[SCHEDULE 13G] CF Bankshares Inc. SEC Filing

Rhea-AI Filing Summary

Fourthstone LLC and related reporting persons disclose beneficial ownership of 421,191 shares of CF Bankshares Inc. common stock, representing 8.07% of the class based on 5,219,630 shares outstanding per the issuer's May 12, 2025 filing. The ownership is reported across several Fourthstone entities: Fourthstone Master Opportunity Fund Ltd. (331,354 shares, 6.35%), Fourthstone GP LLC (89,837 shares, 1.72%), Fourthstone QP Opportunity Fund LP (87,590 shares, 1.68%), and Fourthstone Small-Cap Financials Fund LP (2,247 shares, 0.04%).

The Schedule 13G states the shares were acquired in the ordinary course of business and are held passively, not for the purpose of changing or influencing control. L. Phillip Stone, IV is identified as Managing Member of Fourthstone and Fourthstone GP and may be deemed to beneficially own securities owned by Fourthstone entities.

Positive

• Material disclosure: Fourthstone entities report ownership of 421,191 shares (8.07%) of CF Bankshares, providing clear transparency on a sizable stake.
• Passive classification: Filed on Schedule 13G, indicating the holder reports the position as acquired in the ordinary course and not for influencing control.

Negative

• No sole voting or dispositive power: All reported voting and dispositive power is shared, limiting a single reporting person’s direct control.
• Passive stake only: The filing explicitly states holdings are not for changing control, so investors should not expect immediate governance engagement from these holders.

Insights

Financial Analyst

TL;DR: A material passive stake of 8.07% in CFBK has been disclosed, improving ownership transparency without signaling activism.

The filing reports a combined beneficial ownership of 421,191 shares (8.07%) held by Fourthstone LLC and affiliated entities, based on 5,219,630 shares outstanding. Because this is a Schedule 13G and the filing explicitly states the holdings were acquired in the ordinary course and not to influence control, the market implication is disclosure-driven rather than governance-driven. Investors should note the split of holdings across multiple Fourthstone entities and that reported voting and dispositive power is shared, not sole.

Corporate Governance Expert

TL;DR: Significant ownership disclosed but classified as passive; reporting clarifies no intent to change control.

The Schedule 13G identifies multiple reporting persons and clarifies relationships: Fourthstone LLC (advisor) directly holds the shares on behalf of clients, and L. Phillip Stone, IV is the Managing Member and may be deemed to beneficially own the securities. The signature block certifies the securities were not acquired to influence issuer control. From a governance perspective, this is a material disclosure of a >5% holder but does not allege activist intent or propose governance actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

CF Bankshares Inc.

(Name of Issuer)

Common Stock, par value $.01 per share

(Title of Class of Securities)

12520L109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 12520L109

1

Names of Reporting Persons

Fourthstone LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 421,191.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 421,191.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

421,191.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.07 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (6), (8), (9) and (11).

SCHEDULE 13G

CUSIP No. 12520L109

1

Names of Reporting Persons

Fourthstone Master Opportunity Fund Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 331,354.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 331,354.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

331,354.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.35 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (6), (8), (9) and (11).

SCHEDULE 13G

CUSIP No. 12520L109

1

Names of Reporting Persons

Fourthstone GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 89,837.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 89,837.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

89,837.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.72 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (6), (8), (9) and (11).

SCHEDULE 13G

CUSIP No. 12520L109

1

Names of Reporting Persons

Fourthstone QP Opportunity Fund LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 87,590.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 87,590.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

87,590.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.68 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (6), (8), (9) and (11).

SCHEDULE 13G

CUSIP No. 12520L109

1

Names of Reporting Persons

Fourthstone Small-Cap Financials Fund LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,247.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,247.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,247.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.04 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (6), (8), (9) and (11).

SCHEDULE 13G

CUSIP No. 12520L109

1

Names of Reporting Persons

L. Phillip Stone, IV

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 421,191.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 421,191.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

421,191.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.07 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (6), (8), (9) and (11).

