X0306 4 2020-05-15 0 0001466538 COWEN INC. COWN 0001275922 SOLOMON JEFFREY M COWEN INC. 599 LEXINGTON AVENUE NEW YORK NY 10022 1 1 0 0 Chairman and CEO Class A Common Stock 2020-05-15 4 F 0 9847 11.77 D 843122 D Class A Common Stock 2020-06-01 4 F 0 4384 13.05 D 838738 D Represents shares of the Issuer's Class A common stock withheld to satisfy tax withholding obligations upon the vesting of restricted stock, in accordance with the terms of the related grant agreement, which was approved by the board of directors of the Issuer in accordance with Rule 16b-3 promulgated under the Securities Exchange Act of 1934. /s/ Jeffrey M. Solomon 2020-06-02