BayFirst director covers taxes with 99 shares

BayFirst Financial Corp. director Deloach Dennis Reppard III reported a tax-withholding share disposition related to restricted stock awards.

Rhea-AI Filing Summary

BayFirst Financial Corp. director Deloach Dennis Reppard III reported a tax-withholding share disposition related to restricted stock awards. On this Form 4, 99 shares of Common Stock were withheld by the company at $6.49 per share to satisfy tax obligations and remittance, not as an open-market sale. After this withholding, the director directly holds 35,739.6366 shares of Common Stock.

Insider Trade Summary

Exercise Price or Tax Liability: 99 shares

Exercise Price or Tax Liability 1 txn

Insider Deloach Dennis Reppard III

Role Director

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

Holdings After Transaction: Common Stock — 35,739.6366 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-withholding shares: 99 shares Withholding price: $6.49 per share Shares after transaction: 35,739.6366 shares +3 more

6 metrics

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

Withholding price $6.49 per share Price applied to 99 withheld shares

Shares after transaction 35,739.6366 shares Director’s direct Common Stock holdings following withholding

Transaction code F Payment of exercise price or tax liability by delivering securities

Tax-withholding count 1 transaction Single F-code tax-withholding disposition reported

Tax-withholding shares total 99 shares TaxWithholdingShares in transaction summary

Key Terms

restricted stock awards (RSAs), tax withholding and remittance obligations, net settlement, Form 4, +1 more

5 terms

restricted stock awards (RSAs) financial

"in connection with the net settlement of restricted stock awards (RSAs)"

tax withholding and remittance obligations financial

"withheld by the Issuer to satisfy its tax withholding and remittance obligations"

net settlement financial

"in connection with the net settlement of restricted stock awards (RSAs)"

Form 4 regulatory

"INSIDER FILING DATA (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.

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

What insider transaction did BayFirst Financial (BAFN) disclose in this Form 4?

BayFirst Financial reported a director transaction where 99 Common Stock shares were withheld at $6.49 each. The shares satisfied tax obligations on restricted stock awards, and did not represent an open-market sale, leaving the director with 35,739.6366 shares held directly afterward.

Did the BayFirst (BAFN) director actually sell shares in this filing?

No, the director did not execute an open-market sale. The 99 shares shown were withheld by BayFirst Financial to cover tax withholding and remittance obligations tied to restricted stock awards, as clarified in the footnote, and are classified as a tax-withholding disposition.

How many BayFirst Financial (BAFN) shares does the director hold after the tax withholding?

Following the tax-withholding disposition, the director holds 35,739.6366 shares of BayFirst Financial Common Stock directly. This balance reflects the position after 99 shares were withheld by the issuer to satisfy tax obligations on restricted stock awards, according to the Form 4 disclosure.

What price per share was used for the BayFirst (BAFN) tax-withholding transaction?

The tax-withholding disposition used a price of $6.49 per BayFirst Financial Common Stock share. This price applied to the 99 shares withheld by the issuer to satisfy tax and remittance obligations linked to the net settlement of restricted stock awards held by the director.

What does the F transaction code mean in this BayFirst (BAFN) Form 4?

The F transaction code indicates a tax-withholding disposition rather than a market trade. In this case, BayFirst withheld 99 shares to pay exercise or tax liabilities associated with restricted stock awards, so the director did not choose to buy or sell shares on the open market.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Deloach Dennis Reppard III

(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	35,739.6366	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)