BayFirst director has 99 shares withheld for taxes

BayFirst Financial Corp. director Harris Alexander Octavius reported a routine tax-related share disposition.

Rhea-AI Filing Summary

BayFirst Financial Corp. director Harris Alexander Octavius reported a routine tax-related share disposition. On the transaction date, 99 shares of Common Stock were withheld at $6.49 per share to cover tax obligations tied to restricted stock awards. According to the footnote, this withholding was carried out by the issuer to satisfy its tax remittance obligations and does not represent an open-market sale by the director. After this activity, Octavius held 6,657.3484 shares of BayFirst Financial Corp. common stock directly.

Insider Trade Summary

Exercise Price or Tax Liability: 99 shares

Exercise Price or Tax Liability 1 txn

Insider Harris Alexander Octavius

Role Director

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	99	$6.49	$642.51

Holdings After Transaction: Common Stock — 6,657.3484 shares (Direct)

Footnotes (1)

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 Post-transaction holdings: 6,657.3484 shares

3 metrics

Tax-withheld shares 99 shares Common Stock withheld to satisfy tax obligations

Withholding price $6.49 per share Value used for tax-withholding share disposition

Post-transaction holdings 6,657.3484 shares Common Stock directly held after tax withholding

Key Terms

restricted stock awards, net settlement, tax withholding

3 terms

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)"

tax withholding financial

"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BayFirst Financial Corp. (BAFN) report for Harris Alexander Octavius?

BayFirst Financial Corp. reported a tax-related share withholding for director Harris Alexander Octavius. The issuer withheld 99 common shares to cover tax obligations on restricted stock awards, rather than an open-market sale, leaving him with 6,657.3484 shares directly owned.

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

A total of 99 BayFirst Financial Corp. common shares were withheld. These shares were retained by the issuer at $6.49 per share to satisfy tax withholding and remittance obligations connected to the net settlement of restricted stock awards.

Does the BayFirst Financial Corp. (BAFN) Form 4 show an open-market sale by the director?

No, the Form 4 does not show an open-market sale by the director. The filing specifies that 99 shares were withheld by the issuer solely to satisfy tax withholding obligations related to restricted stock awards, and explicitly notes it does not represent a sale.

How many BayFirst Financial Corp. (BAFN) shares does Harris Alexander Octavius hold after the reported transaction?

After the transaction, Harris Alexander Octavius directly holds 6,657.3484 BayFirst Financial Corp. shares. This post-transaction balance reflects the small tax-withholding disposition of 99 shares associated with restricted stock award settlement.

What is the reported price per share for the BayFirst Financial Corp. (BAFN) tax withholding transaction?

The reported price per share for the tax withholding was $6.49. This value applies to the 99 BayFirst Financial Corp. common shares withheld by the issuer to meet tax withholding and remittance obligations on restricted stock awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/18/2026 - 02:21 PM EDT Learn about SEC filing dates

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^*

Harris Alexander Octavius

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2026		F(1)		99	D	$6.49	6,657.3484	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. 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)