Insider Trading March 23, 2026

Cohen & Co EVP Joseph W. Pooler Jr. Sells $115,821 in Shares

Multiple transactions over two days reduce direct holdings; company also reports strong Q4 2025 results and authorizes LTIP Units

By Marcus Reed COHN
Cohen & Co EVP Joseph W. Pooler Jr. Sells $115,821 in Shares
COHN

Joseph W. Pooler Jr., Executive Vice President, Chief Financial Officer and Treasurer of Cohen & Co Inc. (NASDAQ: COHN), sold 6,818 shares of the company's common stock on March 19 and 20, 2026, for a combined total of about $115,821, according to a Form 4 filing. After the sales, Pooler retains direct ownership of 69,073 shares. Separately, Cohen & Company reported robust fourth-quarter 2025 results and amended its operating agreement to permit issuance of LTIP Units as profits interests for U.S. federal income tax purposes.

Key Points

  • Joseph W. Pooler Jr., EVP, CFO and Treasurer of Cohen & Co Inc., sold 6,818 shares on March 19-20, 2026 for approximately $115,821.
  • March 19 transactions totaled 6,113 shares at a weighted average price of $17.15 (price range $17.1383 to $17.1839); March 20 transactions totaled 705 shares at a weighted average price of $15.58 (price range $15.01 to $15.6735).
  • After the sales, Pooler directly owns 69,073 shares. Separately, Cohen & Company reported strong Q4 2025 results and amended its operating agreement to allow issuance of LTIP Units as profits interests.

Joseph W. Pooler Jr., who serves as Executive Vice President, Chief Financial Officer and Treasurer of Cohen & Co Inc. (NASDAQ: COHN), carried out a series of stock sales on March 19 and March 20, 2026, that together amounted to 6,818 shares and generated roughly $115,821 in proceeds, according to a Form 4 filing with the Securities and Exchange Commission.

The filing outlines the transactions in detail. On March 19, Pooler sold 6,113 shares at a weighted average price of $17.15 per share, with individual sale prices reported in a range from $17.1383 to $17.1839. The following day, March 20, he sold an additional 705 shares at a weighted average price of $15.58 per share, with transaction prices ranging between $15.01 and $15.6735.

Following these dispositions, Pooler is recorded as directly owning 69,073 shares of Cohen & Co Inc. The Form 4 indicates the sales were executed in multiple transactions across the two trading days.


Company developments noted in the filing and related disclosures

In other corporate disclosures, Cohen & Company highlighted a strong financial performance for the fourth quarter of 2025, reporting substantial revenue growth and strategic expansion across its core business segments. The company said its earnings call emphasized these achievements and suggested the results have had a notable effect on investor confidence.

Additionally, the company announced an amendment to its operating agreement to permit the issuance of LTIP Units. According to the disclosure, these LTIP Units are intended to function as profits interests for U.S. federal income tax purposes. The Board of Managers has been granted authority to issue LTIP Units under grant agreements and applicable equity incentive arrangements.


Context and takeaways

The Form 4 filing provides a transactional record of Pooler’s sales and the change in his directly held shares. The separate disclosures about the company’s fourth-quarter performance and the operating agreement amendment outline recent corporate actions and governance changes that the company has publicly reported.

The filing contains the specific transaction dates, share counts, weighted average prices and price ranges for the sales, as well as the updated direct ownership figure for Pooler. The company disclosures summarize recent financial performance and a governance amendment authorizing LTIP Units as described above.

Risks

  • The Form 4 discloses the share sales but does not state the motivating factors behind the transactions, leaving the rationale for the disposals unspecified - this uncertainty could affect market perception.
  • Details on the specific terms and allocation mechanics for the newly authorized LTIP Units are not provided in the disclosure, creating uncertainty about how those units will be implemented.
  • The filing records past transactions and recent corporate actions but does not indicate future insider transactions or further governance changes, leaving potential subsequent developments unclear.

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