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  4. [Form 4] BayFirst Financial Corp. Insider Trading Activity

BayFirst (BAFN) insider purchase: 135.5014 shares added by CEO

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

The company's CEO and director, Thomas Gerard Zernick, reported a purchase of 135.5014 shares of BayFirst Financial Corp. (BAFN) on 08/07/2025 under the issuer's Non-Qualified Stock Purchase Plan at a reported price of $11.07 per share. Following the transaction, his direct beneficial ownership is reported as 19,003.5658 shares.

The filing is a Form 4 disclosure of a non-derivative acquisition executed pursuant to the company's plan and includes an explanatory remark confirming the shares were purchased within the issuer's Non-Qualified Stock Purchase Plan. No derivative transactions or dispositions are reported in this filing.

Positive

  • Insider purchase disclosed: Acquisition of 135.5014 common shares under the issuer's Non-Qualified Stock Purchase Plan at $11.07 per share.
  • Clear reporting: Transaction reported as direct beneficial ownership, with an explanatory remark confirming the purchase within the company plan.

Negative

  • None.

Insights

TL;DR: A small, routine insider purchase was reported; direct holdings rose to 19,003.5658 shares.

The Form 4 shows a single non-derivative purchase of 135.5014 common shares at $11.07 on 08/07/2025, executed under the issuer's Non-Qualified Stock Purchase Plan and reported as direct ownership. The transaction size is modest relative to the reported total beneficial ownership of 19,003.5658 shares, and no options or other derivative instruments are disclosed. From a trading-impact perspective, this filing is informational and appears routine.

TL;DR: The CEO/director complied with Section 16 reporting by disclosing a plan-based purchase; filing contains a clear explanatory remark.

The report identifies the reporting person as both an officer (CEO) and a director and uses transaction code J with an explicit explanation that the shares were purchased within the issuer's Non-Qualified Stock Purchase Plan. The Form 4 records the acquisition as direct beneficial ownership, and no amendments or derivative activity are shown. Documentation appears to meet Section 16 disclosure requirements for this specific transaction.

Insider Zernick Thomas Gerard
Role CEO
Type Security Shares Price Value
Other Common Stock 135.501 $11.07 $2K
Holdings After Transaction: Common Stock — 19,003.566 shares (Direct)
Footnotes (1)
  1. [object Object]
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*
Zernick Thomas Gerard
(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO
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) 135.5014 A $11.07 19,003.5658 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction did Thomas Gerard Zernick report for BAFN?

He reported a purchase of 135.5014 common shares of BayFirst Financial Corp. (BAFN) on 08/07/2025 under the company's Non-Qualified Stock Purchase Plan.

At what price were the BAFN shares purchased?

The reported purchase price was $11.07 per share.

How many BAFN shares does the reporting person beneficially own after the transaction?

Following the transaction, his direct beneficial ownership is reported as 19,003.5658 shares.

Was the transaction direct or indirect and how was it executed?

The filing indicates direct (D) ownership and the explanatory remark states the shares were purchased within the issuer's Non-Qualified Stock Purchase Plan.

Did the Form 4 report any derivative transactions for BAFN?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned in this filing.