Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1144

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 16
Chunk 1144
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 to surrender units to the Operating LLC when certain restricted shares are forfeited by the employee or repurchased by the Company.
   ﻿ 
   ﻿The following table summarizes the transactions that resulted in changes in the unit ownership of the Operating LLC including unit issuances and forfeitures related to the UIS Agreement.
   ﻿   
    ROLLFORWARD OF UNITS OUTSTANDING OF 
 THE OPERATING LLC 

       Cohen & Company Inc.    Daniel G. Cohen    DGC Trust    Others    Total  
 December 31, 2021   13,311,494   18,605,315   9,880,268   72,098   41,869,175 
 Issuance of Units under UIS Agreement, net   1,021,330   -   -   -   1,021,330 
 Vesting of units   -   751,540   -   -   751,540 
 Issuance of units under 2017 Convertible Note   -   -   10,344,827   -   10,344,827 
 December 31, 2022   14,332,824   19,356,855   20,225,095   72,098   53,986,872 
 Issuance of Units under UIS Agreement, net   929,730   -   -   -   929,730 
 Vesting of units   -   967,830   -   470,330   1,438,160 
 Redemption of convertible non-controlling interest units   -   (479,380)  -   (470,330)  (949,710)
 December 31, 2023   15,262,554   19,845,305   20,225,095   72,098   55,405,052 
 Issuance of Units under UIS Agreement, net   1,090,048   -   -   -   1,090,048 
 Vesting of units   -   940,669   -   540,663   1,481,332 
 Redemption of convertible non-controlling interest units   -   (443,474)  -   (555,389)  (998