BayFirst Financial Corp. (BAFN) director reports 138-share tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BayFirst Financial Corp. director Anthony Saravanos reported a routine tax-related share withholding. On May 15, 2026, 138 shares of common stock were withheld at $6.49 per share to satisfy tax obligations on restricted stock awards, and not sold in the market. Following this withholding, he directly holds 57,022.3411 shares of BayFirst common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Saravanos Anthony

Role null

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	138	$6.49	$895.62

Holdings After Transaction: Common Stock — 57,022.341 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for tax: 138 shares Withholding price per share: $6.49 per share Shares held after transaction: 57,022.3411 shares +1 more

4 metrics

Shares withheld for tax 138 shares Common stock withheld to satisfy tax obligations on RSAs

Withholding price per share $6.49 per share Valuation applied to shares withheld on May 15, 2026

Shares held after transaction 57,022.3411 shares Director’s direct common stock holdings following tax withholding

Tax-withholding transactions 1 transaction Single F-code tax-withholding disposition reported in this Form 4

Key Terms

restricted stock awards, tax withholding, Form 4

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.

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.

Form 4 regulatory

"The transaction is coded as “F” on the 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 - 02:21 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^*

Saravanos Anthony

(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⁾		138	D	$6.49	57,022.3411	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)
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 transaction did BayFirst Financial (BAFN) director Anthony Saravanos report?

Director Anthony Saravanos reported a routine tax-related share withholding. The issuer withheld 138 shares of BayFirst common stock to cover tax obligations tied to restricted stock awards, rather than executing an open-market sale of those shares.

How many BayFirst Financial (BAFN) shares were withheld for Anthony Saravanos’s taxes?

A total of 138 BayFirst Financial common shares were withheld. These shares were used to satisfy tax withholding and remittance obligations arising from the net settlement of restricted stock awards granted to director Anthony Saravanos by the company.

At what price were the withheld BayFirst Financial (BAFN) shares valued?

The withheld shares were valued at $6.49 per share. This price was applied to 138 common shares that BayFirst Financial used to cover tax withholding obligations associated with Anthony Saravanos’s restricted stock awards on the reported transaction date.

Does the BayFirst Financial (BAFN) Form 4 show an open-market sale by Anthony Saravanos?

No, the Form 4 does not show an open-market sale. It states the 138 shares were withheld by BayFirst Financial solely to meet tax withholding and remittance obligations for restricted stock awards, and the filing clarifies this does not represent a sale by him.

How many BayFirst Financial (BAFN) shares does Anthony Saravanos own after the tax withholding?

After the tax withholding transaction, Anthony Saravanos directly owns 57,022.3411 BayFirst Financial common shares. This post-transaction balance is disclosed in the Form 4 as his direct holding, indicating he retains a substantial equity position in the company.

What is the transaction code used in the BayFirst Financial (BAFN) Form 4 for this event?

The transaction is coded as “F” on the Form 4. This code indicates payment of an exercise price or tax liability by delivering securities, here reflecting issuer share withholding for taxes on restricted stock awards granted to Anthony Saravanos.