BAFN Form 4: President/COO Oliver Leigh buys shares via employee plan

Rhea-AI Filing Summary

Oliver Robin Leigh, identified as a Director and President, COO of BayFirst Financial Corp. (BAFN), reported a purchase of common stock on 08/07/2025 on a Form 4. The filing states the transaction was made within the issuer's Non-Qualified Stock Purchase Plan. The Form 4 shows a transaction price of $11.07 per share and lists 11,496.7249 shares as the amount of securities beneficially owned following the reported transaction, held directly. The filing was signed by attorney-in-fact Barbara Felts on 08/11/2025. The disclosure documents an insider purchase under the company plan and records the updated direct beneficial ownership reported on Form 4.

Positive

• Insider purchase disclosed: Oliver Robin Leigh purchased shares through the issuer's Non-Qualified Stock Purchase Plan.
• Updated direct ownership reported: Beneficial ownership after the transaction is listed as 11,496.7249 shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchase reported; transaction appears routine and increases reported direct ownership to 11,496.7249 shares at $11.07.

The Form 4 shows Oliver Robin Leigh, a senior executive and director, acquiring common stock on 08/07/2025 through the issuer's Non-Qualified Stock Purchase Plan at a reported price of $11.07 per share. The filing records 11,496.7249 shares as beneficially owned following the transaction and indicates direct ownership. From a financial perspective, this is a straightforward employee-plan purchase disclosed under Section 16 rules and does not by itself provide revenue, earnings, or valuation information. The disclosure is useful for tracking insider holdings and timing but contains no material operational or financial changes to the company.

Corporate Governance Expert

TL;DR: Form 4 appears properly filed for an insider plan purchase and includes attorney-in-fact signature dated 08/11/2025.

The Form 4 identifies the reporting person, relationship to the issuer, transaction date of 08/07/2025, and an explicit explanation that the shares were purchased under the Non-Qualified Stock Purchase Plan. The filing indicates it was submitted by one reporting person and includes a signature by an attorney-in-fact, Barbara Felts, dated 08/11/2025. This filing meets the Section 16 disclosure format by documenting the insider acquisition and the updated direct beneficial ownership amount. There are no disclosures in this filing of derivative transactions, option grants, or dispositions beyond the plan purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Oliver Robin Leigh

Role President, COO

Type	Security	Shares	Price	Value
Other	Common Stock	27.1	$11.07	$300.00

Holdings After Transaction: Common Stock — 11,496.725 shares (Direct)

Footnotes (1)

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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 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)
	President, COO

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)		27.1003	A	$11.07	11,496.7249	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.

FAQ

What insider transaction did BayFirst Financial (BAFN) report on Form 4?

The Form 4 reports that Oliver Robin Leigh purchased common stock on 08/07/2025 under the company's Non-Qualified Stock Purchase Plan.

How many shares does the Form 4 show after the reported transaction for Oliver Robin Leigh (BAFN)?

The filing lists 11,496.7249 shares as the amount of securities beneficially owned following the reported transaction, held directly.

What price per share is reported in the BAFN Form 4 purchase?

The Form 4 shows a transaction price of $11.07 per share for the reported purchase.

When was the BAFN Form 4 signed and by whom?

The Form 4 is signed by attorney-in-fact Barbara Felts on 08/11/2025.

What role does Oliver Robin Leigh hold at BayFirst Financial in the filing?

The filing identifies Oliver Robin Leigh as a Director and President, COO of BayFirst Financial Corp.