CF Bankshares (CFBK) director awarded 5,000 restricted stock shares in Form 4

Rhea-AI Filing Summary

CF Bankshares Inc. director Thomas P. Ash reported an equity award of common stock. He acquired 5,000 shares through a restricted stock grant at a price of $0.00 per share under the Central Federal Corporation 2019 Equity Incentive Plan. These shares are scheduled to vest over a three-year period, meaning they become fully his only as the vesting schedule is met. Following this grant, his direct holdings increased to 52,419 common shares, aligning his compensation more closely with the company’s long-term performance.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ASH THOMAS P

(Last) (First) (Middle)

4960 E. DUBLIN GRANVILLE RD

SUITE #400

(Street)

COLUMBUS OH 43081

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CF BANKSHARES INC. [ CFBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock 12520L 109(1)	02/23/2026		A		5,000	A	$0.00	52,419	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock underlying restricted stock awards granted under the Central Federal Corporation 2019 Equity Incentive Plan, which are subject to vesting over a three-year period.

	Timothy T. O'Dell for Thomas P. Ash	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did CF Bankshares (CFBK) director Thomas P. Ash report on this Form 4?

Thomas P. Ash reported receiving 5,000 shares of CF Bankshares common stock as a restricted stock award. The grant came with a $0.00 acquisition price and was issued under the company’s 2019 Equity Incentive Plan as part of his director compensation.

How many CF Bankshares (CFBK) shares does Thomas P. Ash hold after this grant?

After the restricted stock grant, Thomas P. Ash directly holds 52,419 shares of CF Bankshares common stock. This total reflects the new 5,000-share award, which is subject to vesting over three years, further tying his financial interests to the company’s long-term performance.

What type of transaction is reported for CFBK on this Form 4 filing?

The transaction is an acquisition of shares through an equity grant, coded as a grant, award, or other acquisition. It involves 5,000 shares of CF Bankshares common stock received as restricted stock, rather than an open-market purchase or sale, with no cash price paid per share.

Are the 5,000 CF Bankshares (CFBK) shares fully owned by Thomas P. Ash immediately?

The 5,000 shares are restricted stock that vest over a three-year period, so they are not fully earned immediately. Vesting means ownership rights become fully established gradually over time, typically conditioned on continued service with CF Bankshares as a director.

What plan governs the restricted stock award reported for CFBK director Thomas P. Ash?

The award is granted under the Central Federal Corporation 2019 Equity Incentive Plan. This plan allows CF Bankshares to issue equity-based compensation, such as restricted stock, to directors and other participants to align their interests with long-term shareholder value creation.

Did Thomas P. Ash buy or sell CF Bankshares (CFBK) shares for cash in this transaction?

No cash buy or sell occurred; the Form 4 shows an equity grant at $0.00 per share. Thomas P. Ash received 5,000 restricted shares as compensation, rather than purchasing them on the open market or disposing of existing holdings for cash proceeds.