Does the BayFirst Financial Corp. (BAFN) Form 4 show any open-market share sales by Mark S. Berset?

The Form 4 does not show any open-market sales by Mark S. Berset. The only disposition reported is 99 shares withheld by the company to cover tax obligations from restricted stock awards, explicitly noted as not a sale by him.

What was the price per share used for the BayFirst Financial Corp. (BAFN) tax withholding?

The tax withholding used a price of $6.49 per BayFirst Financial Corp. common share. At this price, 99 shares were withheld to satisfy the issuer’s tax withholding and remittance obligations related to Berset’s restricted stock awards.

BayFirst (BAFN) director Berset reports 99-share tax withholding, holds over 214k shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BayFirst Financial Corp. director Mark S. Berset reported routine equity compensation-related activity. On the reported date, 99 shares of common stock were withheld at $6.49 per share to cover tax obligations tied to the net settlement of restricted stock awards, which the company notes does not represent a sale by Berset.

Following this tax-withholding disposition, he holds 214,810.792 shares of common stock directly, and additional indirect holdings through several family trusts, including 48,697.3680 shares in the Linda Berset Irrevocable Trust, 6,596.1997 shares in the Linda C. Berset Family Trust, and 16,217.1733 shares in the Mark S. Berset 2012 Irrevocable Trust.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Berset Mark S

Role null

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	99	$6.49	$642.51
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 214,810.792 shares (Direct, null); Common Stock — 16,217.173 shares (Indirect, Mark S. Berset 2012 Irrevocable Trust U/A Dated 12/13/12)

Footnotes (1)

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Key Figures

Tax-withheld shares: 99 shares Tax-withholding price: $6.49 per share Direct holdings after transaction: 214,810.792 shares +4 more

7 metrics

Tax-withheld shares 99 shares Common stock withheld to cover RSA tax obligations

Tax-withholding price $6.49 per share Value used for 99-share tax withholding

Direct holdings after transaction 214,810.792 shares Common stock directly owned post-withholding

Linda Berset Irrevocable Trust holdings 48,697.3680 shares Indirect ownership via Linda Berset Irrevocable Trust

Linda C. Berset Family Trust holdings 6,596.1997 shares Indirect ownership via Linda C. Berset Family Trust

Mark S. Berset 2012 Irrevocable Trust holdings 16,217.1733 shares Indirect ownership via 2012 Irrevocable Trust

Tax-withholding shares count 99 shares Reported in transactionSummary as taxWithholdingShares

Key Terms

restricted stock awards (RSAs), net settlement, tax withholding and remittance obligations, irrevocable trust, +1 more

5 terms

restricted stock awards (RSAs) financial

"in connection with the net settlement of restricted stock awards (RSAs)"

net settlement financial

"in connection with the net settlement of restricted stock awards (RSAs)"

tax withholding and remittance obligations financial

"withheld by the Issuer to satisfy its tax withholding and remittance obligations"

irrevocable trust financial

"Mark S. Berset 2012 Irrevocable Trust U/A Dated 12/13/12"

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

Family Trust financial

"Linda C. Berset Family Trust"

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 02:21 PM

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^*

Berset Mark S

(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)
05/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/15/2026		F⁽¹⁾		99	D	$6.49	214,810.792	D
Common Stock								16,217.1733	I	Mark S. Berset 2012 Irrevocable Trust U/A Dated 12/13/12
Common Stock								6,596.1997	I	Linda C. Berset Family Trust
Common Stock								48,697.368	I	Linda Berset Irrevocable Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares that have been withheld by the Issuer to satisfy its tax withholding and remittance obligations in connection with the net settlement of restricted stock awards (RSAs) and does not represent a sale by the Reporting Person.

Remarks:

	/s/ Barbara Felts, Attorney-in-fact	05/18/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did BayFirst Financial Corp. (BAFN) report for Mark S. Berset?

BayFirst Financial Corp. reported a tax-related share withholding for director Mark S. Berset. The company withheld 99 common shares to satisfy tax obligations from restricted stock awards, which it clarified does not represent an open-market sale by Berset.

How many BayFirst Financial Corp. (BAFN) shares were withheld for taxes in this Form 4?

The Form 4 shows 99 BayFirst Financial Corp. common shares withheld at $6.49 each. These shares were used to satisfy tax withholding and remittance obligations arising from the net settlement of restricted stock awards, rather than being sold in the market.

How many BayFirst Financial Corp. (BAFN) shares does Mark S. Berset hold directly after this filing?

After the reported tax-withholding transaction, Mark S. Berset directly holds 214,810.792 BayFirst Financial Corp. common shares. This reflects his post-transaction direct ownership and excludes additional shares held indirectly through various family trusts.

What indirect BayFirst Financial Corp. (BAFN) holdings are reported for Mark S. Berset?

The filing lists indirect BayFirst holdings for Mark S. Berset through several trusts: 48,697.3680 shares in the Linda Berset Irrevocable Trust, 6,596.1997 shares in the Linda C. Berset Family Trust, and 16,217.1733 shares in the Mark S. Berset 2012 Irrevocable Trust.