BayFirst director reports 99-share tax withholding
BayFirst Financial Corp. director Sheryl WuDunn reported a small tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
BayFirst Financial Corp. director Sheryl WuDunn reported a small tax-related share disposition. On this Form 4, 99 shares of Common Stock were withheld by the company at a price of $6.49 per share to cover tax obligations from net-settled restricted stock awards. The filing states this does not represent an open-market sale by the director. After this withholding, WuDunn directly holds about 6,237 Common Stock shares.
Insider Trade Summary
Exercise Price or Tax Liability: 99 shares
Exercise Price or Tax Liability
1 txn
Insider
WuDunn Sheryl
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 99 | $6.49 | $642.51 |
Holdings After Transaction:
Common Stock — 6,237.0104 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Tax withholding shares: 99 shares
Tax withholding price: $6.49 per share
Shares held after transaction: 6,237.0104 shares
+2 more
5 metrics
Tax withholding shares
99 shares
Common Stock withheld to satisfy tax obligations
Tax withholding price
$6.49 per share
Value used for withheld Common Stock shares
Shares held after transaction
6,237.0104 shares
Director’s direct Common Stock holdings post-transaction
Tax withholding transactions
1 transaction, 99 shares
Summary of tax withholding events in this Form 4
Net buy/sell shares
0 shares
Net open-market buying or selling activity reported
Key Terms
tax withholding, restricted stock awards, net settlement, Common Stock, +1 more
5 terms
tax withholding financial
"withheld by the Issuer to satisfy its tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
restricted stock awards financial
"in connection with the net settlement of restricted stock awards (RSAs)"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
net settlement financial
"in connection with the net settlement of restricted stock awards (RSAs)"
Common Stock financial
"security_title": "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 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BayFirst Financial Corp. (BAFN) director Sheryl WuDunn report?
Director Sheryl WuDunn reported a small tax-related disposition of 99 BayFirst Financial Corp. Common Stock shares. The shares were withheld by the company to satisfy tax obligations from restricted stock awards, not sold by her in the open market.
What does the Form 4 footnote say about BayFirst (BAFN) director Sheryl WuDunn’s transaction?
The footnote explains that the 99 shares were withheld by BayFirst to meet tax withholding and remittance obligations for net-settled restricted stock awards. It clarifies the event does not represent a sale of shares by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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