SCHEDULE: Castle Creek Capital Reduces Stake in CF Bankshares to 9.9% After Share Sales

Castle Creek Capital Partners VII, LP has reduced its beneficial ownership in CF Bankshares Inc. to 9.9% after selling 74,080 shares of Voting Common Stock for over $1.78 million between May 21 and July 1, 2025.

Summary

• Castle Creek Capital Partners VII, LP (Fund VII) filed Amendment No. 8 to its Schedule 13D regarding its ownership in CF Bankshares Inc.
• Between May 21, 2025, and July 1, 2025, Fund VII sold an aggregate of 74,080 shares of CF Bankshares Inc. Voting Common Stock in open-market transactions.
• The total net proceeds from these sales amounted to $1,781,173.19, after accounting for commissions and fees.
• On May 21, 2025, Fund VII converted 360,400 shares of Non-Voting Common Stock into an equal number of Voting Common Stock shares.
• Following these transactions, Fund VII directly owns 434,898 shares of Voting Common Stock.
• Fund VII is deemed to beneficially own 565,336 shares of Voting Common Stock, which represents approximately 9.9% of the total Voting Common Stock outstanding.
• This beneficial ownership figure includes the 434,898 shares held directly and the maximum 130,438 shares of Voting Common Stock issuable upon conversion of Non-Voting Common Stock, considering the Ownership Cap.
• The 9.9% calculation is based on a total of 5,710,468 shares of Voting Common Stock outstanding, derived from 5,219,630 shares as of May 8, 2025 (per the Company's Form 10-Q), plus the 360,400 converted shares and the 130,438 shares convertible under the cap.
• Fund VII and CCC VII share voting and dispositive power over the 565,336 shares.
• Specific sales transactions occurred at weighted average prices ranging from $24.00 to $24.15 per share across multiple dates in May, June, and July 2025.

Sentiment

Score: 5

Explanation: Neutral. The filing reports a factual transaction update regarding an institutional investor's reduction in stake. It does not inherently convey positive or negative sentiment about the company's performance, but rather reflects the investor's portfolio management decisions.

Positives

• Castle Creek Capital Partners VII, LP successfully monetized a portion of its investment, generating over $1.78 million in proceeds from share sales.

Negatives

• The reduction in stake by a significant institutional investor like Castle Creek Capital could be interpreted by some as a signal of reduced conviction or a strategic partial exit from the investment.

Future Outlook

This filing is an update on an investor's ownership stake and does not contain any forward-looking statements or guidance from CF Bankshares Inc. management.

Industry Context

This filing details a specific institutional investor's portfolio management decision regarding its stake in CF Bankshares Inc., a financial institution. It does not provide broader insights into industry trends or competitive dynamics within the banking sector.

Stakeholder Impact

• Shareholders: The reduction in stake by a significant institutional investor could be perceived differently by other shareholders; some might interpret it as a negative signal, while others might view it as increasing liquidity in the market for the company's shares.

Key Dates

Recommendation

Keywords

CF Bankshares Inc., Castle Creek Capital, Schedule 13D, beneficial ownership, common stock, share sales, institutional investor, SEC filing, equity stake, voting common stock, non-voting common stock