BayFirst director reports tax withholding on RSAs
BayFirst Financial Corp. director Bradly William Spoor reported routine share movements involving company common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
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
Exercise Price or Tax Liability: 99 shares
Exercise Price or Tax Liability
2 txns
Insider
Spoor Bradly William
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 99 | $6.49 | $642.51 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,954.1931 shares (Direct);
Common Stock — 21,927.539 shares (Indirect, S5 Consulting, LLC)
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-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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates