BayFirst Financial (BAFN) president reports small plan-related share moves

Rhea-AI Filing Summary

BayFirst Financial Corp. President and COO Oliver Robin Leigh reported two small, plan-related transactions in the company’s common stock. On May 7, 2026, he acquired 45.3666 shares at $6.6128 per share through the issuer’s Non-Qualified Stock Purchase Plan, bringing his direct holdings to 12,091.3211 shares. A separate entry on February 19, 2026 reflects 0.1673 ESOP shares at $6.6414 being distributed and fractional shares sold as part of the termination of the Employee Stock Ownership Plan, reducing that indirect ESOP-related position to zero. Both transactions are coded as “other” and classified as restructuring rather than open-market buying or selling.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Oliver Robin Leigh

Role President, COO

Type	Security	Shares	Price	Value
Other	Common Stock	45.367	$6.6128	$300.00
Other	Common Stock	0.167	$6.6414	$1.11

Holdings After Transaction: Common Stock — 12,091.321 shares (Direct, null); Common Stock — 0 shares (Indirect, By ESOP)

Footnotes (1)

1. Shares were purchased within the Issuer's Non-Qualified Stock Purchase Plan. Shares held by the BayFirst Natioanl Bank Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account were distribute to the employee and fractional shares were sold as part of the termination of the ESOP.

Key Figures

Plan acquisition shares: 45.3666 shares Plan acquisition price: $6.6128/share Direct holdings after transaction: 12,091.3211 shares +3 more

6 metrics

Plan acquisition shares 45.3666 shares Common Stock acquired May 7, 2026 via Non-Qualified Stock Purchase Plan

Plan acquisition price $6.6128/share Price per share for May 7, 2026 plan acquisition

Direct holdings after transaction 12,091.3211 shares Direct common stock ownership following May 7, 2026 transaction

ESOP fractional shares 0.1673 shares Fractional ESOP shares at $6.6414 on February 19, 2026

ESOP transaction price $6.6414/share Price for ESOP-related fractional share sale February 19, 2026

Restructuring shares total 45.5339 shares Total shares affected by restructuring-type transactions in summary

Key Terms

Non-Qualified Stock Purchase Plan, Employee Stock Ownership Plan, transaction code J, Form 4, +1 more

5 terms

Non-Qualified Stock Purchase Plan financial

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

Employee Stock Ownership Plan financial

"Shares held by the BayFirst Natioanl Bank Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account"

An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.

transaction code J regulatory

"transaction_code": "J","transaction_code_description": "Other acquisition or disposition""

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.

restructuringShares financial

""restructuringShares": 45.533899999999996,"

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^*

Oliver Robin Leigh

(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
X	Officer (give title below)		Other (specify below)
	President, COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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	05/07/2026		J(1)		45.3666	A	$6.6128	12,091.3211	D
Common Stock	02/19/2026		J(2)		0.1673	D	$6.6414	0	I	By ESOP

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.

2. Shares held by the BayFirst Natioanl Bank Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account were distribute to the employee and fractional shares were sold as part of the termination of the ESOP.

Remarks:

	/s/ Barbara Felts, Attorney-in-fact	05/11/2026
	** 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)

FAQ

What insider transactions did BayFirst Financial (BAFN) report for Oliver Robin Leigh?

BayFirst’s President and COO Oliver Robin Leigh reported two small “other” transactions in common stock, tied to a Non-Qualified Stock Purchase Plan and the termination of an Employee Stock Ownership Plan, rather than open-market buying or selling.

How many BayFirst Financial (BAFN) shares does Oliver Robin Leigh hold after these transactions?

Following the May 7, 2026 plan-related acquisition, Oliver Robin Leigh directly holds 12,091.3211 shares of BayFirst Financial common stock, according to the Form 4, reflecting his updated ownership position after the reported restructuring-type transactions.

What was the price and size of Oliver Robin Leigh’s BayFirst Financial stock purchase under the plan?

On May 7, 2026, Oliver Robin Leigh acquired 45.3666 BayFirst Financial common shares at $6.6128 per share through the issuer’s Non-Qualified Stock Purchase Plan, a small, routine purchase rather than a large open-market transaction.

How did the BayFirst Financial ESOP termination affect Oliver Robin Leigh’s holdings?

As part of terminating the BayFirst National Bank Employee Stock Ownership Plan, ESOP shares allocated to Oliver Robin Leigh were distributed, and 0.1673 fractional shares at $6.6414 were sold, leaving him with zero shares held indirectly through the ESOP.

What does transaction code J mean in Oliver Robin Leigh’s BayFirst Financial Form 4?

Transaction code J in the Form 4 identifies “other acquisition or disposition” events. For Oliver Robin Leigh, both entries are coded J and summarized as restructuring transactions, linked to an employee stock purchase plan and ESOP termination, not standard market buys or sells.