BayFirst CEO reports Series D preferred holdings
BayFirst Financial Corp. CEO and President Alfred Tate Rogers Jr. filed an initial ownership report showing indirect holdings of Series D Preferred Stock through several entities, each convertible into common stock.
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Form Type
3
Rhea-AI Filing Summary
BayFirst Financial Corp. CEO and President Alfred Tate Rogers Jr. filed an initial ownership report showing indirect holdings of Series D Preferred Stock through several entities, each convertible into common stock. The filing also notes that he personally owns 400 shares of Series D Preferred Stock.
All outstanding Series D Preferred Stock will automatically convert into common shares after shareholder approval and required filings. A shareholder meeting is scheduled for July 14, 2026 to vote on this conversion; if approved, conversion will occur on that date.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Rogers Alfred Tate Jr
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Series D Preferred Stock — 691,394 contracts (Indirect, ATRJR ROTH, LLC);
Series D Preferred Stock — 279,986 contracts (Indirect, ATRJR, LLC);
Series D Preferred Stock — 148,564 contracts (Indirect, ATRJR IRA, LLC);
Series D Preferred Stock — 22,856 contracts (Indirect, BASS COLLECTIVE, LLC)
Footnotes (2)
- F1. The Company is obligated to continue to pursue shareholder approval for conversion.
- F2. Mr. Rogers owns 400 shares of Series D Preferred Stock. After shareholder approval and all required filings, all outstanding Series D shares shall automatically convert into shares of common stock. The Company has scheduled a shareholder meeting for July 14, 2026, at which time the shareholders will vote to approve the conversion. If approved, the conversion will occur on that date. If not, conversion will be delayed until approval is received.
Key Figures
Indirect underlying shares (BASS COLLECTIVE, LLC): 22,856 shares
Indirect underlying shares (ATRJR IRA, LLC): 148,564 shares
Indirect underlying shares (ATRJR, LLC): 279,986 shares
+4 more
7 metrics
Indirect underlying shares (BASS COLLECTIVE, LLC)
22,856 shares
Underlying common stock for Series D Preferred, indirect holding
Indirect underlying shares (ATRJR IRA, LLC)
148,564 shares
Underlying common stock for Series D Preferred, indirect holding
Indirect underlying shares (ATRJR, LLC)
279,986 shares
Underlying common stock for Series D Preferred, indirect holding
Indirect underlying shares (ATRJR ROTH, LLC)
691,394 shares
Underlying common stock for Series D Preferred, indirect holding
Direct Series D Preferred shares
400 shares
Owned directly by Mr. Rogers, per footnote
Conversion exercise price
$0.0000 per share
Exercise price for Series D Preferred into common stock
Shareholder meeting date
July 14, 2026
Scheduled vote on Series D Preferred conversion
Key Terms
Series D Preferred Stock, Common Stock, shareholder approval, Form 3, +1 more
5 terms
Series D Preferred Stock financial
"Mr. Rogers owns 400 shares of Series D Preferred Stock."
Series D preferred stock is a specific class of preferred shares typically issued in a later-stage financing round that gives holders special rights such as priority for payout before common shareholders, fixed or cumulative dividends, and often the option to convert into common shares. Investors care because these shares affect who gets paid first in a sale or liquidation, influence ownership and voting power, and change how future fundraising or an exit will impact an investor’s return—like a VIP ticket that can sometimes be exchanged for a regular ticket if that proves more valuable.
Common Stock financial
"All outstanding Series D shares shall automatically convert into shares of common stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 3 regulatory
"Form 3 reports CEO Alfred Tate Rogers Jr.’s initial ownership in BayFirst’s Series D Preferred Stock."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
automatically convert financial
"All outstanding Series D shares shall automatically convert into shares of common stock."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the BayFirst Financial (BAFN) Form 3 filing report?
The Form 3 reports CEO Alfred Tate Rogers Jr.’s initial ownership in BayFirst’s Series D Preferred Stock, held both directly and indirectly. It establishes his existing positions before any future trades or conversions into BayFirst common stock occur.
How are Alfred Tate Rogers Jr.’s BayFirst (BAFN) Series D holdings structured?
His Series D Preferred holdings are reported mainly as indirect interests through entities such as BASS COLLECTIVE, LLC, ATRJR IRA, LLC, ATRJR, LLC, and ATRJR ROTH, LLC. Each block is convertible into BayFirst common stock under the described conversion terms.
When will BayFirst (BAFN) Series D Preferred Stock convert to common stock?
All outstanding Series D Preferred Stock will automatically convert into common stock after shareholder approval. BayFirst has scheduled a shareholder meeting for July 14, 2026 to vote on the conversion; if approved, conversion will occur on that date.
What conditions must be met before BayFirst (BAFN) Series D converts?
Conversion of all outstanding Series D Preferred Stock requires shareholder approval and completion of all required filings. The company is obligated to continue pursuing this approval, with a shareholder vote scheduled for July 14, 2026 on the proposed conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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