CIK 0001578554 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 311,093

F1 · shares: Mr. Brafman was awarded 200,000 restricted shares of common stock (the "Restricted Shares") of Cohen & Co Inc. (the "Company") under the Company's 2020 Long-Term Incentive Plan. The restrictions expire with respect to one-fifth of the Restricted Shares on each of January 31, 2022, January 31, 2023, January 31, 2024, January 31, 2025 and January 31, 2026.

SEC source: 0001104659-20-096023 · a4.xml · nonDerivative · entry 1

COHEN DANIEL G · CIK 0001247745 · Director · Chairman and CE Europe · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Cohen Bros. Financial, LLC

Disclosed balance after: 78,740

SEC source: 0001104659-20-095977 · a4.xml · nonDerivative · entry 1

DAWSON G STEVEN · CIK 0001020944 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Corriente Private Trust

Disclosed balance after: 24,970

SEC source: 0001104659-20-095976 · a4.xml · nonDerivative · entry 1

Brafman Lester Raymond · CIK 0001578554 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 111,093