| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Common Stock, par value $0.01 per share |
| (b) | Name of Issuer:
CF BANKSHARES INC. |
| (c) | Address of Issuer's Principal Executive Offices:
4960 E. Dublin Granville Road, Suite #400, Columbus,
OHIO
, 43081. |
Item 1 Comment:
This Amendment No. 17 to Schedule 13D (this "Amendment No. 17") amends and supplements the Schedule 13D filed on December 24, 2019 (the "Original Schedule 13D", and as amended by Amendment No. 1 filed on March 31, 2020, Amendment No. 2 filed on June 1, 2020, Amendment No. 3 filed on November 26, 2024, Amendment No. 4 filed on December 3, 2024, Amendment No. 5 filed on December 12, 2024, Amendment No. 6 filed on May 14, 2025, Amendment No. 7 filed on May 22, 2025, Amendment No. 8 filed on July 3, 2025, Amendment No. 9 filed on July 10, 2025, Amendment No. 10 filed on July 23, 2025, Amendment No. 11 filed on August 15, 2025, Amendment No. 12 filed on August 26, 2025, Amendment No. 13 filed on August 29, 2025, Amendment No. 14 filed on September 8, 2025, Amendment No. 15 filed on September 10, 2025 and Amendment No. 16 filed on September 23, 2025, the "Schedule 13D") with the U.S. Securities and Exchange Commission (the "SEC"), relating to the shares of common stock, par value $0.01 per share ("Voting Common Stock"), of CF Bankshares Inc. (formerly known as Central Federal Corporation) (the "Issuer" or the "Company"). Unless specifically amended hereby, the disclosures set forth in the Schedule 13D remain unchanged. Capitalized terms used in this Amendment No. 17 that are not otherwise defined herein have the meanings attributed to them in the Original Schedule 13D. |
| Item 3. | Source and Amount of Funds or Other Consideration |
| | Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following:
Between September 23, 2025 and October 6, 2025 (inclusive), Castle Creek Capital Partners VII, LP ("Fund VII") sold an aggregate of 70,621 shares of Voting Common Stock for proceeds of $1,714,153.61, which represents an amount net of commissions and fees, in various open-market transactions. Following such transactions, Fund VII owns 537,600 shares of Voting Common Stock. |
| Item 5. | Interest in Securities of the Issuer |
| (a) | Item 5(a) and (b) of the Schedule 13D is hereby amended and supplemented as follows:
Fund VII owns 537,600 shares of the Voting Common Stock, which represents approximately 8.4%* of the Voting Common Stock.
*This calculation is based on 6,370,807 shares of Voting Common Stock of the Company outstanding, which was calculated based on (i) 5,772,207 shares of Voting Common Stock outstanding as of August 4, 2025, as reported in the Company's Quarterly Report on Form 10-Q filed with the SEC on August 8, 2025, and (ii) increased by the 598,600 shares of Voting Common Stock issued to Fund VII upon conversion of an equal number of shares of Non-Voting Common Stock between August 29, 2025 and October 3, 2025, inclusive. |
| (b) | Fund VII has shared power to vote or direct the vote and shared power to dispose or direct the disposition of the 537,600 shares of Voting Common Stock described above with CCC VII. CCC VII disclaims beneficial ownership of the Voting Common Stock beneficially owned by Fund VII, except to the extent of its pecuniary interest therein. |
| (c) | Item 5(c) of the Schedule 13D is hereby amended and supplemented as follows:
Except as previously disclosed in the Schedule 13D, Fund VII has engaged in the following open market, broker-assisted transactions with respect to the Voting Common Stock during the last 60 days through the date of the event which requires filing of this Schedule 13D:
(i) 28,411 shares of Voting Common Stock sold on September 23, 2025 at a weighted average price of $24.53 per share (in multiple open market, broker-assisted transactions ranging from $24.50 to $24.98 per share, inclusive); (ii) 5,163 shares of Voting Common Stock sold on September 24, 2025 at a weighted average price of $24.35 per share (in multiple open market, broker-assisted transactions ranging from $24.30 to $24.63 per share, inclusive); (iii) 914 shares of Voting Common Stock sold on September 25, 2025 at a weighted average price of $24.30 per share (in multiple open market, broker-assisted transactions ranging from $24.30 to $24.32 per share, inclusive); (iv) 9,336 shares of Voting Common Stock sold on September 26, 2025 at a weighted average price of $24.31 per share (in multiple open market, broker-assisted transactions ranging from $24.30 to $24.365 per share, inclusive); (v) 5,256 shares of Voting Common Stock sold on September 29, 2025 at a weighted average price of $24.10 per share (in multiple open market, broker-assisted transactions ranging from $24.10 to $24.135 per share, inclusive); (vi) 9,743 shares of Voting Common Stock sold on September 30, 2025 at a weighted average price of $24.08 per share (in multiple open market, broker-assisted transactions ranging from $24.00 to $24.12 per share, inclusive); (vii) 200 shares of Voting Common Stock sold on October 1, 2025 at a price of $24.00 per share; (viii) 943 shares of Voting Common Stock sold on October 3, 2025 at a price of $24.00 per share; and (ix) 10,655 shares of Voting Common Stock sold on October 6, 2025 at a price of $24.00 per share. |
