Company: CFBK
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000950170-25-060182
Chunk: 52

Company: CF BANKSHARES INC.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 52
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a) 5,216,059 shares of Voting Common Stock outstanding on April 10, 2025, and (b) the number of shares of Voting Common Stock, if any, as to which the named person has the right to acquire beneficial ownership upon the exercise of options which are currently exercisable or will first become exercisable within 60 days after April 10, 2025. (2) Based on information provided to the Company, each of Castle Creek Capital Partners VII, LP (“Fund VII”) and Castle Creek Capital VII LLC (“CCC VII”) have shared voting power and shared investment power over 539,570 shares of the outstanding Voting Common Stock of the Company, which includes (i) 305,428 shares of Voting Common Stock held by Fund VII and (ii) the maximum number of shares (i.e., 234,142 shares) of Voting Common Stock issuable to Fund VII and its affiliates upon conversion of the Non-Voting Common Stock held by Fund VII taking into consideration the Ownership Cap (as defined herein). Pursuant to the terms of the Company’s Non-Voting Common Stock, Fund IV is permitted to convert shares of Non-Voting Common Stock into shares of Voting Common Stock at any time or from time to time, provided that upon such conversion Fund VII, together with its affiliates, will not own or control in the aggregate more than 9.9% of the outstanding Voting Common Stock (the “Ownership Cap”). Excludes 949,858 shares of Non-Voting Common Stock. Since Fund VII does not presently, and will not within the next 60 days, have the right to acquire Voting Common Stock in respect of such Non-Voting Common Stock (due in part to the Ownership Cap), those underlying shares are not included in the amount reported herein. CCC VII disclaims beneficial ownership of the Voting Common Stock owned by Fund VII, except to the extent of its pecuniary interest therein. (3) Based on information contained in a Schedule 13G/A filed on November 15, 2024 by AllianceBernstein L.P., and additional information provided to the Company, AllianceBernstein L.P. has sole voting and investment power over 401,036 shares of the outstanding Voting Common Stock of the Company, acquired solely for investment purposes on behalf of client discretionary investment advisory accounts. (4) Based on information provided to the Company, Mr. Cochran has sole voting and investment power over 349,913 shares of the outstanding Voting Common Stock of the Company. (5)