BayFirst (BAFN) director updates holdings after 99-share tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BayFirst Financial Corp. director Bradly William Spoor reported routine share movements involving company common stock. The filing shows 99 shares were withheld at $6.49 per share to cover tax obligations on restricted stock awards, which the footnote clarifies is not an open-market sale. After these entries, he holds 2,954.1931 shares directly and 21,927.5390 shares indirectly through S5 Consulting, LLC.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Spoor Bradly William

Role null

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

Holdings After Transaction: Common Stock — 2,954.193 shares (Direct, null); Common Stock — 21,927.539 shares (Indirect, S5 Consulting, LLC)

Footnotes (1)

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Key Figures

Tax-withheld shares: 99 shares Withholding price: $6.49 per share Direct holdings after transaction: 2,954.1931 shares +1 more

4 metrics

Tax-withheld shares 99 shares Withheld to satisfy tax obligations on RSAs

Withholding price $6.49 per share Price used for 99 tax-withheld shares

Direct holdings after transaction 2,954.1931 shares Common stock directly owned after tax withholding

Indirect holdings via S5 Consulting, LLC 21,927.5390 shares Common stock indirectly owned

Key Terms

tax withholding, restricted stock awards, net settlement, indirect ownership, +1 more

5 terms

tax withholding financial

"shares that have been 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)"

indirect ownership financial

"total_shares_following_transaction ... ownership_type": "indirect""

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.

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 02:22 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^*

Spoor Bradly William

(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	2,954.1931	D
Common Stock								21,927.539	I	S5 Consulting, LLC

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 Bradly William Spoor?

BayFirst director Bradly William Spoor reported a routine Form 4 update. It records tax-related share withholding and updated direct and indirect common stock holdings, rather than any open-market purchase or sale of BayFirst Financial Corp. shares.

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

The Form 4 shows 99 shares of BayFirst Financial Corp. common stock withheld at $6.49 per share. The footnote explains this satisfied tax obligations on restricted stock awards, and it specifically states this does not represent a sale by the reporting person.

What are Bradly William Spoor’s direct BayFirst Financial Corp. (BAFN) holdings after this filing?

After the reported tax-withholding transaction, Bradly William Spoor directly holds 2,954.1931 shares of BayFirst Financial Corp. common stock. This figure reflects his remaining direct ownership position following the 99 shares withheld to cover tax liabilities on restricted stock awards.

What indirect BayFirst Financial Corp. (BAFN) holdings are reported for Bradly William Spoor?

The filing lists an indirect holding of 21,927.5390 BayFirst Financial Corp. common shares attributed to S5 Consulting, LLC. These shares are reported as indirectly owned, providing additional context on the total equity exposure associated with Spoor beyond his direct holdings.

Does the BayFirst Financial Corp. (BAFN) Form 4 show any open-market buying or selling?

The Form 4 does not show open-market buying or selling. It records a tax-withholding disposition of 99 shares linked to restricted stock awards, explicitly noted as not a sale, plus an updated indirect holding entry for shares held through S5 Consulting, LLC.