Company: CFBK
Filing Date: 2025-01-07
Form Type: S-3
Source: 0001193125-25-002885
Chunk: 9

Company: CF BANKSHARES INC.
Filing Date: 2025-01-07
Form: S-3
Chunk 9
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     |              | 397,025 |     |              | 6.2 | % |

| (1) | Assumes the sale of all shares of Non-Voting Common Stock and Voting 
 Common Stock offered pursuant to this prospectus.                    |

| (2) | Calculated based on 6,386,585 shares of Voting Common Stock outstanding, which was calculated based on (i)                                                                                              
 5,125,885 shares of Voting Common Stock outstanding as of November 8, 2024, as reported in the Company’s Quarterly Report on Form 10-Q filed with the SEC on November 13, 2024, and (ii) an             
 additional 1,260,700 of Voting Common Stock that would be issued to the Selling Securityholders upon conversion of the 1,260,700 shares of Non-Voting Common Stock offered pursuant to this prospectus. |

| (3) | Consists of (i) 313,145 shares of Voting Common Stock held by Castle Creek Capital Partners VII, L.P. and                                            
 (ii) 1,184,000 shares of Voting Common Stock issuable upon conversion of the Non-Voting Common Stock held by Castle Creek Capital Partners VII, L.P. |

| (4) | Consists of (i) 397,025 shares of Voting Common Stock held by AB Financial Services Opportunities Master                                                                                                      
 Fund L.P. and (b) 76,700 shares of Voting Common Stock issuable upon conversion of the Non-Voting Common Stock held by AB Financial Services Opportunities Master Fund L.P. Excludes 200,000 shares of Voting 
 Common Stock issuable upon conversion of 2,000 shares of the Company’s Series D Preferred Stock held by AB Financial Services Opportunities Master Fund L.P.                                                  |

Other Material Relationships with the Selling Securityholders Securities Purchase Agreement Pursuant to the terms of the Securities Purchase Agreement, for so long as Castle Creek Capital Partners VII, L.P. (“Castle Creek”), together with its affiliates, owns in the aggregate at least 4.9% of the outstanding shares of Common Stock, Castle Creek will be entitled to have one representative appointed to the boards of directors of the Company and CFBank, subject to the satisfaction of legal and regulatory requirements, or to designate one representative to attend the meetings of such boards of directors in a non-voting, non-participating observercapacity. Sundeep Rana currently serves as a director of the Company and CFBank as the Castle Creek director representative pursuant to