BAFN Form 4: SVP Tudor Rhonda S buys shares under company plan

Rhea-AI Filing Summary

BayFirst Financial Corp. (BAFN) Form 4 filed for reporting person Tudor Rhonda S, who is identified as SVP, Chief Accounting Officer, discloses an equity purchase on 08/07/2025. The filing states the shares were acquired under the issuer's Non-Qualified Stock Purchase Plan and lists a transaction price of $11.07. The document shows a post-transaction beneficial ownership figure of 1,702.1115 shares and includes the numeric entry 27.1003 associated with the reported line.

The Form is signed by an attorney-in-fact, Barbara Felts, dated 08/11/2025. The filing provides the reporter's city as St. Petersburg, FL, and confirms this is an individual filing by one reporting person.

Positive

• Officer participation in the issuer's Non-Qualified Stock Purchase Plan, demonstrating insider ownership accumulation
• Transparent disclosure of transaction details including transaction date, price ($11.07), and post-transaction beneficial ownership (1,702.1115 shares)

Negative

• None.

Insights

Corporate Governance Expert

Insider purchase under a company plan indicates routine participation, not necessarily a material shift in control or strategy.

The Form 4 documents an officer-level purchase via the issuer's Non-Qualified Stock Purchase Plan on 08/07/2025. Such plan-based acquisitions are common and typically reflect compensation or employee participation rather than opportunistic market-driven insider buying. The filing shows a post-transaction beneficial ownership of 1,702.1115 shares and a reported transaction price of $11.07. From a governance perspective, the filing provides transparency on insider holdings and confirms the transaction was executed under plan terms rather than an ad-hoc open-market purchase.

Securities Analyst

Small, plan-driven insider purchase; informational but unlikely to be material to valuation on its own.

The reported activity for Tudor Rhonda S appears to be a plan purchase (Non-Qualified Stock Purchase Plan) executed 08/07/2025. The form lists a price of $11.07 and shows 1,702.1115 shares beneficially owned after the transaction. There is no indication of a large block trade or change in control. For investors, this is a data point on insider alignment but does not, by itself, signal a material change in company outlook or financial position.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Tudor Rhonda S

Role SVP, Chief Accounting Officer

Type	Security	Shares	Price	Value
Other	Common Stock	27.1	$11.07	$300.00

Holdings After Transaction: Common Stock — 1,702.112 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Tudor Rhonda S

(Last) (First) (Middle)

700 CENTRAL AVE.

(Street)

ST. PETERSBURG FL 33701

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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

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

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

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	08/07/2025		J(1)		27.1003	A	$11.07	1,702.1115	D

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. Shares were purchased within the Issuer's Non-Qualified Stock Purchase Plan.

Remarks:

	/s/ Barbara Felts, Attorney-in-fact	08/11/2025
	** 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.

FAQ

What transaction did Tudor Rhonda S report on Form 4 for BAFN?

The Form 4 reports a purchase of common stock on 08/07/2025 executed under BayFirst Financial Corp.'s Non-Qualified Stock Purchase Plan.

How many shares did the filing show as beneficially owned after the transaction for BAFN?

The filing lists 1,702.1115 shares as beneficially owned following the reported transaction.

What price is reported for the transaction in the BAFN Form 4?

The Form 4 includes a reported transaction price of $11.07.

Who is the reporting person and what is their role at BAFN?

The reporting person is Tudor Rhonda S, identified as SVP, Chief Accounting Officer.

When was the Form 4 signed and by whom for the BAFN filing?

The Form 4 bears the signature of Barbara Felts, Attorney-in-fact dated 08/11/2025.