BayFirst director Spoor acquires shares at $3.50

Both acquisitions were tied to the director’s rights in the rights offering, with one holding recorded indirectly through S5 Consulting, LLC.

Rhea-AI Filing Summary

BayFirst Financial Corp. director Bradly William Spoor acquired 3,021 shares directly and 21,939 shares indirectly through S5 Consulting, LLC at $3.50 per share on October 8, 2026. The purchases were in the company’s rights offering, pursuant to the reporting person’s rights. Reported holdings afterward were 5,975 shares directly and 43,867 shares indirectly through S5 Consulting, LLC. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Other: 24,960 shares

Other 2 txns

Insider Spoor Bradly William

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock F1	3,021	$3.50	$11K
Other	Common Stock F1	21,939	$3.50	$77K

Holdings After Transaction: Common Stock — 5,975.1931 shares (Direct); Common Stock — 43,866.539 shares (Indirect, S5 Consulting, LLC)

Footnotes (1)

1. F1. Purchase of shares in BayFirst Financial Corp.'s rights offering pursuant to the reporting person's rights, as described in the related Form S-1 Registration Statement (File No. 333-295447).

Key Figures

Direct shares acquired: 3,021 shares Indirect shares acquired: 21,939 shares Price per share: $3.50 per share +2 more

5 metrics

Direct shares acquired 3,021 shares October 8, 2026

Indirect shares acquired 21,939 shares Through S5 Consulting, LLC on October 8, 2026

Price per share $3.50 per share Rights offering acquisitions

Direct shares held after transaction 5,975 shares Reported following the October 8, 2026 acquisition

Indirect shares held after transaction 43,867 shares Reported through S5 Consulting, LLC following the October 8, 2026 acquisition

Key Terms

rights offering, Registration Statement

2 terms

rights offering financial

"BayFirst Financial Corp.'s rights offering"

A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.

Registration Statement regulatory

"related Form S-1 Registration Statement"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many BAFN shares did director Bradly William Spoor acquire?

Bradly William Spoor acquired 3,021 shares directly and 21,939 shares indirectly through S5 Consulting, LLC on October 8, 2026, at $3.50 per share in BayFirst Financial Corp.’s rights offering. Reported holdings afterward were 5,975 shares directly and 43,867 shares indirectly through S5 Consulting, LLC. No Rule 10b5-1 plan is reported.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/13/2026 - 08:05 AM EDT Accepted by SEC EDGAR 10/13/2026 - 08:05 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Spoor Bradly William

(Last) (First) (Middle)

700 CENTRAL AVE

(Street)

ST. PETERSBURG FLORIDA 33701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BayFirst Financial Corp. [ BAFN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/08/2026		J(1)		3,021	A	$3.5	5,975.1931	D
Common Stock	10/08/2026		J(1)		21,939	A	$3.5	43,866.539	I	S5 Consulting, LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Purchase of shares in BayFirst Financial Corp.'s rights offering pursuant to the reporting person's rights, as described in the related Form S-1 Registration Statement (File No. 333-295447).

Remarks:

	/s/ Barbara Felts, Attorney-in-fact	10/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)