[Form 4] BayFirst Financial Corp. Insider Trading Activity

Rhea-AI Filing Summary

BayFirst Financial Corp. insider trade disclosure: Senior vice president and chief accounting officer Rhonda Tudor reported buying 40.404 shares of BayFirst Financial Corp. common stock on 11/13/2025 under the issuer's Non-Qualified Stock Purchase Plan. The shares were acquired at a price of $7.43 per share. Following this transaction, Tudor beneficially owns a total of 1,742.5155 shares of BayFirst Financial common stock in direct ownership. This filing is a routine Form 4 reporting an officer's equity purchase rather than a company-level financing or strategic transaction.

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

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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)
11/13/2025

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	11/13/2025		J(1)		40.404	A	$7.43	1,742.5155	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:

	Rhonda Tudor	11/17/2025
	** 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 insider transaction did BayFirst Financial Corp. (BAFN) report?

BayFirst Financial Corp. reported that officer Rhonda Tudor, its senior vice president and chief accounting officer, purchased 40.404 shares of common stock on 11/13/2025 through the issuer's Non-Qualified Stock Purchase Plan.

At what price were the BAFN shares acquired in this Form 4 filing?

The reported transaction shows that 40.404 shares of BayFirst Financial common stock were acquired at a price of $7.43 per share.

How many BayFirst Financial (BAFN) shares does the reporting person own after the transaction?

After the reported purchase, Rhonda Tudor beneficially owns 1,742.5155 shares of BayFirst Financial Corp. common stock in direct ownership.

What is the relationship of the reporting person to BayFirst Financial Corp. (BAFN)?

The reporting person, Rhonda Tudor, is listed as an officer of BayFirst Financial Corp., holding the title of SVP, Chief Accounting Officer.

Was this BayFirst Financial (BAFN) insider trade made under a stock purchase plan?

Yes. The explanation states that the shares were purchased within the issuer's Non-Qualified Stock Purchase Plan.

Is this BayFirst Financial (BAFN) Form 4 filed by one reporting person or multiple?

This Form 4 is indicated as being filed by one reporting person, not a group filing.