[Form 4] BayFirst Financial Corp. Insider Trading Activity

Rhea-AI Filing Summary

BayFirst Financial Corp. insider Scott Joseph McKim, who serves as Executive Vice President and Chief Financial Officer, made a small personal purchase of the issuer's common stock on 08/07/2025 under the company's Non-Qualified Stock Purchase Plan. The transaction is coded J and shows an acquisition of 27.1003 shares at a price of $11.07 per share. After the purchase, McKim's direct beneficial ownership is reported as 3,216.0541 shares. The filing indicates the purchase was executed through the issuer's employee plan rather than an open-market trade.

Insights

Securities Analyst

TL;DR: CFO purchased a very small number of shares via the company's employee plan; transaction appears routine and non-material.

The reported acquisition of 27.1003 shares at $11.07 under the issuer's Non-Qualified Stock Purchase Plan is consistent with routine employee participation rather than a signal of strategic insider accumulation. With total direct holdings reported at 3,216.0541 shares after the trade, the purchase represents a minor incremental change in ownership. The transaction code J and the plan explanation align with compensatory or benefit-plan activity, which typically has limited market or valuation impact.

Corporate Governance Expert

TL;DR: Disclosure is straightforward and complies with Section 16 reporting of plan-based insider purchases; no governance concerns apparent.

The Form 4 reports the CFO's participation in an internal stock purchase plan with a clear explanatory footnote. The nature and size of the purchase—27.1003 shares—suggest routine benefit-plan participation rather than opportunistic trading. The report indicates direct beneficial ownership and includes the required transaction code and explanation, which supports transparency. There is no indication in the filing of any unusual timing or material governance event.

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^*

McKim Scott Joseph

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Financial Officer

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	3,216.0541	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) disclose?

The company filed a Form 4 showing CFO Scott Joseph McKim acquired 27.1003 shares of common stock under the issuer's Non-Qualified Stock Purchase Plan.

When was the BAFN insider purchase executed and at what price?

The transaction date recorded is 08/07/2025 and the purchase price was $11.07 per share.

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

Following the reported purchase, the filing shows direct beneficial ownership of 3,216.0541 shares.

What is the relationship of the reporting person to BAFN?

The reporting person is an officer of the issuer, listed as EVP, Chief Financial Officer.

What does transaction code J mean in this filing?

The filing shows transaction code J and includes an explanation that shares were purchased within the issuer's Non-Qualified Stock Purchase Plan.