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CF Bankshares Inc.
(b)	Address of issuer's principal executive offices: 4960 East Dublin Granville Rd, Ste. 400, Columbus, Ohio, 43081
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed by Fourthstone LLC, a Delaware Limited Liability Company and Investment Adviser ("Fourthstone"). The persons reporting information on this Schedule 13G include, in addition to Fourthstone, a company incorporated in the Cayman Islands ("Fourthstone Master Opportunity Fund"), a Delaware Limited Partnership ("Fourthstone QP Opportunity"), a Delaware Limited Partnership ("Fourthstone Small-Cap Financials"), a Delaware Limited Liability Company ("Fourthstone GP, " General Partner of Fourthstone QP Opportunity and Fourthstone Small-Cap Financials), and L. Phillip Stone, IV, a citizen of the United States of America, who is the Managing Member of Fourthstone and Fourthstone GP (each, a "Reporting Person" and, together, the "Reporting Persons"). Fourthstone directly holds 421,191 shares of Common Stock on behalf of its advisory clients. Each of the Reporting Persons listed in this filing certify the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that effect.
(b)	Address or principal business office or, if none, residence: The principal business address of each of the Reporting Persons is as follows: The registered office of Fourthstone LLC, Fourthstone Master Opportunity Fund Ltd., Fourthstone GP LLC, Fourthstone QP Opportunity Fund LP, Fourthstone Small-Cap Financials Fund LP is 575 Maryville Centre Drive, Suite 110, St. Louis, MO 63141.
(c)	Citizenship: See response to Item 4 of each of the cover pages.
(d)	Title of class of securities: Common Stock, par value $.01 per share
(e)	CUSIP No.: 12520L109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Fourthstone LLC acquired the Issuer's shares in the ordinary course of business as a registered investment adviser and not with the purpose nor with the effect of influencing the control of the Issuer. Fourthstone GP LLC is the general partner of and may be deemed to beneficially own securities owned by Fourthstone QP Opportunity Fund LP and Fourthstone Small-Cap Financials Fund LP. L. Phillip Stone, IV, is the Managing Member of Fourthstone LLC and Fourthstone GP and may be deemed to beneficially own securities owned by Fourthstone.The percentages reported in Row 11 of each cover page are based on 5,219,630 shares of Common Stock (as defined below) of the Issuer (as defined below) outstanding based on the Issuer's Form 10-Q filed with the SEC on May 12, 2025.
(b)	Percent of class: 8.07 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See responses to Item 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See responses to Item 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See responses to Item 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See responses to Item 8 on each cover page.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Fourthstone LLC

Signature:	Amy M. Stone
Name/Title:	Chief Executive Officer
Date:	08/14/2025

Fourthstone Master Opportunity Fund Ltd

Signature:	Amy M. Stone
Name/Title:	Chief Executive Officer
Date:	08/14/2025

Fourthstone GP LLC

Signature:	L. Phillip Stone, IV
Name/Title:	Managing Member of Fourthstone GP LLC
Date:	08/14/2025

Fourthstone QP Opportunity Fund LP

Signature:	Amy M. Stone
Name/Title:	Chief Executive Officer
Date:	08/14/2025

Fourthstone Small-Cap Financials Fund LP

Signature:	Amy M. Stone
Name/Title:	Chief Executive Officer
Date:	08/14/2025

L. Phillip Stone, IV

Signature:	L. Phillip Stone, IV
Name/Title:	Self, Principal owner of Fourthstone LLC
Date:	08/14/2025

FAQ

Who filed the Schedule 13G for CF Bankshares (CFBK)?

The Schedule 13G was filed by Fourthstone LLC and related reporting persons including Fourthstone Master Opportunity Fund Ltd., Fourthstone GP LLC, Fourthstone QP Opportunity Fund LP, Fourthstone Small-Cap Financials Fund LP, and L. Phillip Stone, IV.

How many CFBK shares does Fourthstone report owning and what percentage is that?

The filing reports ownership of 421,191 shares, representing 8.07% of CF Bankshares common stock based on 5,219,630 shares outstanding.

When is the event date referenced in the filing?

The date of the event requiring the filing is listed as 06/30/2025, and the signatures are dated 08/14/2025.

Does Fourthstone state an intent to influence control of CFBK?

No. The filing certifies the securities were acquired in the ordinary course of business and were not acquired and are not held for the purpose of changing or influencing control of the issuer.

What is L. Phillip Stone, IV's role in the filing?

The filing identifies L. Phillip Stone, IV as the Managing Member of Fourthstone LLC and Fourthstone GP, and he may be deemed to beneficially own securities held by Fourthstone entities.