Director at CF Bankshares (NASDAQ: CFBK) receives 4,500 restricted shares

Rhea-AI Filing Summary

Royer David L reported acquisition or exercise transactions in this Form 4 filing.

CF Bankshares Inc. director David L. Royer reported an equity award of 4,500 shares of common stock. These shares are restricted stock granted under the Central Federal Corporation 2019 Equity Incentive Plan and will vest over a three-year period. After this grant, Royer directly owns 41,187 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Royer David L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock 12520L 109	4,500	$0.00	--

Holdings After Transaction: Common Stock 12520L 109 — 41,187 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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^*

Royer David L

(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		4,500	A	$0.00	41,187	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 David L. Royer	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did CFBK director David L. Royer report on this Form 4?

David L. Royer reported receiving an award of 4,500 shares of CF Bankshares common stock. The shares are issued as restricted stock under the company’s 2019 Equity Incentive Plan and represent an acquisition rather than an open-market purchase or sale.

How many CF Bankshares (CFBK) shares does David L. Royer own after this Form 4 transaction?

Following the reported grant, David L. Royer directly owns 41,187 shares of CF Bankshares common stock. This total includes the newly awarded 4,500 restricted shares, which are subject to a three-year vesting schedule under the company’s 2019 Equity Incentive Plan.

What type of equity award did CFBK grant to director David L. Royer?

CF Bankshares granted David L. Royer restricted shares of common stock, rather than stock options or cash. The award covers 4,500 common shares issued under the Central Federal Corporation 2019 Equity Incentive Plan, classified as a grant, award, or other acquisition transaction.

What is the vesting schedule for David L. Royer’s 4,500 CFBK restricted shares?

The 4,500 restricted shares granted to David L. Royer vest over a three-year period. This means he will gain full ownership rights gradually, according to the plan’s vesting terms, rather than immediately upon the grant date of the award.

Was there a purchase price for David L. Royer’s new CFBK restricted stock award?

The reported transaction price per share for David L. Royer’s 4,500 restricted shares is listed as 0.0000. This reflects that the award was granted as compensation under the company’s equity incentive plan, not purchased on the open market for cash.

Is David L. Royer’s ownership in CFBK after this grant classified as direct or indirect?

After the grant, David L. Royer’s 41,187 CF Bankshares shares are reported as directly owned. The filing classifies his ownership type as direct, with no indication that the shares are held through a trust, partnership, or other indirect entity.