CF Bankshares (NASDAQ: CFBK) director receives 3,500 restricted stock awards

Rhea-AI Filing Summary

Cochran Edward W reported acquisition or exercise transactions in this Form 4 filing.

CF Bankshares Inc. director Edward W. Cochran reported an equity grant of 3,500 shares of common stock in the form of restricted stock awards. The awards, granted at a stated price of $0.00 per share, vest over a three-year period under the 2019 Equity Incentive Plan. Following this grant, Cochran directly holds 353,413 shares of CF Bankshares common stock.

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^*

Cochran Edward W

(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		3,500	A	$0.00	353,413	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 Edward W. Cochran	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 insider transaction did CFBK director Edward W. Cochran report?

Edward W. Cochran reported receiving a grant of 3,500 restricted shares of CF Bankshares common stock. These shares were awarded at a stated price of $0.00 per share and represent equity-based compensation rather than an open-market purchase.

Are the new CFBK shares granted to Edward W. Cochran immediately vested?

No, the 3,500 CF Bankshares shares granted to Edward W. Cochran are restricted stock awards that vest over three years. This vesting schedule ties the compensation to continued service and long-term alignment with shareholder interests.

How many CFBK shares does Edward W. Cochran own after this Form 4 transaction?

After the reported Form 4 transaction, Edward W. Cochran directly holds 353,413 shares of CF Bankshares common stock. This total includes the newly granted 3,500 restricted shares, which are subject to a three-year vesting period under the equity plan.

Was cash paid for the 3,500 CFBK shares granted to Edward W. Cochran?

No cash was paid for these shares; the reported transaction price is $0.00 per share. The 3,500 CF Bankshares shares are an equity compensation grant in the form of restricted stock awards, not a market purchase by the director.

Under which plan were Edward W. Cochran’s CFBK restricted shares granted?

The 3,500 restricted shares were granted under the Central Federal Corporation 2019 Equity Incentive Plan. This plan allows CF Bankshares to issue equity-based awards, such as restricted stock, that typically vest over time to encourage long-term commitment.

What does the three-year vesting period mean for CFBK’s restricted stock grant?

The three-year vesting period means Edward W. Cochran’s 3,500 restricted shares become fully owned over time rather than immediately. If service conditions are met each year, portions of the award vest, aligning compensation with longer-term company performance.