Director of CF Bankshares (CFBK) receives 3,500-share restricted stock grant

Rhea-AI Filing Summary

CF Bankshares Inc. director James H. Frauenberg II received an equity award of 3,500 shares of common stock. The Form 4 reports this as a grant or award acquisition with no cash paid per share, increasing his directly held stake to 117,930 common shares.

The awarded shares are restricted stock granted under the Central Federal Corporation 2019 Equity Incentive Plan and are subject to vesting over a three-year period, meaning they become fully owned gradually over time. The filing also notes an additional 77,427 shares held indirectly through Addison Holdings.

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
Estimated average burden
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^*

Frauenberg James H II

(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	117,930	D
Common Stock 12520L 109								77,427	I	Addison Holdings

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 James H Frauenberg, II	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 James H. Frauenberg II report?

James H. Frauenberg II reported receiving an award of 3,500 CFBK common shares. The Form 4 classifies this as a grant or award acquisition, not an open-market purchase, under the company’s 2019 Equity Incentive Plan with shares vesting over three years.

Was cash paid for the 3,500 CFBK shares granted to the director?

No cash was paid for the 3,500 CFBK shares; the reported price per share is 0.0000. This indicates a compensatory equity grant rather than a market purchase, awarded under the company’s 2019 Equity Incentive Plan with time-based vesting conditions.

How many CFBK shares does James H. Frauenberg II own directly after this Form 4?

After the reported grant, James H. Frauenberg II directly holds 117,930 CFBK common shares. This total includes the newly awarded 3,500 restricted shares, which will vest over a three-year period under the 2019 Equity Incentive Plan.

What are the vesting terms of the CFBK restricted stock granted to the director?

The 3,500 CFBK restricted shares vest over a three-year period. According to the footnote, they are granted under the Central Federal Corporation 2019 Equity Incentive Plan, meaning ownership rights are earned gradually rather than immediately on the grant date.

What indirect CFBK share holdings are reported for James H. Frauenberg II?

The Form 4 reports 77,427 CFBK common shares held indirectly through Addison Holdings. This entry is shown as an indirect holding, separate from his directly owned 117,930 shares, indicating ownership through a related entity rather than in his personal name.

Does this CFBK Form 4 show any insider sales of common stock?

The Form 4 does not report any sales of CFBK common stock. It shows a single acquisition via a 3,500-share restricted stock grant and lists an existing indirect holding of 77,427 shares through Addison Holdings without indicating a sale transaction.